<SEC-DOCUMENT>0001193125-20-139189.txt : 20200511
<SEC-HEADER>0001193125-20-139189.hdr.sgml : 20200511
<ACCEPTANCE-DATETIME>20200511165301
ACCESSION NUMBER:		0001193125-20-139189
CONFORMED SUBMISSION TYPE:	10-Q
PUBLIC DOCUMENT COUNT:		90
CONFORMED PERIOD OF REPORT:	20200331
FILED AS OF DATE:		20200511
DATE AS OF CHANGE:		20200511

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MBIA INC
		CENTRAL INDEX KEY:			0000814585
		STANDARD INDUSTRIAL CLASSIFICATION:	SURETY INSURANCE [6351]
		IRS NUMBER:				061185706
		STATE OF INCORPORATION:			CT
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		10-Q
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09583
		FILM NUMBER:		20865716

	BUSINESS ADDRESS:	
		STREET 1:		1 MANHATTANVILLE ROAD
		STREET 2:		SUITE 301
		CITY:			PURCHASE
		STATE:			NY
		ZIP:			10577
		BUSINESS PHONE:		914-273-4545

	MAIL ADDRESS:	
		STREET 1:		1 MANHATTANVILLE ROAD
		STREET 2:		SUITE 301
		CITY:			PURCHASE
		STATE:			NY
		ZIP:			10577
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-Q
<SEQUENCE>1
<FILENAME>d893688d10q.htm
<DESCRIPTION>10-Q
<TEXT>
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xml:lang="en-US">Includes 0.9 million of participating securities that met the service condition and were eligible to receive nonforfeitable dividends or dividend equivalents for each of the three months ended March 31, 2020 and 2019, respectively.</ix:footnote ><ix:footnote id="FN_49352" xml:lang="en-US">Represents intercompany premium income and expense and intercompany interest income and expense pertaining to intercompany receivables and payables.</ix:footnote ><ix:footnote id="FN_49354" xml:lang="en-US">Represents unrealized gains or losses on OTTI securities recognized in AOCI, which includes the non-credit component of impairments, as well as all subsequent changes in fair value of such impaired securities reported in AOCI.</ix:footnote ><ix:footnote id="FN_49355" xml:lang="en-US">Includes investments insured by MBIA Corp. and National.</ix:footnote ><ix:footnote id="FN_49356" xml:lang="en-US">Insurance loss reserve estimates are based on the proportion of par value owned to the total amount of par value insured.</ix:footnote ><ix:footnote id="FN_49358" xml:lang="en-US">Consists primarily of intercompany reinsurance balances and repurchase agreements.</ix:footnote ><ix:footnote id="FN_49346" xml:lang="en-US">Weighted average represents the total MBIA guarantees as a percentage of total instrument fair value.</ix:footnote ><ix:footnote id="FN_49347" xml:lang="en-US">Midpoint of cash flows are used for the weighted average.</ix:footnote ><ix:footnote id="FN_49348" xml:lang="en-US">Investment that was measured at fair value by applying the net asset value per share practical expedient, and was required not to be classified in the fair value hierarchy.</ix:footnote ><ix:footnote id="FN_49335" xml:lang="en-US">Includes loan repurchase commitments of $506 million and $486 million as of March 31, 2020 and December 31, 2019, respectively.</ix:footnote ><ix:footnote id="FN_49336" xml:lang="en-US">Amounts are net of expected recoveries.</ix:footnote ><ix:footnote id="FN_49338" xml:lang="en-US">Includes amounts related to paid claims and LAE that are expected to be recovered in the future.</ix:footnote ><ix:footnote id="FN_49339" xml:lang="en-US">Primarily changes in amount and timing of collections.</ix:footnote ><ix:footnote id="FN_49340" xml:lang="en-US">An &#8220;issue&#8221; represents the aggregate of financial guarantee policies that share the same revenue source for purposes of making debt service payments on the insured debt.</ix:footnote ><ix:footnote id="FN_49341" xml:lang="en-US">Represents contractual principal and interest payments due by the issuer of the obligations insured by MBIA.</ix:footnote ><ix:footnote id="FN_49342" xml:lang="en-US">The gross claim liability with respect to Puerto Rico exposures are net of expected recoveries for policies in a net payable position.</ix:footnote ><ix:footnote id="FN_49343" xml:lang="en-US">Gross potential recoveries with respect to certain Puerto Rico exposures are net of the claim 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<td style="width: 4%; vertical-align: top; white-space: nowrap;"><ix:nonNumeric name="dei:DocumentQuarterlyReport" contextRef="P01_01_2020To03_31_2020" format="ixt:booleantrue">&#9746;</ix:nonNumeric></td>
<td style="text-align: left; font-family: Arial; font-size: 12pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;">QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</div></td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: center; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 12pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For the quarterly period ended <ix:nonNumeric name="dei:DocumentPeriodEndDate" contextRef="P01_01_2020To03_31_2020" format="ixt:datemonthdayyearen">March&#160;31, <ix:nonNumeric name="dei:DocumentFiscalYearFocus" contextRef="P01_01_2020To03_31_2020">2020</ix:nonNumeric></ix:nonNumeric> </div></div></div> <div style="text-align: center; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 12pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">or </div></div></div> <div style="margin-top: 12pt; margin-bottom: 0px;"></div>
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<td style="width: 4%; vertical-align: top; white-space: nowrap;"><ix:nonNumeric name="dei:DocumentTransitionReport" contextRef="P01_01_2020To03_31_2020" format="ixt:booleanfalse">&#9744;</ix:nonNumeric></td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: center; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><span style="-sec-ix-hidden:hidden12967569">Connecticut</span> </div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; vertical-align: top;"> <div style="text-align: center; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonNumeric name="dei:EntityTaxIdentificationNumber" contextRef="P01_01_2020To03_31_2020">06-1185706</ix:nonNumeric> </div> </div></div> </td> </tr>
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<td style="height: 16px; font-family: Arial;">&#160;</td>
<td style="height: 16px; font-family: Arial;">&#160;</td>
<td style="height: 16px; font-family: Arial;">&#160;</td> </tr>
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<td style="padding: 0px; vertical-align: top; border-bottom: 0.5pt solid rgb(0, 0, 0); font-size: 10pt;"> <div style="text-align: center; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonNumeric name="dei:TradingSymbol" contextRef="P01_01_2020To03_31_2020">MBI</ix:nonNumeric> </div></div></div> </td>
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<td style="vertical-align: bottom; white-space: nowrap; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Accelerated&#160;filer </div></div> </td>
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<td style="vertical-align: bottom; font-family: &quot;Times New Roman&quot;;">&#160;</td>
<td style="vertical-align: bottom; white-space: nowrap; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Smaller&#160;reporting&#160;company </div></div> </td>
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<td style="height: 8px; font-family: &quot;Times New Roman&quot;;">&#160;</td>
<td style="height: 8px; font-family: &quot;Times New Roman&quot;;">&#160;</td>
<td style="height: 8px; font-family: &quot;Times New Roman&quot;;">&#160;</td>
<td style="height: 8px; font-family: &quot;Times New Roman&quot;;">&#160;</td>
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<td style="vertical-align: bottom; white-space: nowrap; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; white-space: nowrap; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; white-space: nowrap; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Emerging growth company </div></div> </td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
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<td style="text-align: left; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: inline-block; line-height: normal;"></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt; padding-bottom: 0.5pt;"> <div id="toc" style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;</div></div> </td>
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<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">PAGE </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
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<td colspan="3" style="padding: 0px; vertical-align: top;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-weight:bold;display:inline;"><a href="#toc893688_1"><span style="text-decoration: underline; letter-spacing: 0px; top: 0px;;display:inline;">PART I FINANCIAL INFORMATION</span> </a> </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Item&#160;1. </div></div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><a href="#toc893688_2">Financial Statements MBIA Inc. and Subsidiaries (Unaudited)</a> </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: justify; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><a href="#toc893688_3">Consolidated Balance Sheets as of March&#160;31, 2020 and December&#160;31, 2019 (Unaudited)</a> </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1</div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><a href="#toc893688_4">Consolidated Statements of Operations for the three months ended March&#160;31, 2020 and 2019 (Unaudited)</a> </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2</div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><a href="#toc893688_5">Consolidated Statements of Comprehensive Income (Loss) for the three months ended March&#160;31, 2020 and 2019 (Unaudited)</a> </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: justify; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><a href="#toc893688_6">Consolidated Statements of Changes in Shareholders&#8217; Equity for the three months ended March&#160;31, 2020 and 2019 (Unaudited)</a> </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><a href="#toc893688_7">Consolidated Statements of Cash Flows for the three months ended March&#160;31, 2020 and 2019 (Unaudited)</a> </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5</div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: justify; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><a href="#toc893688_8">Notes to Consolidated Financial Statements (Unaudited)</a> </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6</div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: justify; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><a href="#toc893688_9">Note 1: Business Developments and Risks and Uncertainties</a> </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6</div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><a href="#toc893688_10">Note 2: Significant Accounting Policies</a> </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><a href="#toc893688_11">Note 3: Recent Accounting Pronouncements</a> </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><a href="#toc893688_12">Note 4: Variable Interest Entities</a> </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12</div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><a href="#toc893688_13">Note 5: Loss and Loss Adjustment Expense Reserves</a> </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13</div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: justify; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><a href="#toc893688_14">Note 6: Fair Value of Financial Instruments</a> </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19</div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: justify; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><a href="#toc893688_15">Note 7: Investments</a> </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">33</div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: justify; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><a href="#toc893688_16">Note 8: Derivative Instruments</a> </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">38</div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: justify; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><a href="#toc893688_17">Note 9: Income Taxes</a> </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">41</div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: justify; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><a href="#toc893688_18">Note 10: Business Segments</a> </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">42</div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: justify; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><a href="#toc893688_19">Note 11: Earnings Per Share</a> </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">44</div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: justify; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><a href="#toc893688_20">Note 12: Accumulated Other Comprehensive Income</a> </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">45</div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: justify; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><a href="#toc893688_21">Note 13: Commitments and Contingencies</a> </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">46</div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Item&#160;2. </div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><a href="#toc893688_22">Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations</a> </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">49</div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Item&#160;3. </div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><a href="#toc893688_23">Quantitative and Qualitative Disclosures About Market Risk</a> </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">76</div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Item&#160;4. </div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><a href="#toc893688_24">Controls and Procedures</a> </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">76</div></div> </td>
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<td colspan="3" style="padding: 0px; vertical-align: top;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-weight:bold;display:inline;"><a href="#toc893688_25"><span style="text-decoration: underline; letter-spacing: 0px; top: 0px;;display:inline;">PART II OTHER INFORMATION</span> </a> </div></div> </td>
<td style="font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Item&#160;1. </div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><a href="#toc893688_26">Legal Proceedings</a> </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">77</div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Item&#160;1A. </div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><a href="#toc893688_27">Risk Factors</a> </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">77</div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Item&#160;2. </div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><a href="#toc893688_28">Unregistered Sales of Equity Securities and Use of Proceeds</a> </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">80</div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><a href="#toc893688_29">Exhibits</a> </div></div> </td>
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<td colspan="3" style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><a href="#toc893688_30">SIGNATURES </a> </div></div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">82</div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">FORWARD-LOOKING AND CAUTIONARY STATEMENTS </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">This quarterly report of MBIA Inc., together with its consolidated subsidiaries, (collectively, &#8220;MBIA&#8221;, the &#8220;Company&#8221;, &#8220;we&#8221;, &#8220;us&#8221; or &#8220;our&#8221;) includes statements that are not historical or current facts and are &#8220;forward-looking statements&#8221; made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words &#8220;believe&#8221;, &#8220;anticipate&#8221;, &#8220;project&#8221;, &#8220;plan&#8221;, &#8220;expect&#8221;, &#8220;estimate&#8221;, &#8220;intend&#8221;, &#8220;will likely result&#8221;, &#8220;looking forward&#8221;, or &#8220;will continue&#8221; and similar expressions identify forward-looking statements. These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical earnings and those presently anticipated or projected. MBIA cautions readers not to place undue reliance on any such forward-looking statements, which speak only to their respective dates. We undertake no obligation to publicly correct or update any forward-looking statement if the Company later becomes aware that such result is not likely to be achieved. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following are some of the general factors that could affect financial performance or could cause actual results to differ materially from estimates contained in or underlying the Company&#8217;s forward-looking statements: </div></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
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<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">increased credit losses or impairments on public finance obligations that National Public Finance Guarantee Corporation (&#8220;National&#8221;) insures issued by state, local and territorial governments and finance authorities and other providers of public services, located in the U.S. or abroad, that are experiencing fiscal stress;</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
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<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">the possibility that loss reserve estimates are not adequate to cover potential claims;</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
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<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">a disruption in the cash flow from National or an inability to access the capital markets and our exposure to significant fluctuations in liquidity and asset values in the global credit markets as a result of collateral posting requirements;</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
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<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">our ability to fully implement our strategic plan;</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
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<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">the possibility that MBIA Insurance Corporation will have inadequate liquidity or resources to timely pay claims as a result of higher than expected losses on certain insured transactions or as a result of a delay or failure in collecting expected recoveries, which could lead the New York State Department of Financial Services (&#8220;NYSDFS&#8221;) to put MBIA Insurance Corporation into a rehabilitation or liquidation proceeding under Article 74 of the New York Insurance Law and/or take such other actions as the NYSDFS may deem necessary to protect the interests of MBIA Insurance Corporation&#8217;s policyholders;</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
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<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">the impact on our insured portfolios or business operations caused by the global spread of the novel coronavirus <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19; </div></td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
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<td style="width: 3%; vertical-align: top;">&#8226;</td>
<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">deterioration in the economic environment and financial markets in the United States or abroad, real estate market performance, credit spreads, interest rates and foreign currency levels; and</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
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<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">the effects of changes to governmental regulation, including insurance laws, securities laws, tax laws, legal precedents and accounting rules.</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The above factors provide a summary of and are qualified in their entirety by the risk factors discussed under &#8220;Risk Factors&#8221; in Part II, Other Information, Item&#160;1A included in this Quarterly Report on Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">10-Q.</div> In addition, refer to &#8220;Note 1: Business Developments and Risk and Uncertainties&#8221; in the Notes to Consolidated Financial Statements included in this Quarterly Report on Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">10-Q</div> for a discussion of certain risks and uncertainties related to our financial statements.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">This quarterly report of MBIA Inc. also includes statements of the opinion and belief of MBIA management which may be forward-looking statements subject to the preceding cautionary disclosure. Unless otherwise indicated herein, the basis for each statement of opinion or belief of MBIA management in this report is the relevant industry or subject matter experience and views of certain members of MBIA&#8217;s management. Accordingly, MBIA cautions readers not to place undue reliance on any such statements, because like all statements of opinion or belief they are not statements of fact and may prove to be incorrect. We undertake no obligation to publicly correct or update any statement of opinion or belief if the Company later becomes aware that such statement of opinion or belief was not or is not then accurate. In addition, readers are cautioned that each statement of opinion or belief may be further qualified by disclosures set forth elsewhere in this report or in other disclosures by MBIA. </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div id="toc893688_1" style="text-align: center; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">PART I FINANCIAL INFORMATION </div></div></div> <div id="toc893688_2" style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 12pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Item&#160;1. Financial Statements </div></div></div> <div id="toc893688_3" style="text-align: center; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 24pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA INC. AND SUBSIDIARIES </div></div></div> <div style="text-align: center; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">CONSOLIDATED BALANCE SHEETS (Unaudited) </div></div></div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(In millions except share and per share amounts) </div></div>
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<td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
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<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">March&#160;31,&#160;2020 </div></div></div> </td>
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<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">December&#160;31,&#160;2019 </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Assets </div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
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<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments: </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
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<td style="padding: 0px; vertical-align: top;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;">Fixed-maturity securities held as <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">available-for-sale,</div> at fair value (amortized cost $<ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAmortizedCost" contextRef="PAsOn03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2,559</ix:nonFraction> and $<ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAmortizedCost" contextRef="PAsOn12_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2,705</ix:nonFraction>)</div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesNoncurrent" contextRef="PAsOn03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2,720</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesNoncurrent" contextRef="PAsOn12_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2,820</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments carried at fair value </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:TradingSecurities" contextRef="PAsOn03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">187</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:TradingSecurities" contextRef="PAsOn12_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">209</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments pledged as collateral, at fair value (amortized cost $<ix:nonFraction name="mbi:InvestmentsPledgedAsCollateralAmortizedCost" contextRef="PAsOn03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">6</ix:nonFraction> and $<ix:nonFraction name="mbi:InvestmentsPledgedAsCollateralAmortizedCost" contextRef="PAsOn12_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">15</ix:nonFraction>) </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:DebtSecuritiesAvailableForSaleRestricted" contextRef="PAsOn03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:DebtSecuritiesAvailableForSaleRestricted" contextRef="PAsOn12_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">10</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Short-term investments, at fair value (amortized cost $<ix:nonFraction name="mbi:ShortTermInvestmentsAmortizedCost" contextRef="PAsOn03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">247</ix:nonFraction> and $<ix:nonFraction name="mbi:ShortTermInvestmentsAmortizedCost" contextRef="PAsOn12_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">423</ix:nonFraction>) </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesCurrent" contextRef="PAsOn03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">245</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesCurrent" contextRef="PAsOn12_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">423</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 4em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total investments </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:Investments" contextRef="PAsOn03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">3,153</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:Investments" contextRef="PAsOn12_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">3,462</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Cash and cash equivalents </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:CashAndCashEquivalentsAtCarryingValue" contextRef="PAsOn03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">212</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:CashAndCashEquivalentsAtCarryingValue" contextRef="PAsOn12_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">75</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Premiums receivable (net of allowance for credit losses $<ix:nonFraction name="us-gaap:PremiumsReceivableAllowanceForDoubtfulAccounts" contextRef="PAsOn03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">4</ix:nonFraction> and $<ix:nonFraction name="us-gaap:PremiumsReceivableAllowanceForDoubtfulAccounts" contextRef="PAsOn12_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction>) </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:PremiumsReceivableAtCarryingValue" contextRef="PAsOn03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">240</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:PremiumsReceivableAtCarryingValue" contextRef="PAsOn12_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">249</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Deferred acquisition costs </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:DeferredPolicyAcquisitionCosts" contextRef="PAsOn03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">58</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:DeferredPolicyAcquisitionCosts" contextRef="PAsOn12_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">60</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Insurance loss recoverable </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:InsuranceLossRecoverable" contextRef="PAsOn03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1,607</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:InsuranceLossRecoverable" contextRef="PAsOn12_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1,694</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other assets </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:OtherAssets" contextRef="PAsOn03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">116</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:OtherAssets" contextRef="PAsOn12_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">115</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Assets of consolidated variable interest entities: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Cash </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:Cash" contextRef="PAsOn03_31_2020_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">5</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:Cash" contextRef="PAsOn12_31_2019_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">8</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;">Investments <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">held-to-maturity,</div> at amortized cost (net of allowance for credit losses $<ix:nonFraction name="us-gaap:DebtSecuritiesHeldToMaturityAllowanceForCreditLoss" contextRef="PAsOn03_31_2020_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">46</ix:nonFraction> and $<ix:nonFraction name="us-gaap:DebtSecuritiesHeldToMaturityAllowanceForCreditLoss" contextRef="PAsOn12_31_2019_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction>, fair value $<ix:nonFraction name="us-gaap:HeldToMaturitySecuritiesFairValue" contextRef="PAsOn03_31_2020_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">572</ix:nonFraction> and $<ix:nonFraction name="us-gaap:HeldToMaturitySecuritiesFairValue" contextRef="PAsOn12_31_2019_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">892</ix:nonFraction>)</div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:HeldToMaturitySecurities" contextRef="PAsOn03_31_2020_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">529</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:HeldToMaturitySecurities" contextRef="PAsOn12_31_2019_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">890</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments carried at fair value </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:TradingSecurities" contextRef="PAsOn03_31_2020_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">75</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:TradingSecurities" contextRef="PAsOn12_31_2019_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">83</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Loans receivable at fair value </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:LoansReceivableFairValueDisclosure" contextRef="PAsOn03_31_2020_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">98</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:LoansReceivableFairValueDisclosure" contextRef="PAsOn12_31_2019_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">136</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Loan repurchase commitments </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:LoanRepurchaseCommitments" contextRef="PAsOn03_31_2020_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">506</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:LoanRepurchaseCommitments" contextRef="PAsOn12_31_2019_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">486</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other assets </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:OtherAssets" contextRef="PAsOn03_31_2020_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">33</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:OtherAssets" contextRef="PAsOn12_31_2019_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">26</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 7em; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total assets </div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">$</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:Assets" contextRef="PAsOn03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">6,632</ix:nonFraction> </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">$</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:Assets" contextRef="PAsOn12_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">7,284</ix:nonFraction> </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Liabilities and Equity </div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Liabilities: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Unearned premium revenue </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:UnearnedPremiums" contextRef="PAsOn03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">464</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:UnearnedPremiums" contextRef="PAsOn12_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">482</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Loss and loss adjustment expense reserves </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:LiabilityForClaimsAndClaimsAdjustmentExpense" contextRef="PAsOn03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">966</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:LiabilityForClaimsAndClaimsAdjustmentExpense" contextRef="PAsOn12_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">901</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Long-term debt </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:LongTermDebtNoncurrent" contextRef="PAsOn03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2,261</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:LongTermDebtNoncurrent" contextRef="PAsOn12_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2,228</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Medium-term notes (includes financial instruments carried at fair value of $<ix:nonFraction name="us-gaap:NotesPayableFairValueDisclosure" contextRef="PAsOn03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">98</ix:nonFraction> and $<ix:nonFraction name="us-gaap:NotesPayableFairValueDisclosure" contextRef="PAsOn12_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">108</ix:nonFraction>) </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:MediumTermNotes" contextRef="PAsOn03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">663</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:MediumTermNotes" contextRef="PAsOn12_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">680</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investment agreements </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:BorrowingsUnderGuaranteedInvestmentAgreements" contextRef="PAsOn03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">295</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:BorrowingsUnderGuaranteedInvestmentAgreements" contextRef="PAsOn12_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">304</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Derivative liabilities </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:DerivativeLiabilities" contextRef="PAsOn03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">206</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:DerivativeLiabilities" contextRef="PAsOn12_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">175</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other liabilities </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:OtherLiabilities" contextRef="PAsOn03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">120</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:OtherLiabilities" contextRef="PAsOn12_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">136</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Liabilities of consolidated variable interest entities: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Variable interest entity notes (includes financial instruments carried at fair value of $<ix:nonFraction name="us-gaap:DebtInstrumentFairValue" contextRef="PAsOn03_31_2020_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">331</ix:nonFraction> and $<ix:nonFraction name="us-gaap:DebtInstrumentFairValue" contextRef="PAsOn12_31_2019_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">403</ix:nonFraction>) </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:NotesPayable" contextRef="PAsOn03_31_2020_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1,160</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:NotesPayable" contextRef="PAsOn12_31_2019_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1,539</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 4em; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total liabilities </div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:Liabilities" contextRef="PAsOn03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">6,135</ix:nonFraction> </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:Liabilities" contextRef="PAsOn12_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">6,445</ix:nonFraction> </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Commitments and contingencies (Refer to Note 13: Commitments and Contingencies) </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Equity: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Preferred stock, par value $<ix:nonFraction name="us-gaap:PreferredStockParOrStatedValuePerShare" contextRef="PAsOn12_31_2019" unitRef="Unit_USD_per_Share" decimals="0" scale="0" format="ixt:numdotdecimal"><ix:nonFraction name="us-gaap:PreferredStockParOrStatedValuePerShare" contextRef="PAsOn03_31_2020" unitRef="Unit_USD_per_Share" decimals="0" scale="0" format="ixt:numdotdecimal">1</ix:nonFraction></ix:nonFraction> per share; authorized shares&#8212;<ix:nonFraction name="us-gaap:PreferredStockSharesAuthorized" contextRef="PAsOn12_31_2019" unitRef="Unit_shares" decimals="INF" scale="0" format="ixt:numdotdecimal"><ix:nonFraction name="us-gaap:PreferredStockSharesAuthorized" contextRef="PAsOn03_31_2020" unitRef="Unit_shares" decimals="INF" scale="0" format="ixt:numdotdecimal">10,000,000</ix:nonFraction></ix:nonFraction>; issued and outstanding&#8212;<ix:nonFraction name="us-gaap:PreferredStockSharesIssued" contextRef="PAsOn12_31_2019" unitRef="Unit_shares" decimals="INF" scale="0" format="ixt-sec:numwordsen"><ix:nonFraction name="us-gaap:PreferredStockSharesOutstanding" contextRef="PAsOn03_31_2020" unitRef="Unit_shares" decimals="INF" scale="0" format="ixt-sec:numwordsen"><ix:nonFraction name="us-gaap:PreferredStockSharesOutstanding" contextRef="PAsOn12_31_2019" unitRef="Unit_shares" decimals="INF" scale="0" format="ixt-sec:numwordsen"><ix:nonFraction name="us-gaap:PreferredStockSharesIssued" contextRef="PAsOn03_31_2020" unitRef="Unit_shares" decimals="INF" scale="0" format="ixt-sec:numwordsen">no</ix:nonFraction></ix:nonFraction></ix:nonFraction></ix:nonFraction>ne </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:PreferredStockValue" contextRef="PAsOn03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">&#8212;</ix:nonFraction>&#160;&#160;</div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:PreferredStockValue" contextRef="PAsOn12_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">&#8212;</ix:nonFraction>&#160;&#160;</div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Common stock, par value $<ix:nonFraction name="us-gaap:CommonStockParOrStatedValuePerShare" contextRef="PAsOn12_31_2019" unitRef="Unit_USD_per_Share" decimals="0" scale="0" format="ixt:numdotdecimal"><ix:nonFraction name="us-gaap:CommonStockParOrStatedValuePerShare" contextRef="PAsOn03_31_2020" unitRef="Unit_USD_per_Share" decimals="0" scale="0" format="ixt:numdotdecimal">1</ix:nonFraction></ix:nonFraction> per share; authorized shares&#8212;<ix:nonFraction name="us-gaap:CommonStockSharesAuthorized" contextRef="PAsOn12_31_2019" unitRef="Unit_shares" decimals="INF" scale="0" format="ixt:numdotdecimal"><ix:nonFraction name="us-gaap:CommonStockSharesAuthorized" contextRef="PAsOn03_31_2020" unitRef="Unit_shares" decimals="INF" scale="0" format="ixt:numdotdecimal">400,000,000</ix:nonFraction></ix:nonFraction>; issued shares&#8212;<ix:nonFraction name="us-gaap:CommonStockSharesIssued" contextRef="PAsOn03_31_2020" unitRef="Unit_shares" decimals="INF" scale="0" format="ixt:numdotdecimal">283,433,401</ix:nonFraction> and <ix:nonFraction name="us-gaap:CommonStockSharesIssued" contextRef="PAsOn12_31_2019" unitRef="Unit_shares" decimals="INF" scale="0" format="ixt:numdotdecimal">283,433,401</ix:nonFraction> </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:CommonStockValue" contextRef="PAsOn03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">283</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:CommonStockValue" contextRef="PAsOn12_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">283</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;">Additional <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">paid-in</div> capital</div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:AdditionalPaidInCapital" contextRef="PAsOn03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2,961</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:AdditionalPaidInCapital" contextRef="PAsOn12_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2,999</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Retained earnings </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:RetainedEarningsAccumulatedDeficit" contextRef="PAsOn03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">232</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:RetainedEarningsAccumulatedDeficit" contextRef="PAsOn12_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">607</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Accumulated other comprehensive income (loss), net of tax of $<ix:nonFraction name="mbi:AccumulatedOtherComprehensiveIncomeLossDeferredIncomeTaxes" contextRef="PAsOn03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">8</ix:nonFraction> and $<ix:nonFraction name="mbi:AccumulatedOtherComprehensiveIncomeLossDeferredIncomeTaxes" contextRef="PAsOn12_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">8</ix:nonFraction> </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax" contextRef="PAsOn03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">91</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax" contextRef="PAsOn12_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">2</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Treasury stock, at cost&#8212;<ix:nonFraction name="us-gaap:TreasuryStockShares" contextRef="PAsOn03_31_2020" unitRef="Unit_shares" decimals="INF" scale="0" format="ixt:numdotdecimal">211,272,995</ix:nonFraction> and <ix:nonFraction name="us-gaap:TreasuryStockShares" contextRef="PAsOn12_31_2019" unitRef="Unit_shares" decimals="INF" scale="0" format="ixt:numdotdecimal">204,000,108</ix:nonFraction> shares </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:TreasuryStockValue" contextRef="PAsOn03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">3,083</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:TreasuryStockValue" contextRef="PAsOn12_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">3,061</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total shareholders&#8217; equity of MBIA Inc. </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:StockholdersEquity" contextRef="PAsOn03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">484</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:StockholdersEquity" contextRef="PAsOn12_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">826</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Preferred stock of subsidiary </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:MinorityInterestAmountRepresentedByPreferredStock" contextRef="PAsOn03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">13</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:MinorityInterestAmountRepresentedByPreferredStock" contextRef="PAsOn12_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">13</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 4em; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total equity </div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" contextRef="PAsOn03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">497</ix:nonFraction> </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" contextRef="PAsOn12_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">839</ix:nonFraction> </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 4em; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total liabilities and equity </div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">$</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:LiabilitiesAndStockholdersEquity" contextRef="PAsOn03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">6,632</ix:nonFraction> </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">$</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:LiabilitiesAndStockholdersEquity" contextRef="PAsOn12_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">7,284</ix:nonFraction> </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The accompanying notes are an integral part of the consolidated financial statements. </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: center; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"></div> </div> </div> <div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div id="toc893688_4" style="text-align: center; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA INC. AND SUBSIDIARIES </div></div></div> <div style="text-align: center; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) </div></div></div> <div style="text-align: center; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(In millions except share and per share amounts) </div></div></div>
<table border="0" cellpadding="0" cellspacing="0" style="margin: 12pt auto 0px; width: 100%; font-size: 10pt; border-collapse: separate; border-spacing: 0;">
<tr style="color: white; line-height: 0pt; visibility: hidden;">
<td style="width: 88%; font-family: Arial; padding: 0px;"></td>
<td style="width: 2%; font-family: Arial; padding: 0px;"></td>
<td style="font-family: Arial; padding: 0px;"></td>
<td style="white-space: nowrap; font-family: Arial;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td style="font-family: Arial; padding: 0px;"></td>
<td style="width: 2%; font-family: Arial; padding: 0px;"></td>
<td style="font-family: Arial; padding: 0px;"></td>
<td style="white-space: nowrap; font-family: Arial;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td style="font-family: Arial; padding: 0px;"></td> </tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Three Months Ended March&#160;31, </div></div></div> </td>
<td style="padding-bottom: 0.5pt; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2020 </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2019 </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Revenues: </div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Premiums earned: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Scheduled premiums earned </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:PremiumsEarnedNetFinancialGuaranteeInsuranceContracts" contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">16</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:PremiumsEarnedNetFinancialGuaranteeInsuranceContracts" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">18</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Refunding premiums earned </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:FinancialGuaranteeInsuranceContractsAcceleratedPremiumRevenueAmount" contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">4</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:FinancialGuaranteeInsuranceContractsAcceleratedPremiumRevenueAmount" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">5</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 4em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Premiums earned (net of ceded premiums of $<ix:nonFraction name="us-gaap:CededPremiumsEarned" contextRef="P01_01_2020To03_31_2020_FinancialGuaranteeInsuranceSegmentMembersrtProductOrServiceAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction> and $<ix:nonFraction name="us-gaap:CededPremiumsEarned" contextRef="P01_01_2019To03_31_2019_FinancialGuaranteeInsuranceSegmentMembersrtProductOrServiceAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction>) </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:PremiumsEarnedNet" contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">20</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:PremiumsEarnedNet" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">23</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net investment income </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:NetInvestmentIncome" contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">23</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:NetInvestmentIncome" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">32</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Unrealized gains (losses) on insured derivatives </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:UnrealizedGainLossOnDerivatives" contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:UnrealizedGainLossOnDerivatives" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">14</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net gains (losses) on financial instruments at fair value and foreign exchange </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">63</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">22</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net investment losses related to other-than-temporary impairments: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investment losses related to other-than-temporary impairments </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities" contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other-than-temporary impairments recognized in accumulated other comprehensive income (loss) </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities" contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">28</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 4em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net investment losses related to other-than-temporary impairments </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet" contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">28</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other net realized gains (losses) </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:OtherIncome" contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:OtherIncome" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Revenues of consolidated variable interest entities: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net investment income </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:NetInvestmentIncome" contextRef="P01_01_2020To03_31_2020_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">8</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:NetInvestmentIncome" contextRef="P01_01_2019To03_31_2019_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">10</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net gains (losses) on financial instruments at fair value and foreign exchange </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" contextRef="P01_01_2020To03_31_2020_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">15</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" contextRef="P01_01_2019To03_31_2019_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">18</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other net realized gains (losses) </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:OtherIncome" contextRef="P01_01_2020To03_31_2020_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">9</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:OtherIncome" contextRef="P01_01_2019To03_31_2019_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">42</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total revenues </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:Revenues" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">6</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:Revenues" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">50</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Expenses: </div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Losses and loss adjustment </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:PolicyholderBenefitsAndClaimsIncurredNet" contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">243</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:PolicyholderBenefitsAndClaimsIncurredNet" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">38</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortization of deferred acquisition costs </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:DeferredPolicyAcquisitionCostAmortizationExpense" contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:DeferredPolicyAcquisitionCostAmortizationExpense" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">4</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Operating </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:OperatingExpenses" contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">18</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:OperatingExpenses" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">26</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Interest </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:InterestExpense" contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">47</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:InterestExpense" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">52</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Expenses of consolidated variable interest entities: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Operating </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:OperatingExpenses" contextRef="P01_01_2020To03_31_2020_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:OperatingExpenses" contextRef="P01_01_2019To03_31_2019_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">3</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Interest </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:InterestExpense" contextRef="P01_01_2020To03_31_2020_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">15</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:InterestExpense" contextRef="P01_01_2019To03_31_2019_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">22</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total expenses </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:BenefitsLossesAndExpenses" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">327</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:BenefitsLossesAndExpenses" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">69</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Income (loss) before income taxes </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">333</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">19</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Provision (benefit) for income taxes </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:IncomeTaxExpenseBenefit" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:IncomeTaxExpenseBenefit" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net income (loss) </div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"><div style="font-weight:bold;display:inline;">$</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:NetIncomeLoss" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">333</ix:nonFraction></div></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"><div style="font-weight:bold;display:inline;">) </div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"><div style="font-weight:bold;display:inline;">$</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:NetIncomeLoss" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">21</ix:nonFraction></div></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"><div style="font-weight:bold;display:inline;">) </div></td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net income (loss) per common share: </div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Basic </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:EarningsPerShareBasic" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD_per_Share" decimals="2" scale="0" sign="-" format="ixt:numdotdecimal">4.62</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:EarningsPerShareBasic" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD_per_Share" decimals="2" scale="0" sign="-" format="ixt:numdotdecimal">0.24</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Diluted </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:EarningsPerShareDiluted" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD_per_Share" decimals="2" scale="0" sign="-" format="ixt:numdotdecimal">4.62</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:EarningsPerShareDiluted" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD_per_Share" decimals="2" scale="0" sign="-" format="ixt:numdotdecimal">0.24</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Weighted average number of common shares outstanding: </div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Basic </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:WeightedAverageNumberOfSharesOutstandingBasic" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_shares" decimals="0" scale="0" format="ixt:numdotdecimal">72,089,016</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:WeightedAverageNumberOfSharesOutstandingBasic" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_shares" decimals="0" scale="0" format="ixt:numdotdecimal">85,554,236</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Diluted </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_shares" decimals="0" scale="0" format="ixt:numdotdecimal">72,089,016</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_shares" decimals="0" scale="0" format="ixt:numdotdecimal">85,554,236</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The accompanying notes are an integral part of the consolidated financial statements. </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: center; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"></div> </div> </div> <div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div id="toc893688_5" style="text-align: center; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA INC. AND SUBSIDIARIES </div></div></div> <div style="text-align: center; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) </div></div></div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(In millions) </div></div>
<table border="0" cellpadding="0" cellspacing="0" style="margin: 12pt auto 0px; width: 100%; font-size: 10pt; border-collapse: separate; border-spacing: 0;">
<tr style="color: white; line-height: 0pt; visibility: hidden;">
<td style="width: 81%; font-family: Arial; padding: 0px;"></td>
<td style="width: 6%; font-family: Arial; padding: 0px;"></td>
<td style="font-family: Arial; padding: 0px;"></td>
<td style="white-space: nowrap; font-family: Arial;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td style="font-family: Arial; padding: 0px;"></td>
<td style="width: 6%; font-family: Arial; padding: 0px;"></td>
<td style="font-family: Arial; padding: 0px;"></td>
<td style="white-space: nowrap; font-family: Arial;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td style="font-family: Arial; padding: 0px;"></td> </tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="7" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Three&#160;Months&#160;Ended&#160;March&#160;31, </div></div></div> </td> </tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2020 </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2019 </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net income (loss) </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:NetIncomeLoss" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">333</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:NetIncomeLoss" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">21</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other comprehensive income (loss): </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Available-for-sale</div> securities with no credit losses:</div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Unrealized gains (losses) arising during the period </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">48</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">79</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Reclassification adjustments for (gains) losses included in net income (loss) </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">3</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">39</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td colspan="5" style="padding: 0px; vertical-align: top;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Available-for-sale</div> securities with credit losses:</div> </td>
<td style="font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Unrealized gains (losses) arising during the period </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:AociAvailableforsaleSecuritiesWithAllowanceForCreditLossUnrealizedGainlossBeforeTax" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:AociAvailableforsaleSecuritiesWithAllowanceForCreditLossUnrealizedGainlossBeforeTax" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">11</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Reclassification adjustments for (gains) losses included in net income (loss) </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:AociAvailableForSaleSecuritiesWithAllowanceForCreditLossAdjustmentsForGainsLossesIncludedInNetIncomeLoss" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:AociAvailableForSaleSecuritiesWithAllowanceForCreditLossAdjustmentsForGainsLossesIncludedInNetIncomeLoss" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">28</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Foreign currency translation: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Foreign currency translation gains (losses) </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Instrument-specific credit risk of liabilities measured at fair value: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Unrealized gains (losses) arising during the period </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionUnrealizedGainLossArisingDuringPeriodBeforeTax" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">46</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionUnrealizedGainLossArisingDuringPeriodBeforeTax" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Reclassification adjustments for (gains) losses included in net income (loss) </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionReclassificationAdjustmentFromAociForDerecognitionBeforeTax" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">2</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionReclassificationAdjustmentFromAociForDerecognitionBeforeTax" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">4</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total other comprehensive income (loss) </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">93</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">86</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Comprehensive income (loss) </div></div></div> </td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"><div style="font-weight:bold;display:inline;">$</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:ComprehensiveIncomeNetOfTax" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">240</ix:nonFraction></div></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"><div style="font-weight:bold;display:inline;">) </div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">$</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:ComprehensiveIncomeNetOfTax" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">65</ix:nonFraction> </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The accompanying notes are an integral part of the consolidated financial statements. </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: center; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"></div> </div> </div> <div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div id="toc893688_6" style="text-align: center; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA INC. AND SUBSIDIARIES </div></div></div> <div style="text-align: center; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS&#8217; EQUITY (Unaudited) </div></div></div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(In millions except share amounts) </div></div>
<table border="0" cellpadding="0" cellspacing="0" style="margin: 12pt auto 0px; width: 100%; font-size: 10pt; border-collapse: separate; border-spacing: 0;">
<tr style="color: white; line-height: 0pt; visibility: hidden;">
<td style="width: 88%; font-family: Arial; padding: 0px;"></td>
<td style="width: 2%; font-family: Arial; padding: 0px;"></td>
<td style="font-family: Arial; padding: 0px;"></td>
<td style="white-space: nowrap; font-family: Arial;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
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<td style="width: 2%; font-family: Arial; padding: 0px;"></td>
<td style="font-family: Arial; padding: 0px;"></td>
<td style="white-space: nowrap; font-family: Arial;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td style="font-family: Arial; padding: 0px;"></td> </tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="text-align: left; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: inline-block; line-height: normal;"></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Three Months Ended March&#160;31, </div></div></div> </td>
<td style="padding-bottom: 0.5pt; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="text-align: left; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: inline-block; line-height: normal;"></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2020 </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2019 </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Common shares </div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Balance at beginning of period </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:CommonStockSharesIssued" contextRef="PAsOn12_31_2019_CommonStockMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_shares" decimals="INF" scale="0" format="ixt:numdotdecimal">283,433,401</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:CommonStockSharesIssued" contextRef="PAsOn12_31_2018_CommonStockMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_shares" decimals="INF" scale="0" format="ixt:numdotdecimal">283,625,689</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Common shares issued (cancelled), net </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Balance at end of period </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:CommonStockSharesIssued" contextRef="PAsOn03_31_2020_CommonStockMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_shares" decimals="INF" scale="0" format="ixt:numdotdecimal">283,433,401</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:CommonStockSharesIssued" contextRef="PAsOn03_31_2019_CommonStockMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_shares" decimals="INF" scale="0" format="ixt:numdotdecimal">283,625,689</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Common stock amount </div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Balance at beginning and end of period </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" contextRef="PAsOn12_31_2019_CommonStockMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">283</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" contextRef="PAsOn12_31_2018_CommonStockMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">284</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-weight:bold;display:inline;">Additional <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">paid-in</div> capital </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Balance at beginning of period </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" contextRef="PAsOn12_31_2019_AdditionalPaidInCapitalMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2,999</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" contextRef="PAsOn12_31_2018_AdditionalPaidInCapitalMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">3,025</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Period change </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:StockholdersEquityPeriodIncreaseDecrease" contextRef="P01_01_2020To03_31_2020_AdditionalPaidInCapitalMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">38</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:StockholdersEquityPeriodIncreaseDecrease" contextRef="P01_01_2019To03_31_2019_AdditionalPaidInCapitalMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">29</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Balance at end of period </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" contextRef="PAsOn03_31_2020_AdditionalPaidInCapitalMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2,961</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" contextRef="PAsOn03_31_2019_AdditionalPaidInCapitalMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2,996</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Retained earnings </div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Balance at beginning of period </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" contextRef="PAsOn12_31_2019_RetainedEarningsMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">607</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" contextRef="PAsOn12_31_2018_RetainedEarningsMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">966</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;">ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2016-13</div> transition adjustment</div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="mbi:EffectOfNewAccountingPrinciple" contextRef="P01_01_2020To03_31_2020_AccountingStandardsUpdate201613MemberusgaapAdjustmentsForNewAccountingPronouncementsAxis_RetainedEarningsMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">42</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:EffectOfNewAccountingPrinciple" contextRef="P01_01_2019To03_31_2019_AccountingStandardsUpdate201613MemberusgaapAdjustmentsForNewAccountingPronouncementsAxis_RetainedEarningsMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net income (loss) </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:NetIncomeLoss" contextRef="P01_01_2020To03_31_2020_RetainedEarningsMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">333</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:NetIncomeLoss" contextRef="P01_01_2019To03_31_2019_RetainedEarningsMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">21</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Balance at end of period </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" contextRef="PAsOn03_31_2020_RetainedEarningsMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">232</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" contextRef="PAsOn03_31_2019_RetainedEarningsMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">945</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Accumulated other comprehensive income (loss) </div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Balance at beginning of period </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" contextRef="PAsOn12_31_2019_AccumulatedOtherComprehensiveIncomeMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">2</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" contextRef="PAsOn12_31_2018_AccumulatedOtherComprehensiveIncomeMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">156</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other comprehensive income (loss) </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent" contextRef="P01_01_2020To03_31_2020_AccumulatedOtherComprehensiveIncomeMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">93</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent" contextRef="P01_01_2019To03_31_2019_AccumulatedOtherComprehensiveIncomeMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">86</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Balance at end of period </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" contextRef="PAsOn03_31_2020_AccumulatedOtherComprehensiveIncomeMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">91</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" contextRef="PAsOn03_31_2019_AccumulatedOtherComprehensiveIncomeMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">70</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Treasury shares </div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Balance at beginning of period </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:TreasuryStockShares" contextRef="PAsOn12_31_2019_TreasuryStockMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_shares" decimals="INF" scale="0" format="ixt:numdotdecimal">204,000,108</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:TreasuryStockShares" contextRef="PAsOn12_31_2018_TreasuryStockMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_shares" decimals="INF" scale="0" format="ixt:numdotdecimal">193,803,976</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Treasury shares acquired under share repurchase program </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:TreasuryStockSharesAcquired" contextRef="P01_01_2020To03_31_2020_TreasuryStockMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_shares" decimals="INF" scale="0" format="ixt:numdotdecimal">8,082,756</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:TreasuryStockSharesAcquired" contextRef="P01_01_2019To03_31_2019_TreasuryStockMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_shares" decimals="INF" scale="0" format="ixt:numdotdecimal">487,606</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:StockholdersEquityOtherShares" contextRef="P01_01_2020To03_31_2020_TreasuryStockMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_shares" decimals="INF" scale="0" format="ixt:numdotdecimal">809,869</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:StockholdersEquityOtherShares" contextRef="P01_01_2019To03_31_2019_TreasuryStockMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_shares" decimals="INF" scale="0" format="ixt:numdotdecimal">845,414</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Balance at end of period </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:TreasuryStockShares" contextRef="PAsOn03_31_2020_TreasuryStockMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_shares" decimals="INF" scale="0" format="ixt:numdotdecimal">211,272,995</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:TreasuryStockShares" contextRef="PAsOn03_31_2019_TreasuryStockMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_shares" decimals="INF" scale="0" format="ixt:numdotdecimal">193,446,168</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Treasury stock amount </div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Balance at beginning of period </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" contextRef="PAsOn12_31_2019_TreasuryStockMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">3,061</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" contextRef="PAsOn12_31_2018_TreasuryStockMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">3,000</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Treasury shares acquired under share repurchase program </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:TreasuryStockValueAcquiredCostMethod" contextRef="P01_01_2020To03_31_2020_TreasuryStockMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">65</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:TreasuryStockValueAcquiredCostMethod" contextRef="P01_01_2019To03_31_2019_TreasuryStockMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">4</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:StockholdersEquityOther" contextRef="P01_01_2020To03_31_2020_TreasuryStockMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">43</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:StockholdersEquityOther" contextRef="P01_01_2019To03_31_2019_TreasuryStockMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">37</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Balance at end of period </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" contextRef="PAsOn03_31_2020_TreasuryStockMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">3,083</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" contextRef="PAsOn03_31_2019_TreasuryStockMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">2,967</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total shareholders&#8217; equity of MBIA Inc. </div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Balance at beginning of period </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" contextRef="PAsOn12_31_2019_ParentMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">826</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" contextRef="PAsOn12_31_2018_ParentMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1,119</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Period change </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:StockholdersEquityPeriodIncreaseDecrease" contextRef="P01_01_2020To03_31_2020_ParentMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">342</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:StockholdersEquityPeriodIncreaseDecrease" contextRef="P01_01_2019To03_31_2019_ParentMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">69</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Balance at end of period </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">$</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" contextRef="PAsOn03_31_2020_ParentMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">484</ix:nonFraction> </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">$</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" contextRef="PAsOn03_31_2019_ParentMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1,188</ix:nonFraction> </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Preferred stock of subsidiary shares </div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Balance at beginning and end of period </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:PreferredStockSharesIssued" contextRef="PAsOn03_31_2020_PreferredStockMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_shares" decimals="INF" scale="0" format="ixt:numdotdecimal">1,315</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:PreferredStockSharesIssued" contextRef="PAsOn03_31_2019_PreferredStockMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_shares" decimals="INF" scale="0" format="ixt:numdotdecimal">1,315</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Preferred stock of subsidiary amount </div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Balance at beginning and end of period </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" contextRef="PAsOn03_31_2020_PreferredStockMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">13</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" contextRef="PAsOn03_31_2019_PreferredStockMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">13</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total equity </div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">$</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" contextRef="PAsOn03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">497</ix:nonFraction> </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">$</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" contextRef="PAsOn03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1,201</ix:nonFraction> </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The accompanying notes are an integral part of the consolidated financial statements. </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: center; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"></div> </div> </div> <div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div id="toc893688_7" style="text-align: center; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA INC. AND SUBSIDIARIES </div></div></div> <div style="text-align: center; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) </div></div></div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(In millions) </div></div>
<table border="0" cellpadding="0" cellspacing="0" style="margin: 12pt auto 0px; width: 100%; font-size: 10pt; border-collapse: separate; border-spacing: 0;">
<tr style="color: white; line-height: 0pt; visibility: hidden;">
<td style="width: 88%; font-family: Arial; padding: 0px;"></td>
<td style="width: 3%; font-family: Arial; padding: 0px;"></td>
<td style="font-family: Arial; padding: 0px;"></td>
<td style="white-space: nowrap; font-family: Arial;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td style="font-family: Arial; padding: 0px;"></td>
<td style="width: 3%; font-family: Arial; padding: 0px;"></td>
<td style="font-family: Arial; padding: 0px;"></td>
<td style="white-space: nowrap; font-family: Arial;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td style="font-family: Arial; padding: 0px;"></td> </tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="text-align: left; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: inline-block; line-height: normal;"></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Three&#160;Months&#160;Ended&#160;March&#160;31, </div></div></div> </td>
<td style="padding-bottom: 0.5pt; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="text-align: left; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: inline-block; line-height: normal;"></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2020 </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2019 </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Cash flows from operating activities: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Premiums, fees and reimbursements received </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:ProceedsFromInsurancePremiumsCollected" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">3</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:ProceedsFromInsurancePremiumsCollected" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">3</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investment income received </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:ProceedsFromInterestAndDividendsReceived" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">37</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:ProceedsFromInterestAndDividendsReceived" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">44</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financial guarantee losses and loss adjustment expenses paid </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:PaymentsForLossesAndLossAdjustmentExpense" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">75</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:PaymentsForLossesAndLossAdjustmentExpense" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">95</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Proceeds from recoveries and reinsurance </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:ProceedsFromReinsuranceAndRecoveries" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">10</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:ProceedsFromReinsuranceAndRecoveries" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">60</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Operating and employee related expenses paid </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:PaymentsForOtherOperatingActivities" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">34</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:PaymentsForOtherOperatingActivities" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">34</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Interest paid, net of interest converted to principal </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:InterestPaidNet" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">23</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:InterestPaidNet" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">46</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Income taxes (paid) received </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:IncomeTaxesPaidNet" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:IncomeTaxesPaidNet" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net cash provided (used) by operating activities </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:NetCashProvidedByUsedInOperatingActivities" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">82</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:NetCashProvidedByUsedInOperatingActivities" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">70</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Cash flows from investing activities: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;">Purchases of <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">available-for-sale</div> investments</div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:PaymentsToAcquireAvailableForSaleSecurities" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">242</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:PaymentsToAcquireAvailableForSaleSecurities" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">747</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;">Sales of <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">available-for-sale</div> investments</div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:ProceedsFromSaleOfAvailableForSaleSecurities" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">279</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:ProceedsFromSaleOfAvailableForSaleSecurities" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">683</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;">Paydowns and maturities of <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">available-for-sale</div> investments</div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">123</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">234</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Purchases of investments at fair value </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:PaymentsToAcquireTradingSecuritiesHeldforinvestment" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">33</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:PaymentsToAcquireTradingSecuritiesHeldforinvestment" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">69</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Sales, paydowns, maturities and other proceeds of investments at fair value </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:ProceedsFromSaleOfTradingSecuritiesHeldforinvestment" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">34</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:ProceedsFromSaleOfTradingSecuritiesHeldforinvestment" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">122</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Sales, paydowns and maturities (purchases) of short-term investments, net </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:PaymentsForProceedsFromShortTermInvestments" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">178</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:PaymentsForProceedsFromShortTermInvestments" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">154</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;">Sales, paydowns and maturities of <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">held-to-maturity</div> investments</div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:ProceedsFromMaturitiesRepaymentsAndCallsOfTradingSecuritiesHeldforinvestment" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">315</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:ProceedsFromMaturitiesRepaymentsAndCallsOfTradingSecuritiesHeldforinvestment" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Paydowns and maturities of loans receivable </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:ProceedsFromSaleAndCollectionOfLoansReceivable" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">3</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:ProceedsFromSaleAndCollectionOfLoansReceivable" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">7</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Consolidation of variable interest entities </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:ProceedsFromConsolidationOfVariableInterestEntity" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:ProceedsFromConsolidationOfVariableInterestEntity" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">72</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(Payments) proceeds for derivative settlements </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:PaymentsForProceedsFromDerivativeInstrumentInvestingActivities" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">3</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:PaymentsForProceedsFromDerivativeInstrumentInvestingActivities" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">11</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Collateral (to) from counterparties </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:IncreaseDecreaseCashCollateralFromCounterparties" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">44</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:IncreaseDecreaseCashCollateralFromCounterparties" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">9</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net cash provided (used) by investing activities </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:NetCashProvidedByUsedInInvestingActivities" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">610</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:NetCashProvidedByUsedInInvestingActivities" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">128</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Cash flows from financing activities: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Proceeds from investment agreements </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:ProceedsFromIssuanceOfOtherLongTermDebt" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">3</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:ProceedsFromIssuanceOfOtherLongTermDebt" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">3</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Principal paydowns of investment agreements </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:RepaymentsOfOtherLongTermDebt" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">12</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:RepaymentsOfOtherLongTermDebt" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Principal paydowns of variable interest entity notes </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:RepaymentsOfNotesPayable" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">323</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:RepaymentsOfNotesPayable" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">168</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Purchases of treasury stock </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:PaymentsForRepurchaseOfCommonStock" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">62</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:PaymentsForRepurchaseOfCommonStock" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">10</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net cash provided (used) by financing activities </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:NetCashProvidedByUsedInFinancingActivities" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">394</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:NetCashProvidedByUsedInFinancingActivities" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">175</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net increase (decrease) in cash and cash equivalents </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">134</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">117</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Cash and cash equivalents - beginning of period </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:CashAndCashEquivalentsAtCarryingValue" contextRef="PAsOn12_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">83</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:CashAndCashEquivalentsAtCarryingValue" contextRef="PAsOn12_31_2018" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">280</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Cash and cash equivalents - end of period </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:CashAndCashEquivalentsAtCarryingValue" contextRef="PAsOn03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">217</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:CashAndCashEquivalentsAtCarryingValue" contextRef="PAsOn03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">163</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Reconciliation of net income (loss) to net cash provided (used) by operating activities: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net income (loss) </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:NetIncomeLoss" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">333</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:NetIncomeLoss" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">21</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Change in: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 4em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Premiums receivable </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:IncreaseDecreaseInPremiumsReceivable" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">1</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:IncreaseDecreaseInPremiumsReceivable" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">22</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 4em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Deferred acquisition costs </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:IncreaseDecreaseInDeferredPolicyAcquisitionCosts" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">2</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:IncreaseDecreaseInDeferredPolicyAcquisitionCosts" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">3</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 4em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Unearned premium revenue </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:IncreaseDecreaseInUnearnedPremiums" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">19</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:IncreaseDecreaseInUnearnedPremiums" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">43</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 4em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Loss and loss adjustment expense reserves </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">84</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">58</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 4em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Insurance loss recoverable </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:IncreaseDecreaseInInsuranceLossRecoverable" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">86</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="mbi:IncreaseDecreaseInInsuranceLossRecoverable" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">20</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 4em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Accrued interest payable </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:IncreaseDecreaseInInterestPayableNet" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">35</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:IncreaseDecreaseInInterestPayableNet" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">30</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 4em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Accrued expenses </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:IncreaseDecreaseInAccruedLiabilities" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">19</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:IncreaseDecreaseInAccruedLiabilities" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">11</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net investment losses related to other-than-temporary impairments </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:NetOtherThanTemporaryImpairments" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:NetOtherThanTemporaryImpairments" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">28</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Unrealized (gains) losses on insured derivatives </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:UnrealizedGainLossOnDerivatives" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:UnrealizedGainLossOnDerivatives" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">14</ix:nonFraction></div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net (gains) losses on financial instruments at fair value and foreign exchange </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:IncreaseDecreaseInNetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">48</ix:nonFraction> </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="mbi:IncreaseDecreaseInNetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">40</ix:nonFraction></div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:IncreaseDecreaseInOtherNetRealizedGainsLosses" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">41</ix:nonFraction> </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other operating </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:OtherNoncashIncomeExpense" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">13</ix:nonFraction> </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total adjustments to net income (loss) </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">251</ix:nonFraction> </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">49</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
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<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 4em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net cash provided (used) by operating activities </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:NetCashProvidedByUsedInOperatingActivities" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">82</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
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<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The accompanying notes are an integral part of the consolidated financial statements. </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"></div> </div> </div> <div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div id="toc893688_8" style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Inc. and Subsidiaries </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Notes to Consolidated Financial Statements (Unaudited) </div></div></div> <ix:nonNumeric name="us-gaap:NatureOfOperations" contextRef="P01_01_2020To03_31_2020" escape="true" continuedAt="TextSelection_12965946"><div id="toc893688_9" style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 12pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 1: Business Developments and Risks and Uncertainties </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Summary </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Inc., together with its consolidated subsidiaries, (collectively, &#8220;MBIA&#8221; or the &#8220;Company&#8221;) operates within the financial guarantee insurance industry. MBIA manages three operating segments: 1) United States (&#8220;U.S.&#8221;) public finance insurance; 2) corporate; and 3) international and structured finance insurance. The Company&#8217;s U.S. public finance insurance business is managed through National Public Finance Guarantee Corporation (&#8220;National&#8221;), the corporate segment is operated through MBIA Inc. and several of its subsidiaries, including its service company, MBIA Services Corporation (&#8220;MBIA Services&#8221;) and its international and structured finance insurance business is primarily operated through MBIA Insurance Corporation and its subsidiaries (&#8220;MBIA Corp.&#8221;). </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Refer to &#8220;Note 10: Business Segments&#8221; for further information about the Company&#8217;s operating segments. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Business Developments </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Puerto Rico </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On January&#160;1, 2020, the Commonwealth of Puerto Rico and certain of its instrumentalities (&#8220;Puerto Rico&#8221;) defaulted on scheduled debt service for National insured bonds and National paid gross claims in the aggregate of $<ix:nonFraction name="mbi:ClaimPayments" contextRef="P01_01_2020To01_01_2020_PRsrtStatementGeographicalAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">59</ix:nonFraction>&#160;million. As of March&#160;31, 2020, National had $<ix:nonFraction name="mbi:OutstandingBonds" contextRef="PAsOn03_31_2020_PRsrtStatementGeographicalAxis" unitRef="Unit_USD" decimals="-8" scale="9" format="ixt:numdotdecimal">3.3</ix:nonFraction>&#160;billion of debt service outstanding related to Puerto Rico. Refer to the &#8220;Risks and Uncertainties&#8221; section below for additional information on the Company&#8217;s Puerto Rico exposures. </div></div> <div style="text-align: left; text-indent: 0%; font-family: Arial; font-size: 10pt; text-decoration: none; margin-top: 18pt; margin-bottom: 0px; margin-left: 0%;"><div style="text-decoration:underline;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">PREPA RSA </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">In September of 2019, National agreed to join the restructuring support agreement, as amended (&#8220;RSA&#8221;), with the Puerto Rico Electric Power Authority (&#8220;PREPA&#8221;), other monoline insurers, a group of uninsured PREPA bondholders, Puerto Rico, and the Financial Oversight and Management Board for Puerto Rico (the &#8220;Oversight Board&#8221;). The Rule 9019 hearing to approve the RSA has been delayed several times, and most recently was adjourned due to the outbreak of the novel coronavirus <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19</div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">(&#8220;COVID-19&#8221;)</div> until further notice. The Oversight Board and the Commonwealth have been ordered to submit a status report to the Title III court on May&#160;15, 2020. The debt restructuring contemplated by the RSA will not be effective until (i)&#160;confirmation of a plan of adjustment under the Puerto Rico Oversight, Management and Economic Stability Act (&#8220;PROMESA&#8221;), (ii) negotiation and consummation of definitive documentation and legal opinions, (iii)&#160;enactment and implementation of supportive Puerto Rico legislation and (iv)&#160;receipt of Puerto Rico regulatory approval, each of which outcome is uncertain and subject to varying degrees of risk.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Risks and Uncertainties </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company&#8217;s financial statements include estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses. The outcome of certain significant risks and uncertainties could cause the Company to revise its estimates and assumptions or could cause actual results to differ materially from the Company&#8217;s estimates. The discussion below highlights the significant risks and uncertainties that could have a material effect on the Company&#8217;s financial statements and business objectives in future periods. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19 </div> </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19,</div> a respiratory disease caused by a new strain of coronavirus, was declared a pandemic by the World Health Organization in March of 2020 and has spread globally. The pandemic has affected a wide range of economic activities, as well as domestic and global business and financial markets. The outbreak and its attendant governmental policy and social responses are evolving rapidly. Many states and municipalities have enacted various quarantining and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">&#8220;shelter-in-place&#8221;</div> regulations which severely limit economic activity and travel. The Company continues to perform all of its traditional operations, including surveilling and, as necessary, remediating, the credits in its insured portfolios.</div></ix:nonNumeric> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Inc. and Subsidiaries </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Notes to Consolidated Financial Statements (Unaudited) </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;">Note 1: Business Developments and Risks and Uncertainties</div> (continued) </div></div> <div style="margin-top: 6pt; margin-bottom: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <ix:continuation id="TextSelection_12965946" continuedAt="TextSelectionAppend_12965946_1"> <div style="text-align: left; text-indent: 0%; font-family: Arial; font-size: 10pt; text-decoration: none; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0%;"><div style="text-decoration:underline;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Insured portfolios </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">At this time it is not possible to comprehensively quantify the financial impact of the pandemic on the Company&#8217;s operating insurance companies&#8217; overall insured portfolios, or to account for the impact of the outbreak on most of the specific credits within those portfolios, due to, in part, challenges in determining whether and to what extent the underlying credits will be able or willing to continue to meet their debt service obligations or avoid long term impairment in this environment. Adverse impacts on macroeconomic factors resulting from the spread of <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19,</div> including without limitation reduced economic activity and certainty, increased unemployment, increased loan defaults or delinquencies, and increased stress on municipal budgets, including due to reduced tax revenues and the ability to raise taxes or limit spending, could materially and adversely affect the performance of the Company&#8217;s insured portfolios. The impact of the pandemic on National&#8217;s financial guarantee credits is likely to vary based on the nature of the taxes, fees and revenues pledged to debt repayment and their sensitivity to the related slowdown in economic activity. Several of the credits within National&#8217;s insured portfolio have made public pronouncements that the pandemic has had an impact on their economic status, without yet providing any specific quantification of the impact. The duration of the pandemic, the availability of federal aid to state and local governments, and the breadth and speed of economic recovery may all contribute to the ultimate degree and length of the economic stress incurred by the credits in National&#8217;s and MBIA Corp.&#8217;s insured portfolios. Further, any national recession that may result from the pandemic and its aftermath could present additional but yet unknown credit risks to National&#8217;s and MBIA Corp.&#8217;s insured portfolios.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Federal legislation passed to combat the economic impact of the pandemic, principally the $<ix:nonFraction name="mbi:FederalLegislationPassedToCombatTheEconomicImpact" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-11" scale="12" format="ixt:numdotdecimal">2.2</ix:nonFraction> trillion Coronavirus Aid, Relief, and Economic Security (&#8220;CARES&#8221;) Act, and an additional nearly $<ix:nonFraction name="mbi:ReliefFundApprovedByCongressAndPresident" contextRef="PAsOn03_31_2020" unitRef="Unit_USD" decimals="-9" scale="9" format="ixt:numdotdecimal">500</ix:nonFraction>&#160;billion approved by Congress and the President in late April of 2020, included significant aid to public sector issuers including states, territories, healthcare, higher education and transportation issuers. In addition, the Federal Reserve has announced several actions in furtherance of its mandate from Congress to promote the stability of the financial system that are directly supportive of the municipal market. It is premature to assess whether these or any subsequent federal responses will prevent or reduce financial distress in the municipal sector. If the issuers of the obligations in National&#8217;s insured portfolio, including Puerto Rico, are unable to raise taxes, reduce spending, or receive federal assistance, the Company may experience new or additional losses or impairments on those obligations, which could materially and adversely affect its business, financial condition and financial results. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Certain of MBIA Corp.&#8217;s structured finance policies, including those in which the underlying principal obligations are comprised of residential or commercial mortgages and mortgage-backed securities (&#8220;MBS&#8221;), could be negatively impacted by delays or failures of borrowers to make payments of principal and interest when due, or delays or moratoriums on foreclosures or enforcement actions with respect to delinquent or defaulted mortgages imposed by governmental authorities. MBIA Corp. has recorded significant loss reserves on its residential mortgage-backed securities (&#8220;RMBS&#8221;) and collateralized debt obligations (&#8220;CDO&#8221;) exposures, and there can be no assurance that these reserves will be sufficient if the pandemic causes further deterioration to the economy. These transactions are also subject to servicer risks, which relate to problems with the transaction&#8217;s servicer that could adversely impact performance of the underlying assets. Additionally, several of the Company&#8217;s credits, particularly within its international public finance sector, feature large, near term debt-service payments, and there can be no assurance that the liquidity position of MBIA Corp. will enable it to satisfy any claims that arise if the issuers of such credits are unable or unwilling to refinance or repay their obligations. MBIA Corp. has recorded substantial expected recoveries on certain RMBS transactions, and the forbearance options available under the CARES Act for mortgage borrowers who are facing financial difficulties, may delay or impair collections on these recoveries. </div></div> <div style="text-align: left; text-indent: 0%; font-family: Arial; font-size: 10pt; text-decoration: none; margin-top: 18pt; margin-bottom: 0px; margin-left: 0%;"><div style="text-decoration:underline;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Liquidity </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The Company continues to monitor its cash and liquid asset resources using cash forecasting and stress-scenario testing. Members of the Company&#8217;s senior management meet regularly to review liquidity metrics, discuss contingency plans and establish target liquidity levels. It remains premature to predict the full impact the pandemic may have on the Company&#8217;s future liquidity position and needs. Declines in the market value or rating eligibility of assets pledged against the Company&#8217;s obligations as a result of credit market deterioration caused by <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19</div> require additional eligible assets to be pledged in order to meet minimum required collateral amounts against these obligations. This could require the Company to sell assets, potentially with substantial losses or use free cash or other assets to meet the collateral requirements, thus negatively impacting the Company&#8217;s liquidity position. Associated declines in the yields in its insurance companies&#8217; fixed-income portfolios could materially impact investment income.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">U.S. Public Finance Market Conditions </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">National continues to monitor and remediate its existing insured portfolio and may also pursue strategic alternatives that could enhance shareholder value. Certain state and local governments and territory obligors that National insures are under financial and budgetary stress. This could lead to an increase in defaults by such entities on the payment of their obligations and losses or impairments on a greater number of National&#8217;s insured transactions. National monitors and analyzes these situations and other stressed credits closely, and the overall extent and duration of this stress is uncertain. </div></div> </ix:continuation> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"></div> </div> </div> <div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Inc. and Subsidiaries </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Notes to Consolidated Financial Statements (Unaudited) </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;">Note 1: Business Developments and Risks and Uncertainties</div> (continued) </div></div> <div style="margin-top: 6pt; margin-bottom: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <ix:continuation id="TextSelectionAppend_12965946_1" continuedAt="TextSelectionAppend_12965946_2"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Puerto Rico had been experiencing significant fiscal stress and constrained liquidity, and in response, the U.S. Congress passed PROMESA, which established an independent Oversight Board vested with the sole power to certify fiscal plans for Puerto Rico. Any current proposed or contemplated plan, including any revisions thereto, can provide no assurance that National will fully recover past amounts paid or future amounts that may be covered under its insurance policies. In addition, the extent and duration of any federal aid that may be offered to Puerto Rico is inherently uncertain, and the necessary and greater involvement of the federal government, through its actions to deliver disaster relief and other support services, in addition to the role of the Oversight Board and the role of Puerto Rico in its own recovery, heightens political risk in connection with the restructuring of legacy debt. This risk could lead the Oversight Board, Puerto Rico or the federal government to seek to extract greater concessions from creditors based on the uncertainty of Puerto Rico&#8217;s long term recovery prospects. In this event, losses at National on select Puerto Rico exposures could increase materially. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Corp. Insured Portfolio </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Corp.&#8217;s primary objectives are to satisfy all claims by its policyholders and to maximize future recoveries, if any, for its senior lending and surplus note holders, and then its preferred stock holders. MBIA Corp. is executing this strategy by, among other things, pursuing various actions focused on maximizing the collection of recoveries and by reducing potential losses on its insurance exposures. MBIA Corp.&#8217;s insured portfolio performance could deteriorate and result in additional significant loss reserves and claim payments. MBIA Corp.&#8217;s ability to meet its obligations is limited by available liquidity and its ability to secure additional liquidity through financing and other transactions. There can be no assurance that MBIA Corp. will be successful in generating sufficient resources to meet its obligations. </div></div> <div style="text-align: left; text-indent: 0%; font-family: Arial; font-size: 10pt; text-decoration: none; margin-top: 18pt; margin-bottom: 0px; margin-left: 0%;"><div style="text-decoration:underline;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Zohar and RMBS Recoveries </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">Payment of claims on MBIA Corp.&#8217;s policies insuring the Class<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">&#160;A-1</div> and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">A-2</div> notes issued by Zohar CDO <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2003-1,</div> Limited (&#8220;Zohar I&#8221;) and Zohar II <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2005-1,</div> Limited (&#8220;Zohar II&#8221;), entitles MBIA Corp. to reimbursement of such amounts plus interest and expenses and/or to exercise certain rights and remedies to seek recovery of such amounts. MBIA Corp. anticipates that the primary source of the recoveries will come from the monetization of the assets of Zohar I and Zohar II (the &#8220;Zohar Assets&#8221;), which include, among other things, loans made to, and equity interests in, companies that, until late March 2020, were purportedly controlled and managed by the sponsor and former collateral manager of Zohar I and Zohar II (the &#8220;Zohar Sponsor&#8221;). In late March 2020, the Zohar Sponsor resigned as director and manager of all but one portfolio company, and Zohar I and Zohar II have nominated or elected, or are in talks regarding the engagement of, new directors and managers at these portfolio companies, although the Zohar Sponsor may continue to serve in some capacity at select portfolio companies until a replacement is put in place. There can be no assurance that the monetization of the Zohar Assets will yield amounts sufficient to permit MBIA Corp. to recover a substantial portion of the payments it made on Zohar I and Zohar II. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Corp. also projects to collect excess spread from insured RMBS, and to recover proceeds from Credit Suisse Securities (USA) LLC and DLJ Mortgage Capital, Inc. (collectively, &#8220;Credit Suisse&#8221;) arising from its failure to repurchase ineligible loans that were included in a Credit Suisse sponsored RMBS transaction. However, the amount and timing of these recoveries and collections are uncertain. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Failure to collect its expected recoveries could impede MBIA Corp.&#8217;s ability to make payments when due on other policies. MBIA Corp. believes that if the New York State Department of Financial Services (&#8220;NYSDFS&#8221;) concludes at any time that MBIA Insurance Corporation will not be able to pay its policyholder claims, the NYSDFS would likely put MBIA Insurance Corporation into a rehabilitation or liquidation proceeding under Article 74 of the New York Insurance Law (&#8220;NYIL&#8221;) and/or take such other actions as the NYSDFS may deem necessary to protect the interests of MBIA Insurance Corporation&#8217;s policyholders. The determination to commence such a proceeding or take other such actions is within the exclusive control of the NYSDFS. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Given the separation of MBIA Inc. and MBIA Corp. as distinct legal entities, the absence of any cross defaults between the entities and the lack of reliance by MBIA Inc. on MBIA Corp. for dividends, the Company does not believe that a rehabilitation or liquidation proceeding with respect to MBIA Insurance Corporation would have any significant liquidity impact on MBIA Inc. Such a proceeding could have material adverse consequences for MBIA Corp., including the termination of insured credit default swaps (&#8220;CDS&#8221;) and other derivative contracts for which counterparties may assert market-based claims, the acceleration of debt obligations issued by affiliates and insured by MBIA Corp., the loss of control of MBIA Insurance Corporation to a rehabilitator or liquidator, and unplanned costs. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Refer to &#8220;Note 5: Loss and Loss Adjustment Expense Reserves&#8221; for additional information about MBIA Corp.&#8217;s recoveries. </div></div> </ix:continuation> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Inc. and Subsidiaries </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Notes to Consolidated Financial Statements (Unaudited) </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;">Note 1: Business Developments and Risks and Uncertainties</div> (continued) </div></div> <div style="margin-top: 6pt; margin-bottom: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <ix:continuation id="TextSelectionAppend_12965946_2"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Corporate Liquidity </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Based on the Company&#8217;s projections of National&#8217;s dividends and other cash inflows, including potential additional releases under its tax sharing agreement and related tax escrow account (&#8220;Tax Escrow Account&#8221;), the Company expects that MBIA Inc. will have sufficient cash to satisfy its debt service and general corporate needs. However, MBIA Inc. continues to have liquidity risk that could be caused by interruption of or reduction in dividends or tax payments received from operating subsidiaries, deterioration in the performance of invested assets, impaired access to the capital markets, as well as other factors, which are not anticipated at this time. Furthermore, failure by MBIA Inc. to settle liabilities that are insured by MBIA Corp. could result in claims on MBIA Corp. </div></div> </ix:continuation><ix:nonNumeric name="us-gaap:SignificantAccountingPoliciesTextBlock" contextRef="P01_01_2020To03_31_2020" escape="true" continuedAt="TextSelection_12965947"><div id="toc893688_10" style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 2: Significant Accounting Policies </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The Company has disclosed its significant accounting policies in &#8220;Note 2: Significant Accounting Policies&#8221; in the Notes to Consolidated Financial Statements included in the Company&#8217;s Annual Report on Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">10-K</div> for the year ended December&#160;31, 2019. The following significant accounting policies provide an update to those included in the Company&#8217;s Annual Report on Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">10-K. </div></div> <ix:nonNumeric name="us-gaap:BasisOfAccountingPolicyPolicyTextBlock" contextRef="P01_01_2020To03_31_2020" escape="true"><div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Basis of Presentation </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The accompanying unaudited consolidated financial statements have been prepared in accordance with the instructions to Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">10-Q</div> and Article 10 of Regulation <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">S-X</div> and, accordingly, do not include all of the information and disclosures required by accounting principles generally accepted in the United States of America (&#8220;GAAP&#8221;) for annual periods. These statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Annual Report on Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">10-K</div> for the year ended December&#160;31, 2019. The accompanying consolidated financial statements have not been audited by an independent registered public accounting firm in accordance with the standards of the Public Company Accounting Oversight Board (U.S.), but in the opinion of management such financial statements include all adjustments, consisting only of normal recurring adjustments, necessary for the fair statement of the Company&#8217;s consolidated financial position and results of operations. All material intercompany balances and transactions have been eliminated.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. As additional information becomes available or actual amounts become determinable, the recorded estimates are revised and reflected in operating results. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The results of operations for the three months ended March&#160;31, 2020 may not be indicative of the results that may be expected for the year ending December&#160;31, 2020. The December&#160;31, 2019 consolidated balance sheet was derived from audited financial statements, but does not include all disclosures required by GAAP for annual periods. </div></div></ix:nonNumeric><ix:nonNumeric name="us-gaap:InvestmentPolicyTextBlock" contextRef="P01_01_2020To03_31_2020" escape="true" continuedAt="TextSelection_12967588"><div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The Company classifies its investments as <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">available-for-sale</div> (&#8220;AFS&#8221;), <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">held-to-maturity</div> (&#8220;HTM&#8221;), or trading. AFS investments are reported in the consolidated balance sheets at fair value with <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-credit</div> related unrealized gains and losses, net of applicable deferred income taxes, reflected in accumulated other comprehensive income (loss) (&#8220;AOCI&#8221;) in shareholders&#8217; equity. The specific identification method is used to determine realized gains and losses on AFS securities. HTM investments, for which the Company has the ability and intent to hold such investments to maturity, are reported in the consolidated balance sheets at amortized cost. Investments carried at fair value consist of equity instruments, and certain investments elected under the fair value option, or classified as trading. Short-term investments held as AFS include all fixed-maturity securities with a remaining maturity of less than one year at the date of purchase, commercial paper and money market securities. Changes in fair value of investments carried at fair value and realized gains and losses from the sale of investment securities are reflected in earnings as part of &#8220;Net gains (losses) on financial instruments at fair value and foreign exchange&#8221; on the Company&#8217;s consolidated statements of operations.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investment income is recorded as earned which includes the current period interest accruals deemed collectible. Accrued interest income is recorded as part of &#8220;Other assets&#8221; on the Company&#8217;s consolidated balance sheets. Bond discounts and premiums are amortized using the effective yield method over the remaining term of the securities and reported in &#8220;Net investment income&#8221; on the Company&#8217;s consolidated statements of operations. However, premiums on certain callable debt securities are amortized to the earliest call date. For MBS and asset-backed securities (&#8220;ABS&#8221;), discounts and premiums are amortized using the retrospective or prospective method. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Effective January&#160;1, 2020, accrued interest income on debt securities is not assessed for credit losses as the Company reverses any past due accrued interest income and charges it against net investment income. Interest income is subsequently recognized to the extent cash is received. </div></div></ix:nonNumeric></ix:nonNumeric> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"></div> </div> </div> <div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Inc. and Subsidiaries </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Notes to Consolidated Financial Statements (Unaudited) </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 2: Significant Accounting Policies (continued) </div></div></div> <div style="margin-top: 6pt; margin-bottom: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <ix:continuation id="TextSelection_12965947"><ix:continuation id="TextSelection_12967588"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Credit Losses on Debt Securities </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">For AFS debt securities, the Company&#8217;s consolidated statements of operations reflect the full impairment (the difference between a security&#8217;s amortized cost basis and fair value) if the Company intends to sell or would more likely than not be required to sell before the expected recovery of the amortized cost basis. For AFS debt securities in an unrealized loss position and HTM debt securities that the Company has the intent and ability to hold, the securities are evaluated on a quarterly basis to determine if a credit loss exists. The Company considers a credit loss exists when the Company does not expect to recover the entire amortized cost basis of the debt security. The Company measures the allowance for credit loss on a <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">security-by-security</div> basis as the difference between the recorded investment and the present value of the cash flows expected to be collected, discounted at the instrument&#8217;s effective interest rate. In the event of a credit loss, only the amount of impairment associated with the credit loss is recognized in income and reflected in earnings as part of &#8220;Other net realized gains (losses)&#8221; on the Company&#8217;s statements of operations.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Effective January&#160;1, 2020, the Company no longer records impairment for credit losses as adjustments to the amortized cost of the debt securities, but rather records an allowance for credit loss. For AFS debt securities, adjustments to the amortized cost basis are recorded if there is an intent to sell before recovery from impairment. For debt securities with an allowance for credit loss, changes in credit losses including accretion of the allowance for credit losses are recognized through other net realized gains (losses) as discussed above. </div></div> </ix:continuation><ix:nonNumeric name="us-gaap:InsurancePremiumsRevenueRecognitionPolicy" contextRef="P01_01_2020To03_31_2020" escape="true"><div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financial Guarantee Insurance Premiums </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The Company has disclosed its financial guarantee insurance premiums in &#8220;Note 2: Significant Accounting Policies&#8221; and &#8220;Note: 5 Insurance Premiums&#8221; in the Notes to Consolidated Financial Statements included in the Company&#8217;s Annual Report on Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">10-K</div> for the year ended December&#160;31, 2019. Below is an update on the Company&#8217;s premium receivables accounting policy.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Credit Losses on Premium Receivables </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company evaluates the collectability of outstanding premium receivables on a quarterly basis and measures any allowance for credit losses as the difference between the receivable amounts compared to the projected net present value of premiums expected to be collected, discounted at the effective interest rate which is the risk-free rate for the insurance contracts. The estimation of the allowance for credit losses involves substantial judgment, requires forecasting cash flows, and incorporates any historical experience of uncollectible balances, future performance of the transaction&#8217;s underlying assets, certain macro-economic factors and each transaction&#8217;s liability structure, including the seniority of premium payments to the Company. </div></div></div> <div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></ix:nonNumeric> </ix:continuation><ix:nonNumeric name="us-gaap:NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock" contextRef="P01_01_2020To03_31_2020" escape="true" continuedAt="TextSelection_12965931"><div id="toc893688_11" style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 3: Recent Accounting Pronouncements </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Recently Adopted Accounting Standards </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;">Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2016-13) </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">In June of 2016, the Financial Accounting Standards Board (&#8220;FASB&#8221;) issued Accounting Standards Update (&#8220;ASU&#8221;) <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2016-13,</div> &#8220;Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.&#8221; ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2016-13</div> requires financing receivables and other financial assets measured at amortized cost to be presented at the net amount expected to be collected by recording an allowance for credit losses with changes in the allowance recorded as credit loss expense or a reversal of credit loss expense based on management&#8217;s current estimate of expected credit losses each period. ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2016-13</div> does not apply to credit losses on financial guarantee insurance contracts within the scope of Accounting Standards Codification Topic 944, &#8220;Financial Services-Insurance.&#8221; ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2016-13</div> also makes targeted amendments to the current impairment model for AFS debt securities, which include requiring the recognition of an allowance rather than a direct write-down of the investment&#8217;s cost basis. An allowance on an AFS investment may be reversed in the event that the credit quality of the issuer improves. The new guidance also replaces the model for purchased credit impaired debt securities and requires the establishment of an allowance for credit losses at acquisition of such securities by grossing up the purchase price when recording the initial amortized cost. ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2016-13</div> is effective for interim and annual periods beginning January&#160;1, 2020 with early adoption permitted beginning January&#160;1, 2019. ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2016-13</div> is applied on a modified retrospective basis except that prospective application is applied to AFS debt securities with other-than-temporary impairments (&#8220;OTTI&#8221;) recognized before the date of adoption. </div></div></ix:nonNumeric> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">10</div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Inc. and Subsidiaries </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Notes to Consolidated Financial Statements (Unaudited) </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 3: Recent Accounting Pronouncements (continued) </div></div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <ix:continuation id="TextSelection_12965931"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">The Company adopted ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2016-13</div> in its entirety as of January&#160;1, 2020. For financial assets held by the Company and measured at amortized cost, which primarily include HTM debt securities, premiums receivable, accrued investment income and reinsurance recoverables, the Company&#8217;s aggregate cumulative-effect adjustment, net of tax, related to allowances for credit losses as of the date of adoption was a $<ix:nonFraction name="us-gaap:CumulativeEffectOnRetainedEarningsNetOfTax1" contextRef="P01_01_2020To01_01_2020_AccountingStandardsUpdate201613MemberusgaapProspectiveAdoptionOfNewAccountingPronouncementsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">42</ix:nonFraction>&#160;million reduction in retained earnings. In addition, the Company updated its models and implemented or modified processes and controls necessary for the proper identification, measurement and recording of expected credit losses on financial assets within the scope of ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2016-13. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;">Fair Value Measurement (Topic 820): Disclosure Framework&#8212;Changes to the Disclosure Requirements for Fair Value Measurement (ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2018-13) </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">In August of 2018, the FASB issued ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2018-13,</div> &#8220;Fair Value Measurement (Topic 820): Disclosure Framework&#8212;Changes to the Disclosure Requirements for Fair Value Measurement.&#8221; ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2018-13</div> modifies the disclosure requirements on fair value measurements. ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2018-13</div> was effective for interim and annual periods beginning January&#160;1, 2020 with early adoption permitted to remove or modify disclosures upon issuance of the standard and delay adoption of the additional disclosures until the effective date. Since the amendments of ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2018-13</div> only impact disclosure requirements, the adoption of ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2018-13</div> did not impact the Company&#8217;s consolidated financial statements. The Company adopted the amendments of ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2018-13</div> in its entirety as of January&#160;1, 2020. The adoption of ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2018-13</div> only impacted the fair value disclosures within the Company&#8217;s consolidated financial statements and did not impact amounts reported on the Company&#8217;s balance sheet, statement of operations, statement of comprehensive income or statement of cash flows.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;">Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2019-12) </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">As previously disclosed in the Company&#8217;s Annual Report on Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">10-K</div> for the year ended December&#160;31, 2019, in the fourth quarter of 2019, the Company adopted ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2019-12,</div> &#8220;Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes&#8221; as of January&#160;1, 2019. As a result of adopting ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2019-12,</div> the Company revised its previously reported amounts for the first quarter of 2019. For the three months ended March&#160;31, 2019, the Company previously reported an income tax benefit and a net loss of $<ix:nonFraction name="us-gaap:IncomeTaxExpenseBenefit" contextRef="P01_01_2019To03_31_2019_ScenarioPreviouslyReportedMembersrtRestatementAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">2</ix:nonFraction>&#160;million and $<ix:nonFraction name="us-gaap:NetIncomeLoss" contextRef="P01_01_2019To03_31_2019_ScenarioPreviouslyReportedMembersrtRestatementAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">17</ix:nonFraction>&#160;million, respectively, which were revised to an income tax provision and a net loss of $<ix:nonFraction name="us-gaap:IncomeTaxExpenseBenefit" contextRef="P01_01_2019To03_31_2019_AccountingStandardsUpdate201912MemberusgaapProspectiveAdoptionOfNewAccountingPronouncementsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2</ix:nonFraction>&#160;million and $<ix:nonFraction name="us-gaap:NetIncomeLoss" contextRef="P01_01_2019To03_31_2019_AccountingStandardsUpdate201912MemberusgaapProspectiveAdoptionOfNewAccountingPronouncementsAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">21</ix:nonFraction>&#160;million, respectively. In addition, for the three months ended March&#160;31, 2019, the Company previously reported a net loss per basic and diluted common share of $<ix:nonFraction name="us-gaap:EarningsPerShareBasicAndDiluted" contextRef="P01_01_2019To03_31_2019_ScenarioPreviouslyReportedMembersrtRestatementAxis" unitRef="Unit_USD_per_Share" decimals="2" scale="0" sign="-" format="ixt:numdotdecimal">0.20</ix:nonFraction> which was revised to $<ix:nonFraction name="us-gaap:EarningsPerShareBasicAndDiluted" contextRef="P01_01_2019To03_31_2019_AccountingStandardsUpdate201912MemberusgaapProspectiveAdoptionOfNewAccountingPronouncementsAxis" unitRef="Unit_USD_per_Share" decimals="2" scale="0" sign="-" format="ixt:numdotdecimal">0.24</ix:nonFraction> net loss per basic and diluted common share. There was no impact to the Company&#8217;s consolidated shareholders&#8217; equity.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company has not adopted any other new accounting pronouncements that had a material impact on its consolidated financial statements. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Recent Accounting Developments </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;">Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting (ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2020-04) </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">In March of 2020, the FASB issued ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2020-04,</div> &#8220;Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.&#8221; ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2020-04</div> provides optional expedients and exceptions for applying GAAP to contract modifications and hedging relationships, subject to meeting certain criteria that reference London Interbank Offered Rate (&#8220;LIBOR&#8221;) and another rate that is expected to be discontinued. ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2020-04</div> is effective as of March&#160;12, 2020 through December&#160;31, 2022. The Company is evaluating the impact of adopting ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2020-04. </div></div> </ix:continuation> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">11</div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"></div> </div> </div> <div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Inc. and Subsidiaries</div> </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Notes to Consolidated Financial Statements (Unaudited)</div></div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <ix:nonNumeric name="us-gaap:ScheduleOfVariableInterestEntitiesTextBlock" contextRef="P01_01_2020To03_31_2020" escape="true" continuedAt="TextSelection_12965934"><div id="toc893688_12" style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 4: Variable Interest Entities </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Primarily through MBIA&#8217;s international and structured finance insurance segment, the Company provides credit protection to issuers of obligations that may involve issuer-sponsored special purpose entities (&#8220;SPEs&#8221;). An SPE may be considered a variable interest entity (&#8220;VIE&#8221;) to the extent the SPE&#8217;s total equity at risk is not sufficient to permit the SPE to finance its activities without additional subordinated financial support or its equity investors lack any one of the following characteristics: (i)&#160;the power to direct the activities of the SPE that most significantly impact the entity&#8217;s economic performance or (ii)&#160;the obligation to absorb the expected losses of the entity or the right to receive the expected residual returns of the entity. A holder of a variable interest or interests in a VIE is required to assess whether it has a controlling financial interest, and thus is required to consolidate the entity as primary beneficiary. An assessment of a controlling financial interest identifies the primary beneficiary as the variable interest holder that has both of the following characteristics: (i)&#160;the power to direct the activities of the VIE that most significantly impact the entity&#8217;s economic performance and (ii)&#160;the obligation to absorb losses of the entity or the right to receive benefits from the entity that could potentially be significant to the VIE. The primary beneficiary is required to consolidate the VIE. An ongoing reassessment of controlling financial interest is required to be performed based on any substantive changes in facts and circumstances involving the VIE and its variable interests. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company evaluates issuer-sponsored SPEs initially to determine if an entity is a VIE, and is required to reconsider its initial determination if certain events occur. For all entities determined to be VIEs, MBIA performs an ongoing reassessment to determine whether its guarantee to provide credit protection on obligations issued by VIEs provides the Company with a controlling financial interest. Based on its ongoing reassessment of controlling financial interest, the Company determines whether a VIE is required to be consolidated or deconsolidated. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company makes its determination for consolidation based on a qualitative assessment of the purpose and design of a VIE, the terms and characteristics of variable interests of an entity, and the risks a VIE is designed to create and pass through to holders of variable interests. The Company generally provides credit protection on obligations issued by VIEs, and holds certain contractual rights according to the purpose and design of a VIE. The Company may have the ability to direct certain activities of a VIE depending on facts and circumstances, including the occurrence of certain contingent events, and these activities may be considered the activities of a VIE that most significantly impact the entity&#8217;s economic performance. The Company generally considers its guarantee of principal and interest payments of insured obligations, given nonperformance by a VIE, to be an obligation to absorb losses of the entity that could potentially be significant to the VIE. At the time the Company determines it has the ability to direct the activities of a VIE that most significantly impact the economic performance of the entity based on facts and circumstances, MBIA is deemed to have a controlling financial interest in the VIE and is required to consolidate the entity as primary beneficiary. The Company performs an ongoing reassessment of controlling financial interest that may result in consolidation or deconsolidation of any VIE. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Consolidated VIEs </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The carrying amounts of assets and liabilities of consolidated VIEs was $<ix:nonFraction name="us-gaap:Liabilities" contextRef="PAsOn03_31_2020_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-8" scale="9" format="ixt:numdotdecimal"><ix:nonFraction name="us-gaap:Assets" contextRef="PAsOn03_31_2020_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-8" scale="9" format="ixt:numdotdecimal">1.2</ix:nonFraction></ix:nonFraction>&#160;billion, as of March&#160;31, 2020 and $<ix:nonFraction name="us-gaap:Assets" contextRef="PAsOn12_31_2019_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-8" scale="9" format="ixt:numdotdecimal">1.6</ix:nonFraction>&#160;billion and $<ix:nonFraction name="us-gaap:Liabilities" contextRef="PAsOn12_31_2019_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-8" scale="9" format="ixt:numdotdecimal">1.5</ix:nonFraction>&#160;billion, respectively, as of December&#160;31, 2019. The carrying amounts of assets and liabilities are presented separately in &#8220;Assets of consolidated variable interest entities&#8221; and &#8220;Liabilities of consolidated variable interest entities&#8221; on the Company&#8217;s consolidated balance sheets. VIEs are consolidated or deconsolidated based on an ongoing reassessment of controlling financial interest, when events occur or circumstances arise, and whether the ability to exercise rights that constitute power to direct activities of any VIEs are present according to the design and characteristics of these entities. In the first quarter of 2020, the Company deconsolidated <ix:nonFraction name="mbi:NumberOfVariableInterestEntitiesDeconsolidated" contextRef="P01_01_2020To03_31_2020_StructuredFinanceAndInternationalInsuranceMemberusgaapStatementBusinessSegmentsAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_pure" decimals="INF" scale="0" format="ixt-sec:numwordsen">one</ix:nonFraction> structured finance VIE due to the prepayment of the outstanding notes of the VIE. Also, in the first quarter of 2020, the Puerto Rico Sales Tax Financing Corporation (&#8220;COFINA&#8221;) Trusts established in 2019 were legally dissolved and the <ix:nonFraction name="mbi:NumberOfVariableInterestEntitiesDeconsolidated" contextRef="P01_01_2020To03_31_2020_USPublicFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_pure" decimals="INF" scale="0" format="ixt-sec:numwordsen">seven</ix:nonFraction> related VIEs were deconsolidated. There was no impact to the Company&#8217;s consolidated statement of operations for the first quarter of 2020 due to the deconsolidation of these VIEs. In the first quarter of 2019, the Company consolidated <ix:nonFraction name="mbi:NumberOfVariableInterestEntitiesConsolidated" contextRef="P01_01_2019To03_31_2019_USPublicFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_pure" decimals="INF" scale="0" format="ixt-sec:numwordsen">seven</ix:nonFraction> VIEs related to the Trusts established in connection with the COFINA Plan of Adjustment. On the initial consolidation of the Trusts, the Company recorded a loss of $<ix:nonFraction name="us-gaap:VariableInterestEntityInitialConsolidationGainOrLoss" contextRef="P01_01_2019To03_31_2019_USPublicFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">42</ix:nonFraction>&#160;million, representing the difference between the fair value of the Company&#8217;s financial guarantee within the Trusts and the carrying value of the insurance related balances on the COFINA policies. During 2019, all of the uninsured bonds held in the Trusts were sold and the proceeds were used to reduce National&#8217;s obligations under its original insurance policies upon passing the proceeds through the Trusts to certificate holders. In addition, in 2019, National elected to make a voluntary additional payment in the amount of $<ix:nonFraction name="us-gaap:VariableInterestEntityFinancialOrOtherSupportAmount" contextRef="P01_01_2019To12_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">66</ix:nonFraction>&#160;million with the effect of simultaneously reducing the Trust&#8217;s obligations to zero and satisfying in full the obligations under its original insurance policies. Consolidation and deconsolidation gains and losses are recorded within &#8220;Other net realized gains (losses)&#8221; under &#8220;Revenues of consolidated variable interest entities&#8221; on the Company&#8217;s consolidated statements of operations. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Holders of insured obligations of issuer-sponsored VIEs do not have recourse to the general assets of the Company. In the event of nonpayment of an insured obligation issued by a consolidated VIE, the Company is obligated to pay principal and interest, when due, on the respective insured obligation only. The Company&#8217;s exposure to consolidated VIEs is limited to the credit protection provided on insured obligations and any additional variable interests held by the Company. </div></div></ix:nonNumeric> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">12</div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Inc. and Subsidiaries </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Notes to Consolidated Financial Statements (Unaudited) </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 4: Variable Interest Entities (continued) </div></div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <ix:continuation id="TextSelection_12965934"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Nonconsolidated VIEs </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following tables present the Company&#8217;s maximum exposure to loss for nonconsolidated VIEs and carrying values of the assets and liabilities for its interests in these VIEs in its insurance operations as of March&#160;31, 2020 and December&#160;31, 2019. The amounts included under the headings for the carrying value of assets and liabilities represent amounts reported within the applicable financial statement line items on the Company&#8217;s consolidated balance sheets. The maximum exposure to loss as a result of MBIA&#8217;s variable interests in VIEs is represented by insurance in force. Insurance in force is the maximum future payments of principal and interest which may be required under commitments to make payments on insured obligations issued by nonconsolidated VIEs. The Company has aggregated nonconsolidated VIEs based on the underlying credit exposure of the insured obligation. The nature of the Company&#8217;s variable interests in nonconsolidated VIEs is related to financial guarantees and any investments in obligations issued by nonconsolidated VIEs. </div></div> <ix:nonNumeric name="mbi:ScheduleOfSummaryOfNonConsolidatedViesAssetsAndLiabilitiesTableTextBlock" contextRef="P01_01_2020To03_31_2020" escape="true">
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<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
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<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
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<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Insurance: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
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<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Global structured finance: </div></div> </td>
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<tr style="font-size: 6pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Mortgage-backed residential </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityEntityMaximumLossExposureAmount" contextRef="PAsOn03_31_2020_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis_ResidentialMortgageBackedSecuritiesMemberusgaapUnderlyingAssetClassAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2,122</ix:nonFraction> </div></div> </td>
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<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountAssets" contextRef="PAsOn03_31_2020_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis_InvestmentsMemberusgaapBalanceSheetLocationAxis_ResidentialMortgageBackedSecuritiesMemberusgaapUnderlyingAssetClassAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">12</ix:nonFraction> </div></div> </td>
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<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountAssets" contextRef="PAsOn03_31_2020_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis_PremiumsReceivableMemberusgaapBalanceSheetLocationAxis_ResidentialMortgageBackedSecuritiesMemberusgaapUnderlyingAssetClassAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">17</ix:nonFraction> </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountAssets" contextRef="PAsOn03_31_2020_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis_InsuranceLossRecoverableMemberusgaapBalanceSheetLocationAxis_ResidentialMortgageBackedSecuritiesMemberusgaapUnderlyingAssetClassAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">119</ix:nonFraction> </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountLiabilities" contextRef="PAsOn03_31_2020_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis_ResidentialMortgageBackedSecuritiesMemberusgaapUnderlyingAssetClassAxis_UnearnedPremiumRevenueMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">16</ix:nonFraction> </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountLiabilities" contextRef="PAsOn03_31_2020_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis_LossAndLossAdjustmentExpenseReservesMemberusgaapBalanceSheetLocationAxis_ResidentialMortgageBackedSecuritiesMemberusgaapUnderlyingAssetClassAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">474</ix:nonFraction> </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Mortgage-backed commercial </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityEntityMaximumLossExposureAmount" contextRef="PAsOn03_31_2020_CommercialMortgageBackedSecuritiesMemberusgaapUnderlyingAssetClassAxis_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">21</ix:nonFraction> </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountAssets" contextRef="PAsOn03_31_2020_CommercialMortgageBackedSecuritiesMemberusgaapUnderlyingAssetClassAxis_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis_PremiumsReceivableMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountLiabilities" contextRef="PAsOn03_31_2020_CommercialMortgageBackedSecuritiesMemberusgaapUnderlyingAssetClassAxis_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis_UnearnedPremiumRevenueMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountLiabilities" contextRef="PAsOn03_31_2020_CommercialMortgageBackedSecuritiesMemberusgaapUnderlyingAssetClassAxis_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis_LossAndLossAdjustmentExpenseReservesMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Consumer asset-backed </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityEntityMaximumLossExposureAmount" contextRef="PAsOn03_31_2020_ConsumerAssetBackedMemberusgaapUnderlyingAssetClassAxis_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">363</ix:nonFraction> </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountAssets" contextRef="PAsOn03_31_2020_ConsumerAssetBackedMemberusgaapUnderlyingAssetClassAxis_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis_InvestmentsMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountAssets" contextRef="PAsOn03_31_2020_ConsumerAssetBackedMemberusgaapUnderlyingAssetClassAxis_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis_PremiumsReceivableMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountAssets" contextRef="PAsOn03_31_2020_ConsumerAssetBackedMemberusgaapUnderlyingAssetClassAxis_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis_InsuranceLossRecoverableMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountLiabilities" contextRef="PAsOn03_31_2020_ConsumerAssetBackedMemberusgaapUnderlyingAssetClassAxis_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis_UnearnedPremiumRevenueMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountLiabilities" contextRef="PAsOn03_31_2020_ConsumerAssetBackedMemberusgaapUnderlyingAssetClassAxis_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis_LossAndLossAdjustmentExpenseReservesMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">17</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Corporate asset-backed </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityEntityMaximumLossExposureAmount" contextRef="PAsOn03_31_2020_CorporateAssetBackedMemberusgaapUnderlyingAssetClassAxis_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">870</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountAssets" contextRef="PAsOn03_31_2020_CorporateAssetBackedMemberusgaapUnderlyingAssetClassAxis_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis_InvestmentsMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountAssets" contextRef="PAsOn03_31_2020_CorporateAssetBackedMemberusgaapUnderlyingAssetClassAxis_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis_PremiumsReceivableMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">6</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountAssets" contextRef="PAsOn03_31_2020_CorporateAssetBackedMemberusgaapUnderlyingAssetClassAxis_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis_InsuranceLossRecoverableMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">531</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountLiabilities" contextRef="PAsOn03_31_2020_CorporateAssetBackedMemberusgaapUnderlyingAssetClassAxis_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis_UnearnedPremiumRevenueMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">7</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountLiabilities" contextRef="PAsOn03_31_2020_CorporateAssetBackedMemberusgaapUnderlyingAssetClassAxis_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis_LossAndLossAdjustmentExpenseReservesMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Total global structured finance </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityEntityMaximumLossExposureAmount" contextRef="PAsOn03_31_2020_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">3,376</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountAssets" contextRef="PAsOn03_31_2020_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis_InvestmentsMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">12</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountAssets" contextRef="PAsOn03_31_2020_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis_PremiumsReceivableMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">24</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountAssets" contextRef="PAsOn03_31_2020_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis_InsuranceLossRecoverableMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">651</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountLiabilities" contextRef="PAsOn03_31_2020_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis_UnearnedPremiumRevenueMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">24</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountLiabilities" contextRef="PAsOn03_31_2020_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis_LossAndLossAdjustmentExpenseReservesMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">493</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Global public finance </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityEntityMaximumLossExposureAmount" contextRef="PAsOn03_31_2020_GlobalPublicFinanceMemberusgaapGuaranteeObligationsByNatureAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1,723</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountAssets" contextRef="PAsOn03_31_2020_GlobalPublicFinanceMemberusgaapGuaranteeObligationsByNatureAxis_InvestmentsMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
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<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountLiabilities" contextRef="PAsOn03_31_2020_GlobalPublicFinanceMemberusgaapGuaranteeObligationsByNatureAxis_UnearnedPremiumRevenueMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">8</ix:nonFraction> </div></div> </td>
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<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
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<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
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<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
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<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
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<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
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<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountAssets" contextRef="PAsOn03_31_2020_InvestmentsMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">12</ix:nonFraction> </div></div> </td>
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<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountAssets" contextRef="PAsOn03_31_2020_PremiumsReceivableMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">32</ix:nonFraction> </div></div> </td>
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<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountAssets" contextRef="PAsOn03_31_2020_InsuranceLossRecoverableMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">651</ix:nonFraction> </div></div> </td>
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<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountLiabilities" contextRef="PAsOn03_31_2020_UnearnedPremiumRevenueMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">32</ix:nonFraction> </div></div> </td>
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<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountLiabilities" contextRef="PAsOn03_31_2020_LossAndLossAdjustmentExpenseReservesMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">493</ix:nonFraction> </div></div> </td>
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<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
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<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
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<td style="padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td style="padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Carrying&#160;Value&#160;of&#160;Liabilities </div></div></div> </td>
<td style="padding-bottom: 0.5pt; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Loss&#160;and&#160;Loss </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Maximum </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Unearned </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Adjustment </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Exposure </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Premiums </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Insurance&#160;Loss </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Premium </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Expense </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid;">
<td style="text-align: left; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"> <div style="text-align: left; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: inline-block; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions </div></div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">to Loss </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Receivable </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Recoverable </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Revenue </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Reserves </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Insurance: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Global structured finance: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
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<tr style="font-size: 6pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
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<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountAssets" contextRef="PAsOn12_31_2019_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis_InsuranceLossRecoverableMemberusgaapBalanceSheetLocationAxis_ResidentialMortgageBackedSecuritiesMemberusgaapUnderlyingAssetClassAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">107</ix:nonFraction> </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountLiabilities" contextRef="PAsOn12_31_2019_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis_ResidentialMortgageBackedSecuritiesMemberusgaapUnderlyingAssetClassAxis_UnearnedPremiumRevenueMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">16</ix:nonFraction> </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountLiabilities" contextRef="PAsOn12_31_2019_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis_LossAndLossAdjustmentExpenseReservesMemberusgaapBalanceSheetLocationAxis_ResidentialMortgageBackedSecuritiesMemberusgaapUnderlyingAssetClassAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">436</ix:nonFraction> </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityEntityMaximumLossExposureAmount" contextRef="PAsOn12_31_2019_CommercialMortgageBackedSecuritiesMemberusgaapUnderlyingAssetClassAxis_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">26</ix:nonFraction> </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountLiabilities" contextRef="PAsOn12_31_2019_CommercialMortgageBackedSecuritiesMemberusgaapUnderlyingAssetClassAxis_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis_UnearnedPremiumRevenueMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountLiabilities" contextRef="PAsOn12_31_2019_CommercialMortgageBackedSecuritiesMemberusgaapUnderlyingAssetClassAxis_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis_LossAndLossAdjustmentExpenseReservesMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
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<tr style="font-size: 6pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Consumer asset-backed </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityEntityMaximumLossExposureAmount" contextRef="PAsOn12_31_2019_ConsumerAssetBackedMemberusgaapUnderlyingAssetClassAxis_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">384</ix:nonFraction> </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountAssets" contextRef="PAsOn12_31_2019_ConsumerAssetBackedMemberusgaapUnderlyingAssetClassAxis_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis_PremiumsReceivableMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction> </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountAssets" contextRef="PAsOn12_31_2019_ConsumerAssetBackedMemberusgaapUnderlyingAssetClassAxis_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis_InsuranceLossRecoverableMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction> </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountLiabilities" contextRef="PAsOn12_31_2019_ConsumerAssetBackedMemberusgaapUnderlyingAssetClassAxis_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis_UnearnedPremiumRevenueMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction> </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountLiabilities" contextRef="PAsOn12_31_2019_ConsumerAssetBackedMemberusgaapUnderlyingAssetClassAxis_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis_LossAndLossAdjustmentExpenseReservesMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">11</ix:nonFraction> </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityEntityMaximumLossExposureAmount" contextRef="PAsOn12_31_2019_CorporateAssetBackedMemberusgaapUnderlyingAssetClassAxis_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">937</ix:nonFraction> </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountAssets" contextRef="PAsOn12_31_2019_CorporateAssetBackedMemberusgaapUnderlyingAssetClassAxis_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis_PremiumsReceivableMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">6</ix:nonFraction> </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountAssets" contextRef="PAsOn12_31_2019_CorporateAssetBackedMemberusgaapUnderlyingAssetClassAxis_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis_InsuranceLossRecoverableMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">673</ix:nonFraction> </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountLiabilities" contextRef="PAsOn12_31_2019_CorporateAssetBackedMemberusgaapUnderlyingAssetClassAxis_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis_UnearnedPremiumRevenueMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">7</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountLiabilities" contextRef="PAsOn12_31_2019_CorporateAssetBackedMemberusgaapUnderlyingAssetClassAxis_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis_LossAndLossAdjustmentExpenseReservesMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Total global structured finance </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityEntityMaximumLossExposureAmount" contextRef="PAsOn12_31_2019_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">3,600</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountAssets" contextRef="PAsOn12_31_2019_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis_InvestmentsMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">15</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountAssets" contextRef="PAsOn12_31_2019_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis_PremiumsReceivableMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">26</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountAssets" contextRef="PAsOn12_31_2019_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis_InsuranceLossRecoverableMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">781</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountLiabilities" contextRef="PAsOn12_31_2019_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis_UnearnedPremiumRevenueMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">24</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountLiabilities" contextRef="PAsOn12_31_2019_GlobalStructuredFinanceMemberusgaapGuaranteeObligationsByNatureAxis_LossAndLossAdjustmentExpenseReservesMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">447</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Global public finance </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityEntityMaximumLossExposureAmount" contextRef="PAsOn12_31_2019_GlobalPublicFinanceMemberusgaapGuaranteeObligationsByNatureAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1,926</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountAssets" contextRef="PAsOn12_31_2019_GlobalPublicFinanceMemberusgaapGuaranteeObligationsByNatureAxis_InvestmentsMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountAssets" contextRef="PAsOn12_31_2019_GlobalPublicFinanceMemberusgaapGuaranteeObligationsByNatureAxis_PremiumsReceivableMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">8</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountAssets" contextRef="PAsOn12_31_2019_GlobalPublicFinanceMemberusgaapGuaranteeObligationsByNatureAxis_InsuranceLossRecoverableMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountLiabilities" contextRef="PAsOn12_31_2019_GlobalPublicFinanceMemberusgaapGuaranteeObligationsByNatureAxis_UnearnedPremiumRevenueMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">9</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountLiabilities" contextRef="PAsOn12_31_2019_GlobalPublicFinanceMemberusgaapGuaranteeObligationsByNatureAxis_LossAndLossAdjustmentExpenseReservesMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Total insurance </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityEntityMaximumLossExposureAmount" contextRef="PAsOn12_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">5,526</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountAssets" contextRef="PAsOn12_31_2019_InvestmentsMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">15</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountAssets" contextRef="PAsOn12_31_2019_PremiumsReceivableMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">34</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountAssets" contextRef="PAsOn12_31_2019_InsuranceLossRecoverableMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">781</ix:nonFraction> </div></div> </td>
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<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div></ix:nonNumeric></ix:continuation><ix:nonNumeric name="us-gaap:LiabilityForFuturePolicyBenefitsAndUnpaidClaimsDisclosureTextBlock" contextRef="P01_01_2020To03_31_2020" escape="true" continuedAt="TextSelection_12965945"><div id="toc893688_13" style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 5: Loss and Loss Adjustment Expense Reserves </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">U.S. Public Finance Insurance </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">U.S. public finance insured transactions consist of municipal bonds, including <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">tax-exempt</div> and taxable indebtedness of U.S. political subdivisions, as well as utilities, airports, health care institutions, higher educational facilities, student loan issuers, housing authorities and other similar agencies and obligations issued by private entities that finance projects that serve a substantial public purpose. The Company estimates future losses by using probability-weighted cash flow scenarios that are customized to each insured transaction. Future loss estimates consider debt service due for each insured transaction, which includes par outstanding and interest due, as well as recoveries for such payments, if any. 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In addition, the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19</div> pandemic may present additional but unknown credit risks to National&#8217;s insured portfolio. Puerto Rico had been experiencing significant fiscal stress and constrained liquidity, and in response, the U.S. Congress passed PROMESA. In formulating loss reserves, the Company considers the following: environmental and political impacts; litigation; ongoing discussions with creditors; timing and amount of debt service payments and future recoveries; existing proposed restructuring plans or agreements; and deviations from these proposals in its probability-weighted scenarios. In September of 2019, National agreed to join the RSA with PREPA, other monoline insurers, a group of uninsured PREPA bondholders, Puerto Rico, and the Oversight Board. Refer to &#8220;Note 1: Business Developments and Risk and Uncertainties&#8221;, for further information on <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19</div> and the Company&#8217;s Puerto Rico exposures.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Recoveries on Puerto Rico Losses </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For recoveries on paid Puerto Rico losses, the estimates include assumptions related to the following: economic conditions and trends; political developments; the Company&#8217;s ability to enforce contractual rights through litigation and otherwise; discussions with other creditors and the obligors, any existing proposals; and the remediation strategy for an insured obligation that has defaulted or is expected for default. </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">International and Structured Finance Insurance </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The international and structured finance insurance segment&#8217;s case basis reserves and insurance loss recoveries recorded in accordance with GAAP do not include estimates for a policy insuring a credit derivative or on financial guarantee VIEs that are eliminated in consolidation. The policy insuring a credit derivative contract is accounted for as a derivative and is carried at fair value in the Company&#8217;s consolidated financial statements under GAAP. The fair value of the insured credit derivative contract is influenced by a variety of market and transaction-specific factors that may be unrelated to potential future claim payments under the Company&#8217;s insurance policy. Refer to &#8220;Note 8: Derivative Instruments&#8221; for a further discussion of the Company&#8217;s use of derivatives and their impact on the Company&#8217;s consolidated financial statements. In addition, the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19</div> may present additional but unknown credit risks to MBIA Corp.&#8217;s insured portfolio. Refer to &#8220;Note 1: Business Developments and Risk and Uncertainties&#8221;, for further information on <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">RMBS Case Basis Reserves (Financial Guarantees) </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The Company&#8217;s RMBS reserves and recoveries relate to financial guarantee insurance policies, excluding those on consolidated VIEs. The Company&#8217;s first-lien RMBS case basis reserves primarily relate to RMBS backed by alternative <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">A-paper</div> and subprime mortgage loans. The Company&#8217;s second-lien RMBS case basis reserves relate to RMBS backed by home equity lines of credit and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">closed-end</div> second mortgages. The Company calculated RMBS case basis reserves as of March&#160;31, 2020 for both first and second-lien RMBS transactions using a process called the Roll Rate Methodology (&#8220;Roll Rate Methodology&#8221;). The Roll Rate Methodology is a multi-step process using databases of loan level information, proprietary internal cash flow models, and commercially available models to estimate potential losses and recoveries on insured bonds. Roll Rate is defined as the probability that current loans become delinquent and subsequently default and loans in the delinquent pipeline are <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">charged-off</div> or liquidated. The loss reserve estimates are based on a probability-weighted average of three scenarios of loan losses. Additional data used for both second and first-liens include historic averages of deal specific voluntary prepayment rates, forward projections of the LIBOR interest rates, and historic averages of deal-specific loss severities. In addition, for second-lien RMBS backed by home equity lines of credit, the Company assumes a constant basis spread between Prime and LIBOR interest rates.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;">In calculating ultimate cumulative losses for RMBS, the Company estimates the amount of second-lien loans that are expected to be <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">charged-off</div> (deemed uncollectible by servicers of the transactions) and, for first-lien RMBS, the Company estimates the amount of loans that are expected to be liquidated in the future through foreclosure or short sale. The time to liquidation for a defaulted loan is specific to the loan&#8217;s delinquency bucket.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For all RMBS transactions, cash flow models consider allocations and other structural aspects and claims against MBIA Corp.&#8217;s insurance policy consistent with such policy&#8217;s terms and conditions. The estimated net claims from the procedure above are then discounted using a risk-free rate to a net present value reflecting MBIA&#8217;s general obligation to pay claims over time and not on an accelerated basis. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;">The Company monitors RMBS portfolio performance on a monthly basis against projected performance, reviewing delinquencies, roll rates, and prepayment rates (including voluntary and involuntary). However, loan performance remains difficult to predict and losses may exceed expectations. In the event of a material deviation in actual performance from projected performance, the Company would increase or decrease the case basis reserves accordingly and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">re-evaluate</div> its assumptions.</div> </ix:continuation> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Inc. and Subsidiaries </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Notes to Consolidated Financial Statements (Unaudited) </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 5: Loss and Loss Adjustment Expense Reserves (continued) </div></div></div> <div style="margin-top: 6pt; margin-bottom: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <ix:continuation id="TextSelectionAppend_12965945_1" continuedAt="TextSelectionAppend_12965945_2"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">RMBS Recoveries </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The Company primarily records two types of recoveries related to insured RMBS exposures: excess spread that is generated from the trust structures in the insured transactions; and second-lien <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">&#8220;put-back&#8221;</div> claims related to those mortgage loans whose inclusion in an insured securitization failed to comply with representations and warranties (&#8220;ineligible loans&#8221;).</div> <div style="text-align: left; text-indent: 0%; font-family: Arial; font-size: 10pt; text-decoration: none; margin-top: 18pt; margin-bottom: 0px; margin-left: 0%;"><div style="text-decoration:underline;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Excess Spread </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">Excess spread within insured RMBS securitizations is the difference between interest inflows on mortgage loan collateral and interest outflows on the insured RMBS notes. The aggregate amount of excess spread depends on the future loss trends, which include future delinquency trends, average time to <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">charge-off/liquidate</div> delinquent loans, the future spread between Prime and the LIBOR interest rates, and borrower refinancing behavior (which may be affected by changes in the interest rate environment) that results in voluntary prepayments. Excess spread also includes subsequent recoveries on previously <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">charged-off</div> loans associated with insured second-lien RMBS securitizations.</div> <div style="text-align: left; text-indent: 0%; font-family: Arial; font-size: 10pt; text-decoration: none; margin-top: 18pt; margin-bottom: 0px; margin-left: 0%;"><div style="text-decoration:underline;display:inline;">Second-lien <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Put-Back</div> Claims Related to Ineligible Loans </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The Company has settled the majority of its <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">put-back</div> claims relating to the inclusion of ineligible loans in securitizations it insured. Only its claims against Credit Suisse remain outstanding. Credit Suisse has challenged the Company&#8217;s assessment of the ineligibility of individual mortgage loans and a trial concerning the dispute was held in July and August of 2019. While the Company&#8217;s settlement amounts on its prior <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">put-back</div> claims have been consistent with the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">put-back </div> recoveries that had been included in the Company&#8217;s financial statements at the times preceding the settlements, there can be no assurance that the Company will prevail in its litigation against Credit Suisse. However, based on the Company&#8217;s assessment of the strength of its contractual <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">put-back</div> rights against Credit Suisse, as well as on its prior settlements with other sellers/servicers and success of other monolines&#8217; <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">put-back</div> settlements, the Company believes it will prevail in enforcing its contractual rights and that it is entitled to collect the full amount of its incurred losses plus contractual interest due. The Company consolidates the RMBS securitization originated by Credit Suisse as a VIE and, therefore, eliminates its estimate of recoveries from its insurance accounting and reflects such recoveries in its accounting for the loan repurchase commitments asset of the VIE using a measurement process similar to that used for insurance accounting.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The uncertainty remaining with respect to the ultimate outcome of the litigation with Credit Suisse is contemplated in the probability-weighted scenario based-modeling the Company uses. The Credit Suisse recovery scenarios are based on certain probabilities of ultimate resolution of the dispute with Credit Suisse and the fair values are determined using discounted cash flow models. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;">The Company continues to consider relevant facts and circumstances in developing its assumptions on expected cash inflows, probability of potential recoveries (including the timing and outcome of the litigation) and recovery period. While the Company believes it will be successful in realizing its recoveries from its <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">put-back</div> contract claims against Credit Suisse, the ultimate amount recovered may be materially different from that recorded by the Company given the inherent uncertainty of the manner of resolving the claims (i.e., litigation and/or negotiated <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">out-of-court</div> settlement) and the assumptions used in the required estimation process for accounting purposes which are based, in part, on judgments and other information that are not easily corroborated by historical data or other relevant benchmarks. Refer to &#8220;Note 13: Commitments and Contingencies&#8221; for further information about the Company&#8217;s litigation with Credit Suisse.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">CDO Reserves and Recoveries </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company also has loss and loss adjustment expense (&#8220;LAE&#8221;) reserves on certain transactions within its CDO portfolio, primarily its multi-sector CDO asset class that was insured in the form of financial guarantee policies. MBIA&#8217;s insured multi-sector CDOs are transactions that include a variety of collateral ranging from corporate bonds to structured finance assets (which includes, but are not limited to, RMBS-related collateral, multi-sector and corporate CDOs). The Company&#8217;s process for estimating reserves and credit impairments on these policies is determined as the present value of the probability-weighted potential future losses, net of estimated recoveries, across multiple scenarios.&#160;The Company considers several factors when developing the range of potential outcomes and their impact on MBIA. A range of loss scenarios is considered under different default and severity rates for each transaction&#8217;s collateral.&#160;Additionally, each transaction is evaluated for its commutation potential. </div></div> </ix:continuation> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"></div> </div> </div> <div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Inc. and Subsidiaries </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Notes to Consolidated Financial Statements (Unaudited) </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 5: Loss and Loss Adjustment Expense Reserves (continued) </div></div></div> <div style="margin-top: 6pt; margin-bottom: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <ix:continuation id="TextSelectionAppend_12965945_2" continuedAt="TextSelectionAppend_12965945_3"> <div style="text-align: left; text-indent: 0%; font-family: Arial; font-size: 10pt; text-decoration: none; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0%;"><div style="text-decoration:underline;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Zohar Recoveries </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Corp. is seeking to recover the payments it made (plus interest and expenses) with respect to Zohar I and Zohar II. In March of 2018, the then-director of Zohar I and Zohar II placed those funds into voluntary bankruptcy proceedings in federal bankruptcy court in the District of Delaware (the &#8220;Zohar Funds Bankruptcy Cases&#8221;). In May of 2018, MBIA and certain parties to the Zohar Funds Bankruptcy Cases agreed to a stay of litigation and<div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;a</div> process, among other things (the &#8220;Zohar Bankruptcy Settlement&#8221;) by which the debtor funds, through an independent director and a chief restructuring officer, would work with the original sponsor of the funds to monetize the Zohar Assets and repay creditors, including MBIA Corp. While the stay of litigation provided for in the Zohar Bankruptcy Settlement has expired, the court ruled on September&#160;27, 2019 that the monetization process will continue, which ruling has been appealed though not stayed. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">While MBIA Corp. anticipates that the primary source of the recoveries will come from the monetization of the Zohar Assets, significant uncertainty remains with respect to realizable value. For example, on October&#160;17, 2019, one of the portfolio companies, Dura Automotive Systems, LLC, and certain of its affiliates, filed for bankruptcy protection in federal bankruptcy court in the Middle District of Tennessee (the &#8220;Dura Bankruptcy Cases&#8221;). Effective November&#160;8, 2019, the Dura Bankruptcy Cases were transferred to the District of Delaware. The Zohar debtors have substantial debt and equity interests in the Dura debtors, and any recovery on those interests is not expected to be material. In late March of 2020, the original sponsor of the Zohar Funds resigned from her role as director and manager of all the portfolio companies, except for Dura, which companies have debt and equity that comprise, in part, the Zohar Assets. New directors and managers are presently being put in place at these portfolio companies, although the Zohar Sponsor may continue to serve in some capacity at select portfolio companies until a replacement is put in place, and the monetization process remains in progress. There can be no assurance, however, that the recent coronavirus outbreak will not cause the monetization of the Zohar Assets to be delayed or impacted. Salvage and subrogation recoveries related to Zohar I and Zohar II are reported within &#8220;Insurance loss recoverable&#8221; on the Company&#8217;s consolidated balance sheet. The Company&#8217;s estimate of the insurance loss recoverable for Zohar I and Zohar II includes probability-weighted scenarios of the ultimate monetized recovery from the Zohar Assets. </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Notwithstanding the procedures agreed to in the Zohar Bankruptcy Settlement and confirmed by the court, there can be no assurance that the monetization of the Zohar Assets will yield amounts sufficient to permit MBIA Corp. to recover a substantial portion of the payments it made on Zohar I and Zohar II. Failure to recover such payments could impede MBIA Corp.&#8217;s ability to make payments when due on other policies. MBIA Corp. believes that if the NYSDFS concludes at any time that MBIA Insurance Corporation will not be able to pay its policyholder claims, the NYSDFS would likely put MBIA Insurance Corporation into a rehabilitation or liquidation proceeding under Article 74 of the NYIL and/or take such other actions as the NYSDFS may deem necessary to protect the interests of MBIA Insurance Corporation&#8217;s policyholders. The determination to commence such a proceeding or take other such actions is within the exclusive control of the NYSDFS. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Summary of Loss and LAE Reserves and Recoveries </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company&#8217;s loss and LAE reserves and recoveries before consolidated VIE eliminations, along with amounts that were eliminated as a result of consolidating VIEs for the international and structured finance insurance segment, which are included in the Company&#8217;s consolidated balance sheets as of March&#160;31, 2020 and December&#160;31, 2019 are presented in the following table: </div></div> <ix:nonNumeric name="mbi:ScheduleOfInsuranceLossReservesAndRecoverablesForInsuredObligationsTextBlock" contextRef="P01_01_2020To03_31_2020" escape="true">
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<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">As of March&#160;31, 2020</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">As of December&#160;31, 2019</div></div> </td> </tr>
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<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
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<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Balance&#160;Sheet&#160;Line&#160;Item</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Balance&#160;Sheet&#160;Line&#160;Item</div></div> </td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
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<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
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<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
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<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
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<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
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<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">$</td>
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<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">$</td>
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<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">$</td>
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<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilityForClaimsAndClaimsAdjustmentExpense" contextRef="PAsOn12_31_2019_USPublicFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966667">432</ix:nonFraction></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 0in; text-align: left; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;width:100%;">International and Structured Finance Insurance:</div></div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Before VIE eliminations<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(1)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:InsuranceLossRecoverable" contextRef="PAsOn12_31_2019_InternationalAndStructuredFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966657">1,286</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">VIE eliminations<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(1)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="mbi:InsuranceLossRecoverable" contextRef="PAsOn03_31_2020_ConsolidationEliminationsMemberMBIConsolidationAxis_InternationalAndStructuredFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal" id="Fact_12966650">528</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:LiabilityForClaimsAndClaimsAdjustmentExpense" contextRef="PAsOn03_31_2020_ConsolidationEliminationsMemberMBIConsolidationAxis_InternationalAndStructuredFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal" id="Fact_12966651">284</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="mbi:InsuranceLossRecoverable" contextRef="PAsOn12_31_2019_ConsolidationEliminationsMemberMBIConsolidationAxis_InternationalAndStructuredFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal" id="Fact_12966659">503</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:LiabilityForClaimsAndClaimsAdjustmentExpense" contextRef="PAsOn12_31_2019_ConsolidationEliminationsMemberMBIConsolidationAxis_InternationalAndStructuredFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal" id="Fact_12966660">280</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total international and structured finance insurance</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:InsuranceLossRecoverable" contextRef="PAsOn03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_InternationalAndStructuredFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">653</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilityForClaimsAndClaimsAdjustmentExpense" contextRef="PAsOn03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_InternationalAndStructuredFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966655">515</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:InsuranceLossRecoverable" contextRef="PAsOn12_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_InternationalAndStructuredFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">783</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilityForClaimsAndClaimsAdjustmentExpense" contextRef="PAsOn12_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_InternationalAndStructuredFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966662">469</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; font-weight: normal; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Total</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:InsuranceLossRecoverable" contextRef="PAsOn03_31_2020_InsuranceLossRecoverableMemberMBIClaimLiabilityAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1,607</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilityForClaimsAndClaimsAdjustmentExpense" contextRef="PAsOn03_31_2020_LossAndLaeReservesMemberMBIClaimLiabilityAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966656">966</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:InsuranceLossRecoverable" contextRef="PAsOn12_31_2019_InsuranceLossRecoverableMemberMBIClaimLiabilityAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1,694</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilityForClaimsAndClaimsAdjustmentExpense" contextRef="PAsOn12_31_2019_LossAndLaeReservesMemberMBIClaimLiabilityAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966664">901</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: center;"> <div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> </div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
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<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(2)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Amounts are net of expected recoveries.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div></ix:nonNumeric></ix:continuation> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">16</div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Inc. and Subsidiaries </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Notes to Consolidated Financial Statements (Unaudited) </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 5: Loss and Loss Adjustment Expense Reserves (continued) </div></div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <ix:continuation id="TextSelectionAppend_12965945_3" continuedAt="TextSelectionAppend_12965945_4"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Changes in Loss and LAE Reserves </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The following table presents changes in the Company&#8217;s loss and LAE reserves for the three months ended March&#160;31, 2020. Changes in loss reserves attributable to the accretion of the claim liability discount, changes in discount rates, changes in amount and timing of estimated claim payments and estimated recoveries on such claims, changes in assumptions and changes in LAE reserves are recorded in &#8220;Losses and loss adjustment&#8221; expenses in the Company&#8217;s consolidated statements of operations. As of March&#160;31, 2020, the weighted average risk-free rate used to discount the Company&#8217;s loss reserves (claim liability) was <ix:nonFraction name="us-gaap:FinancialGuaranteeInsuranceContractsClaimLiabilityWeightedAverageRiskFreeDiscountRate" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_pure" decimals="4" scale="-2" format="ixt:numdotdecimal">0.73</ix:nonFraction>%. LAE reserves are generally expected to be settled within a <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonNumeric name="mbi:ChangesInLossAndLaeReserves" contextRef="P01_01_2020To03_31_2020_LaeMemberMBIClaimLiabilityAxis">one-year</ix:nonNumeric> </div> period and are not discounted. As of March&#160;31, 2020 and December&#160;31, 2019 the Company&#8217;s gross loss and LAE reserves included $<ix:nonFraction name="us-gaap:LiabilityForClaimsAndClaimsAdjustmentExpense" contextRef="PAsOn03_31_2020_LaeMemberMBIClaimLiabilityAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">35</ix:nonFraction>&#160;million and $<ix:nonFraction name="us-gaap:LiabilityForClaimsAndClaimsAdjustmentExpense" contextRef="PAsOn12_31_2019_LaeMemberMBIClaimLiabilityAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">34</ix:nonFraction>&#160;million, respectively, related to LAE.</div> <ix:nonNumeric name="mbi:ScheduleOfLossAndLossAdjustmentExpenseReserveTextBlock" contextRef="P01_01_2020To03_31_2020" escape="true">
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<td style="font-family: Arial; padding: 0px;">&#160;</td>
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<td style="width: 9%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 9%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 9%; font-family: Arial; padding: 0px;">&#160;</td>
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<td style="width: 9%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 9%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 9%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 4%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 5%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 5%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 5%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 5%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 5%; font-family: Arial; padding: 0px;">&#160;</td> </tr>
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<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
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<td style="padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td style="padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
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<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
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<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
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<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
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<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
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<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Changes in<br/> Assumptions </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Changes&#160;in<br/> Unearned<br/> Premium<br/> Revenue </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Other </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
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<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:LiabilityForClaimsAndClaimsAdjustmentExpense" contextRef="PAsOn12_31_2019_LossAndLaeReservesMemberMBIClaimLiabilityAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12967285">901</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="mbi:LossPaymentsForCases" contextRef="P01_01_2020To03_31_2020_LossAndLaeReservesMemberMBIClaimLiabilityAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">68</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeAccretionOfDiscount" contextRef="P01_01_2020To03_31_2020_LossAndLaeReservesMemberMBIClaimLiabilityAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">4</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeEffectOfChangeInDiscountRate" contextRef="P01_01_2020To03_31_2020_LossAndLaeReservesMemberMBIClaimLiabilityAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">98</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeInAssumptions" contextRef="P01_01_2020To03_31_2020_LossAndLaeReservesMemberMBIClaimLiabilityAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">222</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:IncreaseDecreaseInUnearnedPremiums" contextRef="P01_01_2020To03_31_2020_LossAndLaeReservesMemberMBIClaimLiabilityAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">6</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="mbi:FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeOther" contextRef="P01_01_2020To03_31_2020_LossAndLaeReservesMemberMBIClaimLiabilityAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">1</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
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<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
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<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
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<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
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<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
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<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
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<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
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<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="18" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Changes in Insurance Loss Recoverable</div></div> </td>
<td>&#160;</td>
<td>&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="18" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">for the Three Months Ended March&#160;31, 2020</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:6pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Gross<br/> Reserve as of<br/> December&#160;31,<br/> 2019</div></div> </td>
<td style="white-space: nowrap; vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Collections<br/> for Cases</div></div> </td>
<td style="white-space: nowrap; vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Accretion<br/> of<br/> Recoveries</div></div> </td>
<td style="white-space: nowrap; vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Changes&#160;in<br/> Discount<br/> Rates</div></div> </td>
<td style="white-space: nowrap; vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: bold; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Changes in<br/> <div style="font-weight: normal; font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assumptions</div></div><div style="font-weight: normal; font-style: normal; font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;">(1)</div></div> </td>
<td style="white-space: nowrap; vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: bold; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight: normal; font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Other</div></div><div style="font-weight: normal; font-style: normal; font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;">(2)</div></div> </td>
<td style="white-space: nowrap; vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Gross<br/> Reserve<br/> as of<br/> March&#160;31,<br/> 2020</div></div> </td>
<td style="white-space: nowrap; vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:6pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Insurance loss recoverable</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:InsuranceLossRecoverable" contextRef="PAsOn12_31_2019_InsuranceLossRecoverableMemberMBIClaimLiabilityAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1,694</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="mbi:CollectionsForCases" contextRef="P01_01_2020To03_31_2020_InsuranceLossRecoverableMemberMBIClaimLiabilityAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">8</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesAccretionOfRecoveries" contextRef="P01_01_2020To03_31_2020_InsuranceLossRecoverableMemberMBIClaimLiabilityAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">7</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInDiscountRate" contextRef="P01_01_2020To03_31_2020_InsuranceLossRecoverableMemberMBIClaimLiabilityAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">157</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="mbi:InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInAssumptions" contextRef="P01_01_2020To03_31_2020_InsuranceLossRecoverableMemberMBIClaimLiabilityAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal" id="Fact_12966683">241</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="mbi:InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesOther" contextRef="P01_01_2020To03_31_2020_InsuranceLossRecoverableMemberMBIClaimLiabilityAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal" id="Fact_12966684">2</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:InsuranceLossRecoverable" contextRef="PAsOn03_31_2020_InsuranceLossRecoverableMemberMBIClaimLiabilityAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1,607</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
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<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
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<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: center;"> <div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> </div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Includes amounts related to paid claims and LAE that are expected to be recovered in the future.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(2)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Primarily changes in amount and timing of collections.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div></ix:nonNumeric> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The decrease in the Company&#8217;s insurance loss recoverable reflected in the preceding table was primarily due to a decline in expected recoveries on CDOs partially offset by increases in insurance loss recoverables on certain Puerto Rico exposures and RMBS transactions due to a decline in risk-free rates during the three months ended March&#160;31, 2020. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Loss and LAE Activity </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For the three months ended March&#160;31, 2020, loss and LAE incurred primarily related to a decrease in expected salvage collections related to CDOs as well as declines in the risk-free rates during the quarter which increased the present value of the loss reserves, primarily related to first-lien RMBS transactions. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For the three months ended March&#160;31, 2019, the benefit to losses and LAE primarily related to an increase in expected recoveries on Puerto Rico exposures partially offset by incurred losses related to first-lien RMBS transactions. </div></div> </ix:continuation> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">17</div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"></div> </div> </div> <div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Inc. and Subsidiaries </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Notes to Consolidated Financial Statements (Unaudited) </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 5: Loss and Loss Adjustment Expense Reserves (continued) </div></div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <ix:continuation id="TextSelectionAppend_12965945_4" continuedAt="TextSelectionAppend_12965945_5"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Costs associated with remediating insured obligations assigned to the Company&#8217;s surveillance categories are recorded as LAE and are included in &#8220;Losses and loss adjustment&#8221; expenses on the Company&#8217;s consolidated statements of operations. 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<table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
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<td style="width:83%;">&#160;</td>
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<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="18" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Surveillance Categories</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">$ in millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Caution<br/> List<br/> Low</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Caution<br/> List<br/> Medium</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Caution<br/> List<br/> High</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Classified<br/> List</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Total</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Number of policies</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:NumberOfPolicies" contextRef="PAsOn03_31_2020_CautionListLowMemberMBISurveillanceCategoriesAxis" unitRef="Unit_policy" decimals="0" scale="0" format="ixt:numdotdecimal">42</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:NumberOfPolicies" contextRef="PAsOn03_31_2020_CautionListMediumMemberMBISurveillanceCategoriesAxis" unitRef="Unit_policy" decimals="0" scale="0" format="ixt:numdotdecimal">18</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:NumberOfPolicies" contextRef="PAsOn03_31_2020_CautionListHighMemberMBISurveillanceCategoriesAxis" unitRef="Unit_policy" decimals="0" scale="0" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:NumberOfPolicies" contextRef="PAsOn03_31_2020_ClassifiedListMemberMBISurveillanceCategoriesAxis" unitRef="Unit_policy" decimals="0" scale="0" format="ixt:numdotdecimal">219</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:NumberOfPolicies" contextRef="PAsOn03_31_2020" unitRef="Unit_policy" decimals="0" scale="0" format="ixt:numdotdecimal">279</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Number of issues<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (1)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding" contextRef="PAsOn03_31_2020_CautionListLowMemberMBISurveillanceCategoriesAxis" unitRef="Unit_issue" decimals="0" scale="0" format="ixt:numdotdecimal" id="Fact_12966691">12</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding" contextRef="PAsOn03_31_2020_CautionListMediumMemberMBISurveillanceCategoriesAxis" unitRef="Unit_issue" decimals="0" scale="0" format="ixt:numdotdecimal" id="Fact_12966692">5</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding" contextRef="PAsOn03_31_2020_CautionListHighMemberMBISurveillanceCategoriesAxis" unitRef="Unit_issue" decimals="0" scale="0" format="ixt:zerodash" id="Fact_12966693">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding" contextRef="PAsOn03_31_2020_ClassifiedListMemberMBISurveillanceCategoriesAxis" unitRef="Unit_issue" decimals="0" scale="0" format="ixt:numdotdecimal" id="Fact_12966694">99</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding" contextRef="PAsOn03_31_2020" unitRef="Unit_issue" decimals="0" scale="0" format="ixt:numdotdecimal" id="Fact_12966695">116</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Remaining weighted average contract period (in years)</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonNumeric name="us-gaap:InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod" contextRef="P01_01_2020To03_31_2020_CautionListLowMemberMBISurveillanceCategoriesAxis" format="ixt-sec:duryear">6.6</ix:nonNumeric></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonNumeric name="us-gaap:InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod" contextRef="P01_01_2020To03_31_2020_CautionListMediumMemberMBISurveillanceCategoriesAxis" format="ixt-sec:duryear">7.1</ix:nonNumeric></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonNumeric name="us-gaap:InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod" contextRef="P01_01_2020To03_31_2020_ClassifiedListMemberMBISurveillanceCategoriesAxis" format="ixt-sec:duryear">7.7</ix:nonNumeric></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonNumeric name="us-gaap:InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod" contextRef="P01_01_2020To03_31_2020" format="ixt-sec:duryear">7.4</ix:nonNumeric></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Gross insured contractual payments outstanding:<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (2)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Principal</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal" contextRef="PAsOn03_31_2020_CautionListLowMemberMBISurveillanceCategoriesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966696">1,192</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal" contextRef="PAsOn03_31_2020_CautionListMediumMemberMBISurveillanceCategoriesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966697">224</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal" contextRef="PAsOn03_31_2020_CautionListHighMemberMBISurveillanceCategoriesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash" id="Fact_12966698">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal" contextRef="PAsOn03_31_2020_ClassifiedListMemberMBISurveillanceCategoriesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966699">3,736</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal" contextRef="PAsOn03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966700">5,152</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Interest</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest" contextRef="PAsOn03_31_2020_CautionListLowMemberMBISurveillanceCategoriesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966701">1,914</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest" contextRef="PAsOn03_31_2020_CautionListMediumMemberMBISurveillanceCategoriesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966702">99</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest" contextRef="PAsOn03_31_2020_CautionListHighMemberMBISurveillanceCategoriesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash" id="Fact_12966703">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest" contextRef="PAsOn03_31_2020_ClassifiedListMemberMBISurveillanceCategoriesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966704">1,566</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest" contextRef="PAsOn03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966705">3,579</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 5em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding" contextRef="PAsOn03_31_2020_CautionListLowMemberMBISurveillanceCategoriesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966706">3,106</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding" contextRef="PAsOn03_31_2020_CautionListMediumMemberMBISurveillanceCategoriesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966707">323</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding" contextRef="PAsOn03_31_2020_CautionListHighMemberMBISurveillanceCategoriesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash" id="Fact_12966708">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding" contextRef="PAsOn03_31_2020_ClassifiedListMemberMBISurveillanceCategoriesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966709">5,302</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding" contextRef="PAsOn03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966710">8,731</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Gross Claim Liability<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (3)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability" contextRef="PAsOn03_31_2020_CautionListLowMemberMBISurveillanceCategoriesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash" id="Fact_12966711">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability" contextRef="PAsOn03_31_2020_CautionListMediumMemberMBISurveillanceCategoriesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash" id="Fact_12966712">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability" contextRef="PAsOn03_31_2020_CautionListHighMemberMBISurveillanceCategoriesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash" id="Fact_12966713">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability" contextRef="PAsOn03_31_2020_ClassifiedListMemberMBISurveillanceCategoriesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966714">1,068</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability" contextRef="PAsOn03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966715">1,068</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Less:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Gross Potential Recoveries<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (4)</div></div> </td>
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<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Discount, net<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (5)</div></div> </td>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Net claim liability (recoverable)</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Unearned premium revenue</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Reinsurance recoverable on paid and unpaid losses<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (6)</div></div> </td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ReinsuranceRecoverablesOnPaidAndUnpaidLosses" contextRef="PAsOn03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966740">13</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: center;"> <div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> </div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">An &#8220;issue&#8221; represents the aggregate of financial guarantee policies that share the same revenue source for purposes of making debt service payments on the insured debt.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(2)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Represents contractual principal and interest payments due by the issuer of the obligations insured by MBIA.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(3)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">The gross claim liability with respect to Puerto Rico exposures are net of expected recoveries for policies in a net payable position.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(4)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Gross potential recoveries with respect to certain Puerto Rico exposures are net of the claim liability for policies in a net recoverable position.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(5)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Represents discount related to Gross Claim Liability and Gross Potential Recoveries.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(6)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Included in &#8220;Other assets&#8221; on the Company&#8217;s consolidated balance sheets.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div></ix:nonNumeric></ix:continuation> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Inc. and Subsidiaries </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Notes to Consolidated Financial Statements (Unaudited) </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 5: Loss and Loss Adjustment Expense Reserves (continued) </div></div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <ix:continuation id="TextSelectionAppend_12965945_5"><ix:continuation id="TextSelection_12967283"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table provides information about the financial guarantees and related claim liability included in each of MBIA&#8217;s surveillance categories as of December&#160;31, 2019: </div></div>
<table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:83%;">&#160;</td>
<td style="width:1%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:1%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:1%;">&#160;</td>
<td>&#160;</td>
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<td>&#160;</td>
<td style="width:1%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:1%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="18" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Surveillance Categories</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">$ in millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Caution<br/> List<br/> Low</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Caution<br/> List<br/> Medium</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Caution<br/> List<br/> High</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Classified<br/> List</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Total</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Number of policies</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:NumberOfPolicies" contextRef="PAsOn12_31_2019_CautionListLowMemberMBISurveillanceCategoriesAxis" unitRef="Unit_policy" decimals="0" scale="0" format="ixt:numdotdecimal">45</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:NumberOfPolicies" contextRef="PAsOn12_31_2019_CautionListMediumMemberMBISurveillanceCategoriesAxis" unitRef="Unit_policy" decimals="0" scale="0" format="ixt:numdotdecimal">19</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:NumberOfPolicies" contextRef="PAsOn12_31_2019_CautionListHighMemberMBISurveillanceCategoriesAxis" unitRef="Unit_policy" decimals="0" scale="0" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:NumberOfPolicies" contextRef="PAsOn12_31_2019_ClassifiedListMemberMBISurveillanceCategoriesAxis" unitRef="Unit_policy" decimals="0" scale="0" format="ixt:numdotdecimal">212</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:NumberOfPolicies" contextRef="PAsOn12_31_2019" unitRef="Unit_policy" decimals="0" scale="0" format="ixt:numdotdecimal">276</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Number of issues<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (1)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding" contextRef="PAsOn12_31_2019_CautionListLowMemberMBISurveillanceCategoriesAxis" unitRef="Unit_issue" decimals="0" scale="0" format="ixt:numdotdecimal" id="Fact_12966746">13</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding" contextRef="PAsOn12_31_2019_CautionListMediumMemberMBISurveillanceCategoriesAxis" unitRef="Unit_issue" decimals="0" scale="0" format="ixt:numdotdecimal" id="Fact_12966747">5</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding" contextRef="PAsOn12_31_2019_CautionListHighMemberMBISurveillanceCategoriesAxis" unitRef="Unit_issue" decimals="0" scale="0" format="ixt:zerodash" id="Fact_12966748">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding" contextRef="PAsOn12_31_2019_ClassifiedListMemberMBISurveillanceCategoriesAxis" unitRef="Unit_issue" decimals="0" scale="0" format="ixt:numdotdecimal" id="Fact_12966749">94</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding" contextRef="PAsOn12_31_2019" unitRef="Unit_issue" decimals="0" scale="0" format="ixt:numdotdecimal" id="Fact_12966750">112</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Remaining weighted average contract period (in years)</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonNumeric name="us-gaap:InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod" contextRef="P01_01_2019To12_31_2019_CautionListLowMemberMBISurveillanceCategoriesAxis" format="ixt-sec:duryear">7.3</ix:nonNumeric></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonNumeric name="us-gaap:InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod" contextRef="P01_01_2019To12_31_2019_CautionListMediumMemberMBISurveillanceCategoriesAxis" format="ixt-sec:duryear">7.2</ix:nonNumeric></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonNumeric name="us-gaap:InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod" contextRef="P01_01_2019To12_31_2019_ClassifiedListMemberMBISurveillanceCategoriesAxis" format="ixt-sec:duryear">7.9</ix:nonNumeric></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonNumeric name="us-gaap:InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod" contextRef="P01_01_2019To12_31_2019" format="ixt-sec:duryear">7.7</ix:nonNumeric></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Gross insured contractual payments outstanding:<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (2)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Principal</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal" contextRef="PAsOn12_31_2019_CautionListLowMemberMBISurveillanceCategoriesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966751">1,546</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal" contextRef="PAsOn12_31_2019_CautionListMediumMemberMBISurveillanceCategoriesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966752">248</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal" contextRef="PAsOn12_31_2019_CautionListHighMemberMBISurveillanceCategoriesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash" id="Fact_12966753">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal" contextRef="PAsOn12_31_2019_ClassifiedListMemberMBISurveillanceCategoriesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966754">3,794</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal" contextRef="PAsOn12_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966755">5,588</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Interest</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest" contextRef="PAsOn12_31_2019_CautionListLowMemberMBISurveillanceCategoriesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966756">2,107</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest" contextRef="PAsOn12_31_2019_CautionListMediumMemberMBISurveillanceCategoriesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966757">110</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest" contextRef="PAsOn12_31_2019_CautionListHighMemberMBISurveillanceCategoriesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash" id="Fact_12966758">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest" contextRef="PAsOn12_31_2019_ClassifiedListMemberMBISurveillanceCategoriesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966759">1,668</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest" contextRef="PAsOn12_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966760">3,885</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 4em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding" contextRef="PAsOn12_31_2019_CautionListLowMemberMBISurveillanceCategoriesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966761">3,653</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding" contextRef="PAsOn12_31_2019_CautionListMediumMemberMBISurveillanceCategoriesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966762">358</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding" contextRef="PAsOn12_31_2019_CautionListHighMemberMBISurveillanceCategoriesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash" id="Fact_12966763">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding" contextRef="PAsOn12_31_2019_ClassifiedListMemberMBISurveillanceCategoriesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966764">5,462</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding" contextRef="PAsOn12_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966765">9,473</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Gross Claim Liability<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (3)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability" contextRef="PAsOn12_31_2019_CautionListLowMemberMBISurveillanceCategoriesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash" id="Fact_12966766">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability" contextRef="PAsOn12_31_2019_CautionListMediumMemberMBISurveillanceCategoriesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash" id="Fact_12966767">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability" contextRef="PAsOn12_31_2019_CautionListHighMemberMBISurveillanceCategoriesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash" id="Fact_12966768">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability" contextRef="PAsOn12_31_2019_ClassifiedListMemberMBISurveillanceCategoriesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966769">965</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability" contextRef="PAsOn12_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966770">965</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Less:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Gross Potential Recoveries<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (4)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries" contextRef="PAsOn12_31_2019_CautionListLowMemberMBISurveillanceCategoriesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash" id="Fact_12966771">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries" contextRef="PAsOn12_31_2019_CautionListMediumMemberMBISurveillanceCategoriesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash" id="Fact_12966772">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries" contextRef="PAsOn12_31_2019_CautionListHighMemberMBISurveillanceCategoriesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash" id="Fact_12966773">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries" contextRef="PAsOn12_31_2019_ClassifiedListMemberMBISurveillanceCategoriesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966774">2,184</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries" contextRef="PAsOn12_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966775">2,184</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Discount, net<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (5)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount" contextRef="PAsOn12_31_2019_CautionListLowMemberMBISurveillanceCategoriesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash" id="Fact_12966776">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount" contextRef="PAsOn12_31_2019_CautionListMediumMemberMBISurveillanceCategoriesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash" id="Fact_12966777">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount" contextRef="PAsOn12_31_2019_CautionListHighMemberMBISurveillanceCategoriesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash" id="Fact_12966778">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount" contextRef="PAsOn12_31_2019_ClassifiedListMemberMBISurveillanceCategoriesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966779">453</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount" contextRef="PAsOn12_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966780">453</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Net claim liability (recoverable)</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiabilityRecoverable" contextRef="PAsOn12_31_2019_CautionListLowMemberMBISurveillanceCategoriesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiabilityRecoverable" contextRef="PAsOn12_31_2019_CautionListMediumMemberMBISurveillanceCategoriesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiabilityRecoverable" contextRef="PAsOn12_31_2019_CautionListHighMemberMBISurveillanceCategoriesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="mbi:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiabilityRecoverable" contextRef="PAsOn12_31_2019_ClassifiedListMemberMBISurveillanceCategoriesAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">766</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="mbi:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiabilityRecoverable" contextRef="PAsOn12_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">766</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Unearned premium revenue</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue" contextRef="PAsOn12_31_2019_CautionListLowMemberMBISurveillanceCategoriesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">6</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Reinsurance recoverable on paid and unpaid losses<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (6)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: center;"> <div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> </div>
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<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">An &#8220;issue&#8221; represents the aggregate of financial guarantee policies that share the same revenue source for purposes of making debt service payments on the insured debt.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(2)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Represents contractual principal and interest payments due by the issuer of the obligations insured by MBIA.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
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<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(3)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">The gross claim liability with respect to Puerto Rico exposures are net of expected recoveries for policies in a net payable position.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
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<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(4)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Gross potential recoveries with respect to certain Puerto Rico exposures are net of the claim liability for policies in a net recoverable position.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
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<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(5)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Represents discount related to Gross Claim Liability and Gross Potential Recoveries.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(6)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Included in &#8220;Other assets&#8221; on the Company&#8217;s consolidated balance sheets.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> </ix:continuation></ix:continuation><ix:nonNumeric name="us-gaap:FairValueDisclosuresTextBlock" contextRef="P01_01_2020To03_31_2020" escape="true" continuedAt="TextSelection_12966399"><div id="toc893688_14" style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 6: Fair Value of Financial Instruments </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Fair Value Measurement </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financial Assets and Liabilities </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financial assets held by the Company primarily consist of investments in debt securities, loans receivables at fair value and loan repurchase commitments held by consolidated VIEs. Financial liabilities, excluding derivative liabilities, issued by the Company primarily consist of debt issued for general corporate purposes within its corporate segment, medium-term notes (&#8220;MTNs&#8221;), investment agreements and debt issued by consolidated VIEs. The Company&#8217;s derivative liabilities are primarily interest rate swaps and insured credit derivatives. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Valuation Techniques </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Valuation techniques for financial instruments measured at fair value are described below. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;">Fixed-Maturity Securities Held as <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Available-For-Sale,</div> Investments Carried at Fair Value, Investments Pledged as Collateral and Short-term Investments</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">These investments include investments in U.S. Treasury and government agencies, state and municipal bonds, foreign governments, corporate obligations, MBS, ABS, money market securities, and perpetual debt and equity securities. </div></div></ix:nonNumeric> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"></div> </div> </div> <div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Inc. and Subsidiaries </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Notes to Consolidated Financial Statements (Unaudited) </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 6: Fair Value of Financial Instruments (continued) </div></div></div> <div style="margin-top: 6pt; margin-bottom: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <ix:continuation id="TextSelection_12966399" continuedAt="TextSelectionAppend_12966399_1"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Substantially all of these investments are valued based on recently executed transaction prices or quoted market prices by independent third parties, including pricing services and brokers. When quoted market prices are not available, fair value is generally determined using quoted prices of similar investments or a valuation model based on observable and unobservable inputs. Inputs vary depending on the type of investment. Observable inputs include contractual cash flows, interest rate yield curves, CDS spreads, prepayment and volatility scores, diversity scores, cross-currency basis index spreads, and credit spreads for structures similar to the financial instrument in terms of issuer, maturity and seniority. Unobservable inputs include cash flow projections and the value of any credit enhancement. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The investment in the fixed-income fund was measured at fair value by applying the net asset value per share practical expedient.&#160;The investment in the fixed-income fund may be redeemed on a quarterly basis with prior redemption notification of ninety days subject to withdrawal limitations.&#160;The investment is required to be held for a minimum of twelve months, and any subsequent quarterly redemption is limited to 25% of the investment or a complete redemption over four consecutive quarters in the amounts of 25%, 33%, 50%, and 100% of the remaining investment balance as of the first, second, third and fourth consecutive quarters, respectively. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments based on quoted market prices of identical investments in active markets are classified as Level&#160;1 of the fair value hierarchy. Level&#160;1 investments generally consist of U.S. Treasury and government agency and perpetual debt and equity securities. Quoted market prices of investments in less active markets, as well as investments which are valued based on other than quoted prices for which the inputs are observable, such as interest rate yield curves, are categorized in Level&#160;2 of the fair value hierarchy. Investments that contain significant inputs that are not observable are categorized as Level&#160;3. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Cash and Cash Equivalents </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The carrying amounts of cash and cash equivalents approximate fair value due to the short-term nature and credit worthiness of these instruments and are categorized in Level&#160;1 of the fair value hierarchy. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Loans Receivable at Fair Value </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Loans receivable at fair value are comprised of loans and other instruments held by consolidated VIEs consisting of residential mortgage loans are categorized in Level&#160;3 of the fair value hierarchy. Fair values of residential mortgage loans are determined using quoted prices for MBS issued by the respective VIE and adjusted for the fair values of the financial guarantees provided by MBIA Corp. on the related MBS. The fair values of the financial guarantees consider expected claim payments, net of recoveries, under MBIA Corp.&#8217;s policies. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Loan Repurchase Commitments </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Loan repurchase commitments are obligations owed by the sellers/servicers of mortgage loans to MBIA as reimbursement of paid claims. Loan repurchase commitments are assets of the consolidated VIEs. These assets represent the rights of MBIA against the sellers/servicers for breaches of representations and warranties that the securitized residential mortgage loans sold to the trust to comply with stated underwriting guidelines and for the sellers/servicers to cure, replace, or repurchase mortgage loans. Fair value measurements of loan repurchase commitments represent the amounts owed by the sellers/servicers to MBIA as reimbursement of paid claims and contractual interest. Loan repurchase commitments are not securities and no quoted prices or comparable market transaction information are observable or available. Fair values of loan repurchase commitments are determined using discounted cash flow techniques and are categorized in Level&#160;3 of the fair value hierarchy. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other Assets </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">A VIE consolidated by the Company has entered into a derivative instrument consisting of a cross currency swap. The cross currency swap is entered into to manage the variability in cash flows resulting from fluctuations in foreign currency rates. The fair value of the VIE derivative is determined based on inputs from unobservable cash flows projection of the derivative, discounted using observable discount rates. As the significant inputs are unobservable, the derivative contract is categorized in Level&#160;3 of the fair value hierarchy. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;">Other assets also include receivables representing the right to receive reimbursement payments on claim payments expected to be made on certain insured VIE liabilities due to risk mitigating transactions with third parties executed to effectively defease, or, <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">in-substance</div> commute the Company&#8217;s exposure on its financial guarantee policies. The right to receive reimbursement payments is based on the value of the Company&#8217;s financial guarantee determined using the cash flow model.&#160;The fair value of the financial guarantee primarily contains unobservable inputs and is categorized in Level&#160;3 of the fair value hierarchy.</div> </ix:continuation> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Inc. and Subsidiaries </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Notes to Consolidated Financial Statements (Unaudited) </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 6: Fair Value of Financial Instruments (continued) </div></div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <ix:continuation id="TextSelectionAppend_12966399_1" continuedAt="TextSelectionAppend_12966399_2"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Medium-term Notes at Fair Value </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company has elected to measure certain MTNs at fair value on a recurring basis. The fair values of certain MTNs are based on quoted market prices provided by third-party sources, where available. When quoted market prices are not available, the Company applies a matrix pricing grid to determine fair value based on the quoted market prices received for similar instruments and considering the MTNs&#8217; stated maturity and interest rate. Nonperformance risk is included in the quoted market prices and the matrix pricing grid. MTNs are categorized in Level&#160;3 of the fair value hierarchy and do not include accrued interest. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Variable Interest Entity Notes </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The fair values of VIE notes are determined based on recently executed transaction prices or quoted prices where observable. When position-specific quoted prices are not observable, fair values are based on quoted prices of similar securities. Fair values based on quoted prices of similar securities may be adjusted for factors unique to the securities, including any credit enhancement. Observable inputs include interest rate yield curves and bond spreads of similar securities. Unobservable inputs include the value of any credit enhancement. VIE notes are categorized in Level&#160;2 or Level&#160;3 of the fair value hierarchy based on the lowest level input that is significant to the fair value measurement in its entirety. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Derivatives </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The corporate segment has entered into derivative transactions primarily consisting of interest rate swaps. Fair values of <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">over-the-counter</div> derivatives are determined using valuation models based on observable inputs, nonperformance risk of the Company and nonperformance risk of the counterparties. Observable and market-based inputs include interest rate yields, credit spreads and volatilities. These derivatives are categorized in Level&#160;2 or Level&#160;3 of the fair value hierarchy based on the lowest level input that is significant to the fair value measurement in its entirety.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Derivatives&#8212;Insurance </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The derivative contracts insured by the Company cannot be legally traded and generally do not have observable market prices. The Company determines the fair values of certain insured credit derivatives using valuation models based on observable inputs and considering nonperformance risk of the Company. These insured credit derivatives are categorized in Level&#160;2 of the fair value hierarchy. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company uses an internally developed Direct Price Model to value an insured credit derivative that incorporates market prices or estimated prices for all collateral within the transaction, the present value of the market-implied potential losses, and nonperformance risk. The valuation of the insured credit derivative includes the impact of its credit standing. The insured credit derivative is categorized in Level&#160;3 of the fair value hierarchy based on unobservable inputs that are significant to the fair value measurement in its entirety. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Derivatives&#8212;Other </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company also has other derivative liabilities as a result of a commutation that occurred in 2014. The fair value of the derivative is determined using a discounted cash flow model. Key inputs include unobservable cash flows projected over the expected term of the derivative. As the significant inputs are unobservable, the derivative contract is categorized in Level&#160;3 of the fair value hierarchy. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other Liabilities </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other payable relates to certain contingent consideration. The fair value of the liability is based on the cash flow methodologies using observable and unobservable inputs. Unobservable inputs include invested asset balances and asset management fees that are significant to the fair value estimate and the liability is categorized in Level&#160;3 of the fair value hierarchy. </div></div> </ix:continuation> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">21</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"></div> </div> </div> <div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Inc. and Subsidiaries </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Notes to Consolidated Financial Statements (Unaudited) </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 6: Fair Value of Financial Instruments (continued) </div></div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <ix:continuation id="TextSelectionAppend_12966399_2" continuedAt="TextSelectionAppend_12966399_3"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Significant Unobservable Inputs </div></div></div></div> <ix:nonNumeric name="us-gaap:FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock" contextRef="P01_01_2020To03_31_2020" escape="true"><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following tables provide quantitative information regarding the significant unobservable inputs used by the Company for assets and liabilities measured at fair value on a recurring basis as of March&#160;31, 2020 and December&#160;31, 2019: </div></div>
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<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions </div></div></div> </td>
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<td colspan="3" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Fair&#160;Value&#160;as&#160;of&#160;</div></div></div> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">March&#160;31, 2020 </div></div></div> </td>
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<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Valuation Techniques </div></div></div> </td>
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<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Unobservable Input </div></div></div> </td>
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<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Range<br/> (Weighted Average) </div></div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Assets of consolidated VIEs: </div></div> </td>
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<td style="vertical-align: bottom; font-size: 10pt;"> <div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
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<td style="vertical-align: bottom; font-size: 10pt;"> <div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Loans receivable at fair value </div></div> </td>
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<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;">$</td>
<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" contextRef="PAsOn03_31_2020_ImpactOfFinancialGuaranteeMemberMBIUnobservableInputAxis_LoansReceivableMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_MarketPricesAdjustedForFinancialGuaranteesProvidedToVieObligationsMemberusgaapValuationTechniqueAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">98</ix:nonFraction> </div></div> </td>
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<td style="padding: 0px; vertical-align: top; white-space: nowrap; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Impact of financial guarantee<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(2)</div></div></div> </td>
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<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-<ix:nonFraction name="mbi:FairValueMeasurementRangePercentage" contextRef="PAsOn03_31_2020_ImpactOfFinancialGuaranteeMemberMBIUnobservableInputAxis_LoansReceivableMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_MarketPricesAdjustedForFinancialGuaranteesProvidedToVieObligationsMemberusgaapValuationTechniqueAxis_MinimumMembersrtRangeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_pure" decimals="2" scale="-2" sign="-" format="ixt:numdotdecimal" id="Fact_12966429">28</ix:nonFraction>%&#160;-&#160;<ix:nonFraction name="mbi:FairValueMeasurementRangePercentage" contextRef="PAsOn03_31_2020_ImpactOfFinancialGuaranteeMemberMBIUnobservableInputAxis_LoansReceivableMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_MarketPricesAdjustedForFinancialGuaranteesProvidedToVieObligationsMemberusgaapValuationTechniqueAxis_MaximumMembersrtRangeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_pure" decimals="2" scale="-2" format="ixt:numdotdecimal" id="Fact_12966430">161</ix:nonFraction>%&#160;(<ix:nonFraction name="mbi:FairValueMeasurementRangePercentage" contextRef="PAsOn03_31_2020_ImpactOfFinancialGuaranteeMemberMBIUnobservableInputAxis_LoansReceivableMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_MarketPricesAdjustedForFinancialGuaranteesProvidedToVieObligationsMemberusgaapValuationTechniqueAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis_WeightedAverageMembersrtRangeAxis" unitRef="Unit_pure" decimals="2" scale="-2" format="ixt:numdotdecimal" id="Fact_12966431">19</ix:nonFraction>%)<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(1)</div></div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Loan repurchase commitments </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;">&#160;</td>
<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" contextRef="PAsOn03_31_2020_DiscountedCashFlowMemberusgaapValuationTechniqueAxis_LoanRepurchaseCommitmentsMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_RecoveryRatesAndBreachRatesMemberMBIUnobservableInputAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">506</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Discounted cash flow </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; vertical-align: top; white-space: nowrap; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Recovery rates<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(3)</div> Breach rates<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(3)</div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;">&#160;</td>
<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;">&#160;</td> </tr>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: justify; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Liabilities of consolidated VIEs: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;">&#160;</td>
<td style="padding: 0px; text-align: justify; vertical-align: top; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; vertical-align: top; white-space: nowrap; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;">&#160;</td>
<td style="padding: 0px; text-align: justify; vertical-align: top; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Variable interest entity notes </div></div> </td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" contextRef="PAsOn03_31_2020_ImpactOfFinancialGuaranteeMemberMBIUnobservableInputAxis_QuotedMarketPricesOfVieAssetsAdjustedForFinancialGuaranteesProvidedMemberusgaapValuationTechniqueAxis_VariableInterestEntityNotesMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">281</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Market prices of VIE assets adjusted for financial guarantees provided </div></div> </td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Impact of financial guarantee </div></div> </td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; text-align: right; vertical-align: top; white-space: nowrap; background-color: rgb(204, 238, 255);"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal; white-space: nowrap;"><ix:nonFraction name="mbi:FairValueMeasurementRangePercentage" contextRef="PAsOn03_31_2020_ImpactOfFinancialGuaranteeMemberMBIUnobservableInputAxis_MinimumMembersrtRangeAxis_QuotedMarketPricesOfVieAssetsAdjustedForFinancialGuaranteesProvidedMemberusgaapValuationTechniqueAxis_VariableInterestEntityNotesMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_pure" decimals="2" scale="-2" format="ixt:numdotdecimal" id="Fact_12966435">34</ix:nonFraction>%<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">&#160;-</div>&#160;<ix:nonFraction name="mbi:FairValueMeasurementRangePercentage" contextRef="PAsOn03_31_2020_ImpactOfFinancialGuaranteeMemberMBIUnobservableInputAxis_MaximumMembersrtRangeAxis_QuotedMarketPricesOfVieAssetsAdjustedForFinancialGuaranteesProvidedMemberusgaapValuationTechniqueAxis_VariableInterestEntityNotesMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_pure" decimals="2" scale="-2" format="ixt:numdotdecimal" id="Fact_12966436">74</ix:nonFraction>%&#160;(<ix:nonFraction name="mbi:FairValueMeasurementRangePercentage" contextRef="PAsOn03_31_2020_ImpactOfFinancialGuaranteeMemberMBIUnobservableInputAxis_QuotedMarketPricesOfVieAssetsAdjustedForFinancialGuaranteesProvidedMemberusgaapValuationTechniqueAxis_VariableInterestEntityNotesMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis_WeightedAverageMembersrtRangeAxis" unitRef="Unit_pure" decimals="2" scale="-2" format="ixt:numdotdecimal" id="Fact_12966437">60</ix:nonFraction>%)<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt; white-space: nowrap;;display:inline;">(1)</div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td> </tr>
<tr style="font-size: 10pt; break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(255, 255, 255);"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">C<div style="letter-spacing: 0px; top: 0px;;display:inline;">redit d<div style="letter-spacing: 0px; top: 0px;;display:inline;">eri<div style="letter-spacing: 0px; top: 0px;;display:inline;">vative liabilit<div style="letter-spacing: 0px; top: 0px;;display:inline;">i</div>es<div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#8211;&#160;</div></div></div></div></div>CMBS </div></div> </td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(255, 255, 255);">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt; background-color: rgb(255, 255, 255);"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" contextRef="PAsOn03_31_2020_CommercialMortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_CreditDerivativesMembersrtConsolidatedEntitiesAxis_DirectPriceModelMemberusgaapValuationTechniqueAxis_NonperformanceRiskMemberMBIUnobservableInputAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">8</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(255, 255, 255);">&#160;</td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(255, 255, 255);">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(255, 255, 255);"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Direct Price Model </div></div> </td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(255, 255, 255);">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(255, 255, 255);"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Nonperformance risk </div></div> </td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(255, 255, 255);">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt; background-color: rgb(255, 255, 255);"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:FairValueMeasurementRangePercentage" contextRef="PAsOn03_31_2020_CommercialMortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_CreditDerivativesMembersrtConsolidatedEntitiesAxis_DirectPriceModelMemberusgaapValuationTechniqueAxis_MinimumMembersrtRangeAxis_NonperformanceRiskMemberMBIUnobservableInputAxis" unitRef="Unit_pure" decimals="2" scale="-2" format="ixt:numdotdecimal">54</ix:nonFraction>% - <ix:nonFraction name="mbi:FairValueMeasurementRangePercentage" contextRef="PAsOn03_31_2020_CommercialMortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_CreditDerivativesMembersrtConsolidatedEntitiesAxis_DirectPriceModelMemberusgaapValuationTechniqueAxis_MaximumMembersrtRangeAxis_NonperformanceRiskMemberMBIUnobservableInputAxis" unitRef="Unit_pure" decimals="2" scale="-2" format="ixt:numdotdecimal">54</ix:nonFraction>% (<ix:nonFraction name="mbi:FairValueMeasurementRangePercentage" contextRef="PAsOn03_31_2020_CommercialMortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_CreditDerivativesMembersrtConsolidatedEntitiesAxis_DirectPriceModelMemberusgaapValuationTechniqueAxis_NonperformanceRiskMemberMBIUnobservableInputAxis_WeightedAverageMembersrtRangeAxis" unitRef="Unit_pure" decimals="2" scale="-2" format="ixt:numdotdecimal">54</ix:nonFraction>%) </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(255, 255, 255);">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other derivative liabilities </div></div> </td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" contextRef="PAsOn03_31_2020_CashFlowsMemberMBIUnobservableInputAxis_DiscountedCashFlowMemberusgaapValuationTechniqueAxis_OtherDerivativesLiabilitiesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">37</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Discounted cash flow </div></div> </td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Cash flows </div></div> </td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">$<ix:nonFraction name="mbi:FairValueMeasurementRangePercentage" contextRef="PAsOn03_31_2020_CashFlowsMemberMBIUnobservableInputAxis_DiscountedCashFlowMemberusgaapValuationTechniqueAxis_MinimumMembersrtRangeAxis_OtherDerivativesLiabilitiesMemberusgaapFinancialInstrumentAxis_OtherDerivativesMembersrtConsolidatedEntitiesAxis" unitRef="Unit_pure" decimals="2" scale="-2" format="ixt:numdotdecimal" id="Fact_12966447">0</ix:nonFraction> - $<ix:nonFraction name="mbi:FairValueMeasurementRangePercentage" contextRef="PAsOn03_31_2020_CashFlowsMemberMBIUnobservableInputAxis_DiscountedCashFlowMemberusgaapValuationTechniqueAxis_MaximumMembersrtRangeAxis_OtherDerivativesLiabilitiesMemberusgaapFinancialInstrumentAxis_OtherDerivativesMembersrtConsolidatedEntitiesAxis" unitRef="Unit_pure" decimals="2" scale="-2" format="ixt:numdotdecimal" id="Fact_12966448">49</ix:nonFraction> ($<ix:nonFraction name="mbi:FairValueMeasurementRangePercentage" contextRef="PAsOn03_31_2020_CashFlowsMemberMBIUnobservableInputAxis_DiscountedCashFlowMemberusgaapValuationTechniqueAxis_OtherDerivativesLiabilitiesMemberusgaapFinancialInstrumentAxis_OtherDerivativesMembersrtConsolidatedEntitiesAxis_WeightedAverageMembersrtRangeAxis" unitRef="Unit_pure" decimals="2" scale="-2" format="ixt:numdotdecimal" id="Fact_12966449">25</ix:nonFraction>)<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(4)</div></div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: center;"> <div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> </div>
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<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Weighted average represents the total MBIA guarantees as a percentage of total instrument fair value.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
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<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(2)&#160;-</td>
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<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(3)&#160;-</td>
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<td style="width: 3%; vertical-align: top; white-space: nowrap;">(4)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Midpoint of cash flows are used for the weighted average.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div>
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<td style="font-family: Arial; padding: 0px;">&#160;</td> </tr>
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<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions </div></div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Fair&#160;Value&#160;as&#160;of<br/> December&#160;31,&#160;2019 </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Valuation Techniques </div></div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Unobservable Input </div></div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Range </div></div></div> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(Weighted Average) </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Assets of consolidated VIEs: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt;"> <div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt;"> <div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Loans receivable at fair&#160;value </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;">$</td>
<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" contextRef="PAsOn12_31_2019_ImpactOfFinancialGuaranteeMemberMBIUnobservableInputAxis_LoansReceivableMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_MarketPricesAdjustedForFinancialGuaranteesProvidedToVieObligationsMemberusgaapValuationTechniqueAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">136</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Market prices adjusted for financial guarantees provided to VIE obligations </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; vertical-align: top; white-space: nowrap; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Impact of financial guarantee<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(1)</div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;">&#160;</td>
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<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Loan repurchase commitments </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;">&#160;</td>
<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" contextRef="PAsOn12_31_2019_DiscountedCashFlowMemberusgaapValuationTechniqueAxis_LoanRepurchaseCommitmentsMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_RecoveryRatesAndBreachRatesMemberMBIUnobservableInputAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">486</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Discounted cash flow </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; vertical-align: top; white-space: nowrap; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Recovery rates<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(2)</div> Breach rates<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(2)</div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;">&#160;</td>
<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: justify; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Liabilities of consolidated VIEs: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;">&#160;</td>
<td style="padding: 0px; text-align: justify; vertical-align: top; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; vertical-align: top; white-space: nowrap; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;">&#160;</td>
<td style="padding: 0px; text-align: justify; vertical-align: top; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Variable interest entity notes </div></div> </td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" contextRef="PAsOn12_31_2019_ImpactOfFinancialGuaranteeMemberMBIUnobservableInputAxis_QuotedMarketPricesOfVieAssetsAdjustedForFinancialGuaranteesProvidedMemberusgaapValuationTechniqueAxis_VariableInterestEntityNotesMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">347</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Market prices of VIE assets adjusted for financial guarantees provided </div></div> </td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Impact of financial guarantee </div></div> </td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
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<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td> </tr>
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<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
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<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(255, 255, 255);">&#160;</td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(255, 255, 255);"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Nonperformance risk </div></div> </td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(255, 255, 255);">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
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<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" contextRef="PAsOn12_31_2019_CashFlowsMemberMBIUnobservableInputAxis_DiscountedCashFlowMemberusgaapValuationTechniqueAxis_OtherDerivativesLiabilitiesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">34</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Discounted cash flow </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Cash flows </div></div> </td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
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<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Negative percentage represents financial guarantee policies in a receivable position.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
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<td style="width: 3%; vertical-align: top; white-space: nowrap;">(2)&#160;-</td>
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<td style="width: 3%; vertical-align: top; white-space: nowrap;">(3)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Midpoint of cash flows are used for the weighted average.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div></ix:nonNumeric></ix:continuation> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Inc. and Subsidiaries </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Notes to Consolidated Financial Statements (Unaudited) </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 6: Fair Value of Financial Instruments (continued) </div></div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <ix:continuation id="TextSelectionAppend_12966399_3" continuedAt="TextSelectionAppend_12966399_4"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Sensitivity of Significant Unobservable Inputs </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The significant unobservable input used in the fair value measurement of the Company&#8217;s residential loans receivable at fair value of consolidated VIEs is the impact of the financial guarantee. The fair value of residential loans receivable is calculated by subtracting the value of the financial guarantee from the market value of VIE liabilities. The value of a financial guarantee is estimated by the Company as the present value of expected cash payments, net of recoveries, under the policy. If there had been a lower expected cash flow on the underlying loans receivable of the VIE, the value of the financial guarantee provided by the Company under the insurance policy would have been higher. This would have resulted in a lower fair value of the residential loans receivable in relation to the obligations of the VIE. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The significant unobservable inputs used in the fair value measurement of the Company&#8217;s loan repurchase commitments of consolidated VIEs are a breach rate, which represents the percentage of ineligible loans held within a trust, and a recovery rate, which reflects the estimate of future cash receipts including legal risk in the enforcement of the Company&#8217;s contractual rights. Significant increases or decreases in the breach rate assumptions would have resulted in significantly higher or lower fair values of the loan repurchase commitments, respectively. Additionally, changes in assumptions about the Company&#8217;s legal risk would have impacted the recovery rate assumptions, which would have significantly impacted the fair value measurement. The estimated recoveries of the loan repurchase commitments may differ from the actual recoveries that may be received in the future. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The significant unobservable input used in the fair value measurement of the Company&#8217;s VIE notes of consolidated VIEs is the impact of the financial guarantee. The fair value of VIE notes is calculated by adding the value of the financial guarantee to the market value of VIE assets. The value of a financial guarantee is estimated by the Company as the present value of expected cash payments under the policy. If the value of the guarantee provided by the Company to the obligations issued by the VIE had increased, the credit support would have added value to the liabilities of the VIE. This would have resulted in an increased fair value of the liabilities of the VIE. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The significant unobservable input used in the fair value measurement of MBIA Corp.&#8217;s commercial mortgage-backed securities (&#8220;CMBS&#8221;) credit derivative, which is valued using the Direct Price Model, is nonperformance risk. The nonperformance risk is an assumption of MBIA Corp.&#8217;s own ability to pay and whether MBIA Corp. will have the necessary resources to pay the obligations as they come due. Any significant increase or decrease in MBIA Corp.&#8217;s nonperformance risk would have resulted in a decrease or increase in the fair value of the derivative liabilities, respectively. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The significant unobservable input used in the fair value measurement of MBIA Corp.&#8217;s other derivatives, which are valued using a discounted cash flow model, is the estimates of future cash flows discounted using market rates and CDS spreads. 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<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="14" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair Value Measurements at Reporting Date Using</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Quoted&#160;Prices&#160;in<br/> Active Markets<br/> for Identical<br/> Assets (Level 1)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Significant<br/> Other<br/> Observable<br/> Inputs<br/> (Level 2)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Significant<br/> Unobservable<br/> Inputs (Level<br/> 3)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Counterparty<br/> and Cash<br/> Collateral<br/> Netting</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Balance&#160;as&#160;of<br/> March&#160;31,<br/> 2020</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Assets:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Fixed-maturity investments:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">U.S. Treasury and government agency</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherFixedMaturityInvestmentsMemberusgaapFinancialInstrumentAxis_USTreasuryAndGovernmentMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">763</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherFixedMaturityInvestmentsMemberusgaapFinancialInstrumentAxis_USTreasuryAndGovernmentMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">105</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherFixedMaturityInvestmentsMemberusgaapFinancialInstrumentAxis_USTreasuryAndGovernmentMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherFixedMaturityInvestmentsMemberusgaapFinancialInstrumentAxis_USTreasuryAndGovernmentMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">868</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">State and municipal bonds</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherFixedMaturityInvestmentsMemberusgaapFinancialInstrumentAxis_USStatesAndPoliticalSubdivisionsMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherFixedMaturityInvestmentsMemberusgaapFinancialInstrumentAxis_USStatesAndPoliticalSubdivisionsMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">192</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherFixedMaturityInvestmentsMemberusgaapFinancialInstrumentAxis_USStatesAndPoliticalSubdivisionsMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherFixedMaturityInvestmentsMemberusgaapFinancialInstrumentAxis_USStatesAndPoliticalSubdivisionsMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">192</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Foreign governments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ForeignGovernmentDebtMemberMBIInvestmentNotesAxis_OtherFixedMaturityInvestmentsMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ForeignGovernmentDebtMemberMBIInvestmentNotesAxis_OtherFixedMaturityInvestmentsMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">11</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ForeignGovernmentDebtMemberMBIInvestmentNotesAxis_OtherFixedMaturityInvestmentsMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ForeignGovernmentDebtMemberMBIInvestmentNotesAxis_OtherFixedMaturityInvestmentsMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">11</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Corporate obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_CorporateObligationsMemberMBIInvestmentNotesAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherFixedMaturityInvestmentsMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1,234</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_CorporateObligationsMemberMBIInvestmentNotesAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherFixedMaturityInvestmentsMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_CorporateObligationsMemberMBIInvestmentNotesAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherFixedMaturityInvestmentsMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1,234</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Mortgage-backed securities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Residential mortgage-backed agency</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_MortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_ResidentialMortgageBackedAgencyMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_MortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_ResidentialMortgageBackedAgencyMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">283</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_MortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_ResidentialMortgageBackedAgencyMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_MortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_ResidentialMortgageBackedAgencyMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">283</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Residential mortgage-backed <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-agency </div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_MortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_ResidentialMortgageBackedNonAgencyMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_MortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_ResidentialMortgageBackedNonAgencyMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">22</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_MortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_ResidentialMortgageBackedNonAgencyMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_MortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_ResidentialMortgageBackedNonAgencyMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">22</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Commercial mortgage-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_CommercialMortgageBackedSecuritiesMemberMBIInvestmentNotesAxis_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_MortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_CommercialMortgageBackedSecuritiesMemberMBIInvestmentNotesAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_MortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">21</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_CommercialMortgageBackedSecuritiesMemberMBIInvestmentNotesAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_MortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_CommercialMortgageBackedSecuritiesMemberMBIInvestmentNotesAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_MortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">21</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Asset-backed securities:</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Collateralized debt obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetBackedSecuritiesMemberusgaapFinancialInstrumentAxis_CollateralizedDebtObligationsMemberMBIInvestmentNotesAxis_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetBackedSecuritiesMemberusgaapFinancialInstrumentAxis_CollateralizedDebtObligationsMemberMBIInvestmentNotesAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">114</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetBackedSecuritiesMemberusgaapFinancialInstrumentAxis_CollateralizedDebtObligationsMemberMBIInvestmentNotesAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetBackedSecuritiesMemberusgaapFinancialInstrumentAxis_CollateralizedDebtObligationsMemberMBIInvestmentNotesAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">114</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other asset-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetBackedSecuritiesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherAssetBackedMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetBackedSecuritiesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherAssetBackedMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">279</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetBackedSecuritiesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherAssetBackedMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetBackedSecuritiesMemberusgaapFinancialInstrumentAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherAssetBackedMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">280</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 7em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total fixed-maturity investments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">763</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2,261</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">3,025</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Money market securities</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_MoneyMarketSecuritiesMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">35</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_MoneyMarketSecuritiesMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_MoneyMarketSecuritiesMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_MoneyMarketSecuritiesMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">35</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Perpetual debt and equity securities</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_PerpetualDebtAndEquitySecuritiesMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">27</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_PerpetualDebtAndEquitySecuritiesMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">21</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_PerpetualDebtAndEquitySecuritiesMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_PerpetualDebtAndEquitySecuritiesMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">48</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Fixed-income fund</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedIncomeFundsMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"><div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(1)</div>&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Cash and cash equivalents</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_CashAndCashEquivalentsMemberMBIInvestmentNotesAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">212</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Derivative assets:</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Non-insured</div> derivative assets:</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 5em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Interest rate derivatives</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_DerivativeAssetsMemberusgaapInvestmentTypeAxis_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_InterestRateDerivativesMemberMBIInvestmentNotesAxis_NonInsuredDerivativesMemberusgaapFairValueByLiabilityClassAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_DerivativeAssetsMemberusgaapInvestmentTypeAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_InterestRateDerivativesMemberMBIInvestmentNotesAxis_NonInsuredDerivativesMemberusgaapFairValueByLiabilityClassAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div></ix:nonNumeric></ix:continuation> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">24</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Inc. and Subsidiaries </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Notes to Consolidated Financial Statements (Unaudited) </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 6: Fair Value of Financial Instruments (continued) </div></div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <ix:continuation id="TextSelectionAppend_12966399_5" continuedAt="TextSelectionAppend_12966399_6"><ix:continuation id="TextSelection_12966413" continuedAt="TextSelectionAppend_12966413_1">
<table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-left:auto;margin-right:auto">
<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:47%;">&#160;</td>
<td style="width:7%;">&#160;</td>
<td>&#160;</td>
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<td>&#160;</td>
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<td>&#160;</td>
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<td>&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="15" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair Value Measurements at Reporting Date Using</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Quoted&#160;Prices&#160;in<br/> Active Markets<br/> for Identical<br/> Assets (Level 1)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Significant<br/> Other<br/> Observable<br/> Inputs<br/> (Level 2)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Significant<br/> Unobservable<br/> Inputs<br/> (Level&#160;3)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Counterparty<br/> and Cash<br/> Collateral<br/> Netting</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Balance&#160;as&#160;of<br/> March&#160;31,<br/> 2020</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Assets of consolidated VIEs:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Corporate obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_CorporateObligationsMemberMBIInvestmentNotesAxis_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_CorporateObligationsMemberMBIInvestmentNotesAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">8</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_CorporateObligationsMemberMBIInvestmentNotesAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_CorporateObligationsMemberMBIInvestmentNotesAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">8</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Mortgage-backed securities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Residential mortgage-backed <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-agency </div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_MortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_ResidentialMortgageBackedNonAgencyMemberMBIInvestmentNotesAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_MortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_ResidentialMortgageBackedNonAgencyMemberMBIInvestmentNotesAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">38</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_MortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_ResidentialMortgageBackedNonAgencyMemberMBIInvestmentNotesAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_MortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_ResidentialMortgageBackedNonAgencyMemberMBIInvestmentNotesAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">38</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Commercial mortgage-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_CommercialMortgageBackedSecuritiesMemberMBIInvestmentNotesAxis_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_MortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_CommercialMortgageBackedSecuritiesMemberMBIInvestmentNotesAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_MortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">15</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_CommercialMortgageBackedSecuritiesMemberMBIInvestmentNotesAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_MortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_CommercialMortgageBackedSecuritiesMemberMBIInvestmentNotesAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_MortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">15</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Asset-backed securities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Collateralized debt obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetBackedSecuritiesMemberusgaapFinancialInstrumentAxis_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_CollateralizedDebtObligationsMemberMBIInvestmentNotesAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">7</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetBackedSecuritiesMemberusgaapFinancialInstrumentAxis_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_CollateralizedDebtObligationsMemberMBIInvestmentNotesAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetBackedSecuritiesMemberusgaapFinancialInstrumentAxis_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_CollateralizedDebtObligationsMemberMBIInvestmentNotesAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">7</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other asset-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetBackedSecuritiesMemberusgaapFinancialInstrumentAxis_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_OtherAssetBackedMemberMBIInvestmentNotesAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetBackedSecuritiesMemberusgaapFinancialInstrumentAxis_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_OtherAssetBackedMemberMBIInvestmentNotesAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">7</ix:nonFraction></div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetBackedSecuritiesMemberusgaapFinancialInstrumentAxis_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_OtherAssetBackedMemberMBIInvestmentNotesAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetBackedSecuritiesMemberusgaapFinancialInstrumentAxis_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_OtherAssetBackedMemberMBIInvestmentNotesAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">7</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Cash</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_CashAndCashEquivalentsMemberMBIInvestmentNotesAxis_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">5</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_CashAndCashEquivalentsMemberMBIInvestmentNotesAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_CashAndCashEquivalentsMemberMBIInvestmentNotesAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_CashAndCashEquivalentsMemberMBIInvestmentNotesAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">5</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Loans receivable at fair value:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Residential loans receivable</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_LoansReceivableAndOtherInstrumentsAtFairValueMemberMBIInvestmentNotesAxis_ResidentialPortfolioSegmentMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_LoansReceivableAndOtherInstrumentsAtFairValueMemberMBIInvestmentNotesAxis_ResidentialPortfolioSegmentMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_LoansReceivableAndOtherInstrumentsAtFairValueMemberMBIInvestmentNotesAxis_ResidentialPortfolioSegmentMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">98</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_LoansReceivableAndOtherInstrumentsAtFairValueMemberMBIInvestmentNotesAxis_ResidentialPortfolioSegmentMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">98</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Loan repurchase commitments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_LoanRepurchaseCommitmentsMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_LoanRepurchaseCommitmentsMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_LoanRepurchaseCommitmentsMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">506</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_LoanRepurchaseCommitmentsMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">506</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other assets:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Currency derivatives</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_CurrencyDerivativesMemberMBIInvestmentNotesAxis_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_CurrencyDerivativesMemberMBIInvestmentNotesAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_CurrencyDerivativesMemberMBIInvestmentNotesAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">18</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_CurrencyDerivativesMemberMBIInvestmentNotesAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">18</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_OtherAssetsMemberMBIInvestmentNotesAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_OtherAssetsMemberMBIInvestmentNotesAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_OtherAssetsMemberMBIInvestmentNotesAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">15</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_OtherAssetsMemberMBIInvestmentNotesAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">15</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:11pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total assets</div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1,042</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2,358</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">638</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">4,083</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Liabilities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
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<td style="vertical-align:bottom;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Medium-term notes</div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_MediumTermNotesMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_MediumTermNotesMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">98</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_MediumTermNotesMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">98</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Derivative liabilities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Insured derivatives:</div> </td>
<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Credit derivatives</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn03_31_2020_CreditDerivativesMemberMBIInvestmentNotesAxis_DerivativeLiabilitiesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_InsuredDerivativesMemberusgaapFairValueByLiabilityClassAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn03_31_2020_CreditDerivativesMemberMBIInvestmentNotesAxis_DerivativeLiabilitiesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_InsuredDerivativesMemberusgaapFairValueByLiabilityClassAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn03_31_2020_CreditDerivativesMemberMBIInvestmentNotesAxis_DerivativeLiabilitiesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_InsuredDerivativesMemberusgaapFairValueByLiabilityClassAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">8</ix:nonFraction></div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn03_31_2020_CreditDerivativesMemberMBIInvestmentNotesAxis_DerivativeLiabilitiesMemberusgaapInvestmentTypeAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_InsuredDerivativesMemberusgaapFairValueByLiabilityClassAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">10</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Non-insured</div> derivatives:</div> </td>
<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Interest rate derivatives</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn03_31_2020_DerivativeLiabilitiesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_InterestRateDerivativesMemberMBIInvestmentNotesAxis_NonInsuredDerivativesMemberusgaapFairValueByLiabilityClassAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn03_31_2020_DerivativeLiabilitiesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_InterestRateDerivativesMemberMBIInvestmentNotesAxis_NonInsuredDerivativesMemberusgaapFairValueByLiabilityClassAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">190</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn03_31_2020_DerivativeLiabilitiesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_InterestRateDerivativesMemberMBIInvestmentNotesAxis_NonInsuredDerivativesMemberusgaapFairValueByLiabilityClassAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:DerivativeLiabilityFairValueGrossAssetAndRightToReclaimCashOffset" contextRef="PAsOn03_31_2020_DerivativeLiabilitiesMemberusgaapInvestmentTypeAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_InterestRateDerivativesMemberMBIInvestmentNotesAxis_NonInsuredDerivativesMemberusgaapFairValueByLiabilityClassAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">31</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn03_31_2020_DerivativeLiabilitiesMemberusgaapInvestmentTypeAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_InterestRateDerivativesMemberMBIInvestmentNotesAxis_NonInsuredDerivativesMemberusgaapFairValueByLiabilityClassAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">159</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn03_31_2020_DerivativeLiabilitiesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_NonInsuredDerivativesMemberusgaapFairValueByLiabilityClassAxis_OtherDerivativesMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn03_31_2020_DerivativeLiabilitiesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_NonInsuredDerivativesMemberusgaapFairValueByLiabilityClassAxis_OtherDerivativesMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn03_31_2020_DerivativeLiabilitiesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_NonInsuredDerivativesMemberusgaapFairValueByLiabilityClassAxis_OtherDerivativesMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">37</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn03_31_2020_DerivativeLiabilitiesMemberusgaapInvestmentTypeAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_NonInsuredDerivativesMemberusgaapFairValueByLiabilityClassAxis_OtherDerivativesMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">37</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Liabilities of consolidated VIEs:</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Variable interest entity notes</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_LiabilitiesOfConsolidatedViesMemberusgaapInvestmentTypeAxis_VariableInterestEntityNotesMemberMBIInvestmentNotesAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_LiabilitiesOfConsolidatedViesMemberusgaapInvestmentTypeAxis_VariableInterestEntityNotesMemberMBIInvestmentNotesAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">50</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_LiabilitiesOfConsolidatedViesMemberusgaapInvestmentTypeAxis_VariableInterestEntityNotesMemberMBIInvestmentNotesAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">281</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_LiabilitiesOfConsolidatedViesMemberusgaapInvestmentTypeAxis_VariableInterestEntityNotesMemberMBIInvestmentNotesAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">331</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:11pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total liabilities</div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">242</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">424</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:DerivativeLiabilityFairValueGrossAssetAndRightToReclaimCashOffset" contextRef="PAsOn03_31_2020_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">31</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn03_31_2020_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">635</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
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<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
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<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
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<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: center;"> <div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> </div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Investment that was measured at fair value by applying the net asset value per share practical expedient, and was required not to be classified in the fair value hierarchy.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> </ix:continuation> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> </ix:continuation> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">25</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"></div> </div> </div> <div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Inc. and Subsidiaries </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Notes to Consolidated Financial Statements (Unaudited) </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 6: Fair Value of Financial Instruments (continued) </div></div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <ix:continuation id="TextSelectionAppend_12966413_1" continuedAt="TextSelectionAppend_12966413_2"><ix:continuation id="TextSelectionAppend_12966399_6" continuedAt="TextSelectionAppend_12966399_7">
<table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-left:auto;margin-right:auto">
<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:56%;">&#160;</td>
<td style="width:8%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:8%;">&#160;</td>
<td>&#160;</td>
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<td>&#160;</td>
<td style="width:8%;">&#160;</td>
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<td>&#160;</td>
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<td>&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="11" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair&#160;Value&#160;Measurements&#160;at&#160;Reporting&#160;Date&#160;Using</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Quoted&#160;Prices&#160;in</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Significant</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Active Markets</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Other</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Significant</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">for Identical</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Observable</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unobservable</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Balance as of</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Assets</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Inputs</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Inputs</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">December&#160;31,</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="white-space: nowrap; vertical-align: bottom; text-align: left; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: inline-block; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">(Level 1)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">(Level 2)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">(Level 3)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">2019</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Assets:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Fixed-maturity investments:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">U.S. Treasury and government agency</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherFixedMaturityInvestmentsMemberusgaapFinancialInstrumentAxis_USTreasuryAndGovernmentMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">791</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherFixedMaturityInvestmentsMemberusgaapFinancialInstrumentAxis_USTreasuryAndGovernmentMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">97</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherFixedMaturityInvestmentsMemberusgaapFinancialInstrumentAxis_USTreasuryAndGovernmentMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherFixedMaturityInvestmentsMemberusgaapFinancialInstrumentAxis_USTreasuryAndGovernmentMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">888</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">State and municipal bonds</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherFixedMaturityInvestmentsMemberusgaapFinancialInstrumentAxis_USStatesAndPoliticalSubdivisionsMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherFixedMaturityInvestmentsMemberusgaapFinancialInstrumentAxis_USStatesAndPoliticalSubdivisionsMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">200</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherFixedMaturityInvestmentsMemberusgaapFinancialInstrumentAxis_USStatesAndPoliticalSubdivisionsMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherFixedMaturityInvestmentsMemberusgaapFinancialInstrumentAxis_USStatesAndPoliticalSubdivisionsMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">200</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Foreign governments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ForeignGovernmentDebtMemberMBIInvestmentNotesAxis_OtherFixedMaturityInvestmentsMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ForeignGovernmentDebtMemberMBIInvestmentNotesAxis_OtherFixedMaturityInvestmentsMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">10</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ForeignGovernmentDebtMemberMBIInvestmentNotesAxis_OtherFixedMaturityInvestmentsMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ForeignGovernmentDebtMemberMBIInvestmentNotesAxis_OtherFixedMaturityInvestmentsMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">10</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Corporate obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_CorporateObligationsMemberMBIInvestmentNotesAxis_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherFixedMaturityInvestmentsMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_CorporateObligationsMemberMBIInvestmentNotesAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherFixedMaturityInvestmentsMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1,266</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_CorporateObligationsMemberMBIInvestmentNotesAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherFixedMaturityInvestmentsMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_CorporateObligationsMemberMBIInvestmentNotesAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherFixedMaturityInvestmentsMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1,266</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Mortgage-backed securities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Residential mortgage-backed agency</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_MortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_ResidentialMortgageBackedAgencyMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_MortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_ResidentialMortgageBackedAgencyMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">330</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_MortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_ResidentialMortgageBackedAgencyMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_MortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_ResidentialMortgageBackedAgencyMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">330</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Residential mortgage-backed <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-agency </div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_MortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_ResidentialMortgageBackedNonAgencyMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_MortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_ResidentialMortgageBackedNonAgencyMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">19</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_MortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_ResidentialMortgageBackedNonAgencyMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_MortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_ResidentialMortgageBackedNonAgencyMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">19</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Commercial mortgage-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_CommercialMortgageBackedSecuritiesMemberMBIInvestmentNotesAxis_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_MortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_CommercialMortgageBackedSecuritiesMemberMBIInvestmentNotesAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_MortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">22</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_CommercialMortgageBackedSecuritiesMemberMBIInvestmentNotesAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_MortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_CommercialMortgageBackedSecuritiesMemberMBIInvestmentNotesAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_MortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">22</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Asset-backed securities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Collateralized debt obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetBackedSecuritiesMemberusgaapFinancialInstrumentAxis_CollateralizedDebtObligationsMemberMBIInvestmentNotesAxis_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetBackedSecuritiesMemberusgaapFinancialInstrumentAxis_CollateralizedDebtObligationsMemberMBIInvestmentNotesAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">140</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetBackedSecuritiesMemberusgaapFinancialInstrumentAxis_CollateralizedDebtObligationsMemberMBIInvestmentNotesAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetBackedSecuritiesMemberusgaapFinancialInstrumentAxis_CollateralizedDebtObligationsMemberMBIInvestmentNotesAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">140</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other asset-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetBackedSecuritiesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherAssetBackedMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetBackedSecuritiesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherAssetBackedMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">326</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetBackedSecuritiesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherAssetBackedMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetBackedSecuritiesMemberusgaapFinancialInstrumentAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherAssetBackedMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">327</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 5em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total fixed-maturity investments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">791</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2,410</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">3,202</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Money market securities</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_MoneyMarketSecuritiesMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">154</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_MoneyMarketSecuritiesMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_MoneyMarketSecuritiesMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_MoneyMarketSecuritiesMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">154</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Perpetual debt and equity securities</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_PerpetualDebtAndEquitySecuritiesMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">30</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_PerpetualDebtAndEquitySecuritiesMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">25</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_PerpetualDebtAndEquitySecuritiesMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_PerpetualDebtAndEquitySecuritiesMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">55</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Fixed-income fund</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedIncomeFundsMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedIncomeFundsMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_FixedIncomeFundsMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"><div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(1)</div>&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Cash and cash equivalents</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_CashAndCashEquivalentsMemberMBIInvestmentNotesAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">75</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Derivative assets:</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Non-insured</div> derivative assets:</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Interest rate derivatives</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_DerivativeAssetsMemberusgaapInvestmentTypeAxis_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_InterestRateDerivativesMemberMBIInvestmentNotesAxis_NonInsuredDerivativesMemberusgaapFairValueByLiabilityClassAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_DerivativeAssetsMemberusgaapInvestmentTypeAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_InterestRateDerivativesMemberMBIInvestmentNotesAxis_NonInsuredDerivativesMemberusgaapFairValueByLiabilityClassAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_DerivativeAssetsMemberusgaapInvestmentTypeAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_InterestRateDerivativesMemberMBIInvestmentNotesAxis_NonInsuredDerivativesMemberusgaapFairValueByLiabilityClassAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_DerivativeAssetsMemberusgaapInvestmentTypeAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_InterestRateDerivativesMemberMBIInvestmentNotesAxis_NonInsuredDerivativesMemberusgaapFairValueByLiabilityClassAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> </ix:continuation> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> </ix:continuation> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">26</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Inc. and Subsidiaries </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Notes to Consolidated Financial Statements (Unaudited) </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 6: Fair Value of Financial Instruments (continued) </div></div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <ix:continuation id="TextSelectionAppend_12966399_7" continuedAt="TextSelectionAppend_12966399_8"><ix:continuation id="TextSelectionAppend_12966413_2">
<table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-left:auto;margin-right:auto">
<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:57%;">&#160;</td>
<td style="width:7%;">&#160;</td>
<td>&#160;</td>
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<td>&#160;</td>
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<td>&#160;</td>
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<td>&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="11" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair&#160;Value&#160;Measurements&#160;at&#160;Reporting&#160;Date&#160;Using</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Quoted&#160;Prices&#160;in<br/> Active Markets<br/> for Identical<br/> Assets (Level 1)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Significant<br/> Other<br/> Observable<br/> Inputs<br/> (Level 2)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Significant<br/> Unobservable<br/> Inputs (Level<br/> 3)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Balance as of<br/> December&#160;31,<br/> 2019</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Assets of consolidated VIEs:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Corporate obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_CorporateObligationsMemberMBIInvestmentNotesAxis_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_CorporateObligationsMemberMBIInvestmentNotesAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">8</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_CorporateObligationsMemberMBIInvestmentNotesAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_CorporateObligationsMemberMBIInvestmentNotesAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">8</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Mortgage-backed securities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Residential mortgage-backed <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-agency </div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_MortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_ResidentialMortgageBackedNonAgencyMemberMBIInvestmentNotesAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_MortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_ResidentialMortgageBackedNonAgencyMemberMBIInvestmentNotesAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">45</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_MortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_ResidentialMortgageBackedNonAgencyMemberMBIInvestmentNotesAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_MortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_ResidentialMortgageBackedNonAgencyMemberMBIInvestmentNotesAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">45</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Commercial mortgage-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_CommercialMortgageBackedSecuritiesMemberMBIInvestmentNotesAxis_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_MortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_CommercialMortgageBackedSecuritiesMemberMBIInvestmentNotesAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_MortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">16</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_CommercialMortgageBackedSecuritiesMemberMBIInvestmentNotesAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_MortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_CommercialMortgageBackedSecuritiesMemberMBIInvestmentNotesAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_MortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">16</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Asset-backed securities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Collateralized debt obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetBackedSecuritiesMemberusgaapFinancialInstrumentAxis_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_CollateralizedDebtObligationsMemberMBIInvestmentNotesAxis_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetBackedSecuritiesMemberusgaapFinancialInstrumentAxis_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_CollateralizedDebtObligationsMemberMBIInvestmentNotesAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">6</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetBackedSecuritiesMemberusgaapFinancialInstrumentAxis_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_CollateralizedDebtObligationsMemberMBIInvestmentNotesAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetBackedSecuritiesMemberusgaapFinancialInstrumentAxis_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_CollateralizedDebtObligationsMemberMBIInvestmentNotesAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">6</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other asset-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetBackedSecuritiesMemberusgaapFinancialInstrumentAxis_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_OtherAssetBackedMemberMBIInvestmentNotesAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetBackedSecuritiesMemberusgaapFinancialInstrumentAxis_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_OtherAssetBackedMemberMBIInvestmentNotesAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">8</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetBackedSecuritiesMemberusgaapFinancialInstrumentAxis_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_OtherAssetBackedMemberMBIInvestmentNotesAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetBackedSecuritiesMemberusgaapFinancialInstrumentAxis_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_OtherAssetBackedMemberMBIInvestmentNotesAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">8</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Cash</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_CashAndCashEquivalentsMemberMBIInvestmentNotesAxis_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">8</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_CashAndCashEquivalentsMemberMBIInvestmentNotesAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_CashAndCashEquivalentsMemberMBIInvestmentNotesAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_CashAndCashEquivalentsMemberMBIInvestmentNotesAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">8</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Loans receivable at fair value:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Residential loans receivable</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_LoansReceivableAndOtherInstrumentsAtFairValueMemberMBIInvestmentNotesAxis_ResidentialPortfolioSegmentMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_LoansReceivableAndOtherInstrumentsAtFairValueMemberMBIInvestmentNotesAxis_ResidentialPortfolioSegmentMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_LoansReceivableAndOtherInstrumentsAtFairValueMemberMBIInvestmentNotesAxis_ResidentialPortfolioSegmentMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">136</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_LoansReceivableAndOtherInstrumentsAtFairValueMemberMBIInvestmentNotesAxis_ResidentialPortfolioSegmentMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">136</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Loan repurchase commitments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_LoanRepurchaseCommitmentsMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_LoanRepurchaseCommitmentsMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_LoanRepurchaseCommitmentsMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">486</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_LoanRepurchaseCommitmentsMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">486</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other assets:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 5em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Currency derivatives</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_CurrencyDerivativesMemberMBIInvestmentNotesAxis_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_CurrencyDerivativesMemberMBIInvestmentNotesAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_CurrencyDerivativesMemberMBIInvestmentNotesAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">8</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_CurrencyDerivativesMemberMBIInvestmentNotesAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">8</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 5em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_OtherAssetsMemberMBIInvestmentNotesAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_OtherAssetsMemberMBIInvestmentNotesAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_OtherAssetsMemberMBIInvestmentNotesAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">18</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_AssetsOfConsolidatedViesMemberusgaapInvestmentTypeAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_OtherAssetsMemberMBIInvestmentNotesAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">18</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:11pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total assets</div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1,058</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2,519</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">649</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">4,277</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Liabilities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:11pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Medium-term notes</div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_MediumTermNotesMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_MediumTermNotesMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_MediumTermNotesMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">108</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_MediumTermNotesMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">108</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Derivative liabilities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Insured derivatives:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Credit derivatives</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn12_31_2019_CreditDerivativesMemberMBIInvestmentNotesAxis_DerivativeLiabilitiesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_InsuredDerivativesMemberusgaapFairValueByLiabilityClassAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn12_31_2019_CreditDerivativesMemberMBIInvestmentNotesAxis_DerivativeLiabilitiesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_InsuredDerivativesMemberusgaapFairValueByLiabilityClassAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn12_31_2019_CreditDerivativesMemberMBIInvestmentNotesAxis_DerivativeLiabilitiesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_InsuredDerivativesMemberusgaapFairValueByLiabilityClassAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">7</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn12_31_2019_CreditDerivativesMemberMBIInvestmentNotesAxis_DerivativeLiabilitiesMemberusgaapInvestmentTypeAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_InsuredDerivativesMemberusgaapFairValueByLiabilityClassAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">9</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Non-insured</div> derivatives:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Interest rate derivatives</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn12_31_2019_DerivativeLiabilitiesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_InterestRateDerivativesMemberMBIInvestmentNotesAxis_NonInsuredDerivativesMemberusgaapFairValueByLiabilityClassAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn12_31_2019_DerivativeLiabilitiesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_InterestRateDerivativesMemberMBIInvestmentNotesAxis_NonInsuredDerivativesMemberusgaapFairValueByLiabilityClassAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">132</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn12_31_2019_DerivativeLiabilitiesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_InterestRateDerivativesMemberMBIInvestmentNotesAxis_NonInsuredDerivativesMemberusgaapFairValueByLiabilityClassAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn12_31_2019_DerivativeLiabilitiesMemberusgaapInvestmentTypeAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_InterestRateDerivativesMemberMBIInvestmentNotesAxis_NonInsuredDerivativesMemberusgaapFairValueByLiabilityClassAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">132</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn12_31_2019_DerivativeLiabilitiesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_NonInsuredDerivativesMemberusgaapFairValueByLiabilityClassAxis_OtherDerivativesMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn12_31_2019_DerivativeLiabilitiesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_NonInsuredDerivativesMemberusgaapFairValueByLiabilityClassAxis_OtherDerivativesMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn12_31_2019_DerivativeLiabilitiesMemberusgaapInvestmentTypeAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_NonInsuredDerivativesMemberusgaapFairValueByLiabilityClassAxis_OtherDerivativesMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">34</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn12_31_2019_DerivativeLiabilitiesMemberusgaapInvestmentTypeAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_NonInsuredDerivativesMemberusgaapFairValueByLiabilityClassAxis_OtherDerivativesMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">34</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other liabilities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other payable</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_OtherLiabilitiesMemberusgaapInvestmentTypeAxis_OtherPayableMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_OtherLiabilitiesMemberusgaapInvestmentTypeAxis_OtherPayableMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_OtherLiabilitiesMemberusgaapInvestmentTypeAxis_OtherPayableMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">4</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_OtherLiabilitiesMemberusgaapInvestmentTypeAxis_OtherPayableMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">4</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Liabilities of consolidated VIEs:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Variable interest entity notes</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_LiabilitiesOfConsolidatedViesMemberusgaapInvestmentTypeAxis_VariableInterestEntityNotesMemberMBIInvestmentNotesAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_LiabilitiesOfConsolidatedViesMemberusgaapInvestmentTypeAxis_VariableInterestEntityNotesMemberMBIInvestmentNotesAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">56</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_LiabilitiesOfConsolidatedViesMemberusgaapInvestmentTypeAxis_VariableInterestEntityNotesMemberMBIInvestmentNotesAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">347</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis_LiabilitiesOfConsolidatedViesMemberusgaapInvestmentTypeAxis_VariableInterestEntityNotesMemberMBIInvestmentNotesAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">403</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:11pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total liabilities</div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn12_31_2019_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsRecurringMemberusgaapFairValueByMeasurementFrequencyAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">190</ix:nonFraction></div> </td>
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<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">- Investment that was measured at fair value by applying the net asset value per share practical expedient, and was required not to be classified in the fair value hierarchy.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Level&#160;3 assets at fair value as of March&#160;31, 2020 and December&#160;31, 2019 represented approximately <ix:nonFraction name="mbi:ApproximatePercentageOfLevel3AssetsAtFairValueInTotalAssetsMeasuredAtFairValue" contextRef="PAsOn03_31_2020" unitRef="Unit_pure" decimals="INF" scale="-2" format="ixt:numdotdecimal">16</ix:nonFraction>% and <ix:nonFraction name="mbi:ApproximatePercentageOfLevel3AssetsAtFairValueInTotalAssetsMeasuredAtFairValue" contextRef="PAsOn12_31_2019" unitRef="Unit_pure" decimals="INF" scale="-2" format="ixt:numdotdecimal">15</ix:nonFraction>%, respectively, of total assets measured at fair value. 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<td colspan="10" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Fair&#160;Value&#160;Measurements&#160;at&#160;Reporting&#160;Date&#160;Using </div></div></div> </td>
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<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions </div></div></div> </td>
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<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Quoted&#160;Prices&#160;in<br/> Active&#160;Markets&#160;for<br/> Identical Assets<br/> (Level 1) </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
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<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Carry&#160;Value<br/> Balance&#160;as&#160;of<br/> March&#160;31,<br/> 2020 </div></div></div> </td>
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<td style="padding: 0px; vertical-align: top;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;">Investments <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">held-to-maturity </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:HeldToMaturitySecuritiesFairValue" contextRef="PAsOn03_31_2020_CarryingReportedAmountFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">529</ix:nonFraction> </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">572</ix:nonFraction> </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">572</ix:nonFraction> </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn03_31_2020_CarryingReportedAmountFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">529</ix:nonFraction> </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:LongTermDebtFairValue" contextRef="PAsOn03_31_2020_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">856</ix:nonFraction> </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:LongTermDebtFairValue" contextRef="PAsOn03_31_2020_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">856</ix:nonFraction> </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:LongTermDebtFairValue" contextRef="PAsOn03_31_2020_CarryingReportedAmountFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2,261</ix:nonFraction> </div></div> </td>
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<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:MediumTermNotes" contextRef="PAsOn03_31_2020_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">377</ix:nonFraction> </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:MediumTermNotes" contextRef="PAsOn03_31_2020_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">377</ix:nonFraction> </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:MediumTermNotes" contextRef="PAsOn03_31_2020_CarryingReportedAmountFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">563</ix:nonFraction> </div></div> </td>
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<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investment agreements </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:GuaranteedInvestmentAgreementsFairValue" contextRef="PAsOn03_31_2020_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:GuaranteedInvestmentAgreementsFairValue" contextRef="PAsOn03_31_2020_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:GuaranteedInvestmentAgreementsFairValue" contextRef="PAsOn03_31_2020_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">415</ix:nonFraction> </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:GuaranteedInvestmentAgreementsFairValue" contextRef="PAsOn03_31_2020_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">415</ix:nonFraction> </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:GuaranteedInvestmentAgreementsFairValue" contextRef="PAsOn03_31_2020_CarryingReportedAmountFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">295</ix:nonFraction> </div></div> </td>
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<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Liabilities of consolidated VIEs: </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
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<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Variable interest entity notes </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:NotesPayable" contextRef="PAsOn03_31_2020_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:NotesPayable" contextRef="PAsOn03_31_2020_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">261</ix:nonFraction> </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:NotesPayable" contextRef="PAsOn03_31_2020_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">570</ix:nonFraction> </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:NotesPayable" contextRef="PAsOn03_31_2020_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">831</ix:nonFraction> </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:NotesPayable" contextRef="PAsOn03_31_2020_CarryingReportedAmountFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">829</ix:nonFraction> </div></div> </td>
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<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
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<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total liabilities </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn03_31_2020_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn03_31_2020_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1,117</ix:nonFraction> </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn03_31_2020_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1,362</ix:nonFraction> </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn03_31_2020_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2,479</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn03_31_2020_CarryingReportedAmountFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">3,948</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
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<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
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<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
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<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
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<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financial Guarantees: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Gross liability (recoverable) </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:FinancialGuaranteeGross" contextRef="PAsOn03_31_2020_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:FinancialGuaranteeGross" contextRef="PAsOn03_31_2020_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:FinancialGuaranteeGross" contextRef="PAsOn03_31_2020_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">723</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:FinancialGuaranteeGross" contextRef="PAsOn03_31_2020_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">723</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="mbi:FinancialGuaranteeGross" contextRef="PAsOn03_31_2020_CarryingReportedAmountFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">177</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Ceded </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:FinancialGuaranteeCeded" contextRef="PAsOn03_31_2020_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:FinancialGuaranteeCeded" contextRef="PAsOn03_31_2020_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:FinancialGuaranteeCeded" contextRef="PAsOn03_31_2020_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">51</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
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<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
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<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Quoted&#160;Prices&#160;in<br/> Active&#160;Markets&#160;for<br/> Identical Assets<br/> (Level 1) </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
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<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Fair Value<br/> Balance as of<br/> December&#160;31,<br/> 2019 </div></div></div> </td>
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<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
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<td style="padding: 0px; vertical-align: top;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;">Investments <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">held-to-maturity </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
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<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total assets </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">892</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">892</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:AssetsFairValueDisclosure" contextRef="PAsOn12_31_2019_CarryingReportedAmountFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">890</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
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<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
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<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
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<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Liabilities: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Long-term debt </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:LongTermDebtFairValue" contextRef="PAsOn12_31_2019_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:LongTermDebtFairValue" contextRef="PAsOn12_31_2019_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1,073</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:LongTermDebtFairValue" contextRef="PAsOn12_31_2019_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:LongTermDebtFairValue" contextRef="PAsOn12_31_2019_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1,073</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:LongTermDebtFairValue" contextRef="PAsOn12_31_2019_CarryingReportedAmountFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2,228</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Medium-term notes </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:MediumTermNotes" contextRef="PAsOn12_31_2019_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:MediumTermNotes" contextRef="PAsOn12_31_2019_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:MediumTermNotes" contextRef="PAsOn12_31_2019_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">396</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:MediumTermNotes" contextRef="PAsOn12_31_2019_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">396</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:MediumTermNotes" contextRef="PAsOn12_31_2019_CarryingReportedAmountFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">570</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investment agreements </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:GuaranteedInvestmentAgreementsFairValue" contextRef="PAsOn12_31_2019_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:GuaranteedInvestmentAgreementsFairValue" contextRef="PAsOn12_31_2019_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:GuaranteedInvestmentAgreementsFairValue" contextRef="PAsOn12_31_2019_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">394</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:GuaranteedInvestmentAgreementsFairValue" contextRef="PAsOn12_31_2019_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">394</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:GuaranteedInvestmentAgreementsFairValue" contextRef="PAsOn12_31_2019_CarryingReportedAmountFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">304</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Liabilities of consolidated VIEs: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Variable interest entity notes </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:NotesPayable" contextRef="PAsOn12_31_2019_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:NotesPayable" contextRef="PAsOn12_31_2019_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">261</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:NotesPayable" contextRef="PAsOn12_31_2019_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">892</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:NotesPayable" contextRef="PAsOn12_31_2019_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1,153</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:NotesPayable" contextRef="PAsOn12_31_2019_CarryingReportedAmountFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1,136</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total liabilities </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn12_31_2019_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueInputsLevel1MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn12_31_2019_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueInputsLevel2MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1,334</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:LiabilitiesFairValueDisclosure" contextRef="PAsOn12_31_2019_EstimateOfFairValueFairValueDisclosureMemberusgaapFairValueByMeasurementBasisAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_FairValueMeasurementsNonrecurringMemberusgaapFairValueByMeasurementFrequencyAxis_ValueDisclosedAtFairValueNotRecordedAtFairValueMemberMBIDisclosedAtFairValueNotRecordedAtFairValueAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1,682</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
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<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div></ix:nonNumeric></ix:continuation> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">28</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"></div> </div> </div> <div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Inc. and Subsidiaries </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Notes to Consolidated Financial Statements (Unaudited) </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 6: Fair Value of Financial Instruments (continued) </div></div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <ix:continuation id="TextSelectionAppend_12966399_9" continuedAt="TextSelectionAppend_12966399_10"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following tables present information about changes in Level&#160;3 assets (including short-term investments) and liabilities measured at fair value on a recurring basis for the three months ended March&#160;31, 2020 and 2019: </div></div> <ix:nonNumeric name="us-gaap:FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock" contextRef="P01_01_2020To03_31_2020" escape="true" continuedAt="TextSelection_12966455"><div style="text-align: center; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 12pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Changes in Level&#160;3 Assets and Liabilities Measured at Fair Value on a Recurring Basis for the Three Months Ended March&#160;31, 2020 </div></div></div>
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<tr style="page-break-inside:avoid;font-size:6pt;">
<td style="white-space: nowrap; vertical-align: bottom; text-align: left; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: inline-block; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Balance,<br/> Beginning<br/> of Period</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Total<br/> Gains /<br/> (Losses)<br/> Included<br/> in<br/> Earnings</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unrealized<br/> Gains /<br/> (Losses)<br/> Included<br/> in OCI<div style="font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;">(1)</div></div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Purchases</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Issuances</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Settlements</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Sales</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Transfers<br/> into<br/> Level&#160;3</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Transfers<br/> out of<br/> Level&#160;3</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Ending<br/> Balance</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Change in<br/> Unrealized<br/> Gains<br/> (Losses)&#160;for<br/> the Period<br/> Included in<br/> Earnings<br/> for Assets<br/> still held as<br/> of<br/> March&#160;31,<br/> 2020</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Change in<br/> Unrealized<br/> Gains<br/> (Losses)&#160;for<br/> the Period<br/> Included in<br/> OCI for<br/> Assets still<br/> held as of<br/> March&#160;31,<br/> 2020<div style="font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;">(1)</div></div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Assets:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other asset-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" contextRef="PAsOn12_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherAssetBackedMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherAssetBackedMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherAssetBackedMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherAssetBackedMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherAssetBackedMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherAssetBackedMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherAssetBackedMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherAssetBackedMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" contextRef="PAsOn12_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_ResidentialPortfolioSegmentMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">136</ix:nonFraction></div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_ResidentialPortfolioSegmentMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">35</ix:nonFraction></div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_ResidentialPortfolioSegmentMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueAssetRecurringBasisStillHeldUnrealizedGainLossOci" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_ResidentialPortfolioSegmentMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Loan repurchase commitments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" contextRef="PAsOn12_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_LoanRepurchaseCommitmentsMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">486</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_LoanRepurchaseCommitmentsMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">20</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_LoanRepurchaseCommitmentsMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_LoanRepurchaseCommitmentsMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_LoanRepurchaseCommitmentsMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_LoanRepurchaseCommitmentsMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_LoanRepurchaseCommitmentsMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_LoanRepurchaseCommitmentsMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_LoanRepurchaseCommitmentsMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" contextRef="PAsOn03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_LoanRepurchaseCommitmentsMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">506</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_LoanRepurchaseCommitmentsMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">20</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueAssetRecurringBasisStillHeldUnrealizedGainLossOci" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_LoanRepurchaseCommitmentsMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Currency derivatives</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" contextRef="PAsOn12_31_2019_CurrencyDerivativesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">8</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" contextRef="P01_01_2020To03_31_2020_CurrencyDerivativesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">10</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss" contextRef="P01_01_2020To03_31_2020_CurrencyDerivativesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases" contextRef="P01_01_2020To03_31_2020_CurrencyDerivativesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues" contextRef="P01_01_2020To03_31_2020_CurrencyDerivativesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements" contextRef="P01_01_2020To03_31_2020_CurrencyDerivativesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales" contextRef="P01_01_2020To03_31_2020_CurrencyDerivativesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3" contextRef="P01_01_2020To03_31_2020_CurrencyDerivativesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3" contextRef="P01_01_2020To03_31_2020_CurrencyDerivativesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" contextRef="PAsOn03_31_2020_CurrencyDerivativesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">18</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease" contextRef="P01_01_2020To03_31_2020_CurrencyDerivativesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">10</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueAssetRecurringBasisStillHeldUnrealizedGainLossOci" contextRef="P01_01_2020To03_31_2020_CurrencyDerivativesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" contextRef="PAsOn12_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherAssetsMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">18</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherAssetsMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">3</ix:nonFraction></div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherAssetsMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherAssetsMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherAssetsMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherAssetsMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherAssetsMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherAssetsMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherAssetsMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" contextRef="PAsOn03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherAssetsMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">15</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherAssetsMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">3</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueAssetRecurringBasisStillHeldUnrealizedGainLossOci" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherAssetsMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total assets</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" contextRef="PAsOn12_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">649</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">8</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">3</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" contextRef="PAsOn03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">638</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">8</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueAssetRecurringBasisStillHeldUnrealizedGainLossOci" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div></ix:nonNumeric><ix:nonNumeric name="us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock" contextRef="P01_01_2020To03_31_2020" escape="true" continuedAt="TextSelection_12966416">
<table border="0" cellpadding="0" cellspacing="0" style="font-size:8pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:59%;">&#160;</td>
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<tr style="page-break-inside:avoid;font-size:6pt;">
<td style="white-space: nowrap; vertical-align: bottom; text-align: left; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: inline-block; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Balance,<br/> Beginning<br/> of Period</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Total<br/> (Gains) /<br/> Losses<br/> Included<br/> in<br/> Earnings</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unrealized<br/> (Gains) /<br/> Losses<br/> Included<br/> in in OCI<div style="font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;">(2)</div></div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Purchases</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Issuances</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Settlements</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Sales</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Transfers<br/> into<br/> Level&#160;3</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Transfers<br/> out of<br/> Level&#160;3</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Ending<br/> Balance</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Change in<br/> Unrealized<br/> (Gains)<br/> Losses for<br/> the Period<br/> Included&#160;in<br/> Earnings&#160;for<br/> Liabilities<br/> still held as<br/> of March&#160;31,<br/> 2020</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Change in<br/> Unrealized<br/> (Gains)<br/> Losses for<br/> the Period<br/> Included&#160;in<br/> OCI for<br/> Liabilities<br/> still held<br/> as of<br/> March&#160;31,<br/> 2020<div style="font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;">(2)</div></div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Liabilities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Medium-term notes</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" contextRef="PAsOn12_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_MediumTermNotesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">108</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_MediumTermNotesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_MediumTermNotesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">12</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_MediumTermNotesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_MediumTermNotesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_MediumTermNotesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_MediumTermNotesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_MediumTermNotesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_MediumTermNotesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" contextRef="PAsOn03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_MediumTermNotesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">98</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_MediumTermNotesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:FairValueLiabilityRecurringBasisStillHeldUnrealizedGainLossOci" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_MediumTermNotesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">12</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Credit derivatives</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" contextRef="PAsOn12_31_2019_CreditDerivativesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">7</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" contextRef="P01_01_2020To03_31_2020_CreditDerivativesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome" contextRef="P01_01_2020To03_31_2020_CreditDerivativesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases" contextRef="P01_01_2020To03_31_2020_CreditDerivativesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues" contextRef="P01_01_2020To03_31_2020_CreditDerivativesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements" contextRef="P01_01_2020To03_31_2020_CreditDerivativesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales" contextRef="P01_01_2020To03_31_2020_CreditDerivativesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3" contextRef="P01_01_2020To03_31_2020_CreditDerivativesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3" contextRef="P01_01_2020To03_31_2020_CreditDerivativesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" contextRef="PAsOn03_31_2020_CreditDerivativesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">8</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease" contextRef="P01_01_2020To03_31_2020_CreditDerivativesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueLiabilityRecurringBasisStillHeldUnrealizedGainLossOci" contextRef="P01_01_2020To03_31_2020_CreditDerivativesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other derivatives</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" contextRef="PAsOn12_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherDerivativesLiabilitiesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">34</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherDerivativesLiabilitiesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">3</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherDerivativesLiabilitiesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherDerivativesLiabilitiesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherDerivativesLiabilitiesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherDerivativesLiabilitiesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherDerivativesLiabilitiesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherDerivativesLiabilitiesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherDerivativesLiabilitiesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" contextRef="PAsOn03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherDerivativesLiabilitiesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">37</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherDerivativesLiabilitiesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">3</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherPayableMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherPayableMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherPayableMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherPayableMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">4</ix:nonFraction></div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherPayableMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" contextRef="PAsOn03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherPayableMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Liabilities of consolidated VIEs:</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">VIE notes</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" contextRef="PAsOn12_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_VariableInterestEntityNotesMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">347</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_VariableInterestEntityNotesMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">25</ix:nonFraction></div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_VariableInterestEntityNotesMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_VariableInterestEntityNotesMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">5</ix:nonFraction></div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_VariableInterestEntityNotesMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_VariableInterestEntityNotesMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_VariableInterestEntityNotesMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" contextRef="PAsOn03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_VariableInterestEntityNotesMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">281</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_VariableInterestEntityNotesMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">28</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:FairValueLiabilityRecurringBasisStillHeldUnrealizedGainLossOci" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_VariableInterestEntityNotesMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">34</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total liabilities</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" contextRef="PAsOn12_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">500</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">19</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">48</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">9</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" contextRef="PAsOn03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">424</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">22</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:FairValueLiabilityRecurringBasisStillHeldUnrealizedGainLossOci" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">46</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: center;"> <div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> </div>
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<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Reported within the &#8220;Unrealized gains (losses) on <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">available-for-sale</div> securities&#8221; on MBIA&#8217;s Consolidated Statement of Comprehensive Income/Loss.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
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<td style="width: 3%; vertical-align: top; white-space: nowrap;">(2)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Reported within the &#8220;Instrument-specific credit risk of liabilities measured at fair value&#8221; on MBIA&#8217;s Consolidated Statement of Comprehensive Income/Loss.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div></ix:nonNumeric></ix:continuation> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">29</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"></div> </div> </div> <div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Inc. and Subsidiaries </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Notes to Consolidated Financial Statements (Unaudited) </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 6: Fair Value of Financial Instruments (continued) </div></div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <ix:continuation id="TextSelectionAppend_12966399_10" continuedAt="TextSelectionAppend_12966399_11"><ix:continuation id="TextSelection_12966455"> <div style="text-align: center; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Changes in Level&#160;3 Assets and Liabilities Measured at Fair Value on a Recurring Basis for the Three Months Ended March&#160;31, 2019 </div></div></div>
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<td style="white-space: nowrap; vertical-align: bottom; text-align: left; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: inline-block; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Balance,<br/> Beginning<br/> of Period</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Total<br/> Gains /<br/> (Losses)<br/> Included<br/> in<br/> Earnings</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unrealized<br/> Gains /<br/> (Losses)<br/> Included<br/> in OCI</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Purchases</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
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<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Issuances</div></div> </td>
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<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Settlements</div></div> </td>
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<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Sales</div></div> </td>
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<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Transfers<br/> into<br/> Level&#160;3<div style="font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;">(1)</div></div></div> </td>
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<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Change in<br/> Unrealized<br/> Gains<br/> (Losses)&#160;for<br/> the Period<br/> Included in<br/> Earnings&#160;for<br/> Assets still<br/> held as of<br/> March&#160;31,<br/> 2019</div></div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3" contextRef="P01_01_2019To03_31_2019_CommercialMortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;">
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherAssetBackedMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherAssetBackedMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherAssetBackedMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherAssetBackedMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherAssetBackedMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" contextRef="PAsOn03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherAssetBackedMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherAssetBackedMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Assets of consolidated VIEs:</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Corporate obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" contextRef="PAsOn12_31_2018_CorporateObligationMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">5</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" contextRef="P01_01_2019To03_31_2019_CorporateObligationMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss" contextRef="P01_01_2019To03_31_2019_CorporateObligationMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease" contextRef="P01_01_2019To03_31_2019_CollateralizedDebtObligationsMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
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<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_ResidentialPortfolioSegmentMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_ResidentialPortfolioSegmentMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" contextRef="PAsOn03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_ResidentialPortfolioSegmentMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">206</ix:nonFraction></div> </td>
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<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" contextRef="PAsOn12_31_2018_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_LoanRepurchaseCommitmentsMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">418</ix:nonFraction></div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_LoanRepurchaseCommitmentsMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_LoanRepurchaseCommitmentsMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_LoanRepurchaseCommitmentsMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_LoanRepurchaseCommitmentsMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_LoanRepurchaseCommitmentsMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_LoanRepurchaseCommitmentsMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_LoanRepurchaseCommitmentsMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" contextRef="PAsOn03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_LoanRepurchaseCommitmentsMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">420</ix:nonFraction></div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_LoanRepurchaseCommitmentsMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2</ix:nonFraction></div> </td>
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<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Currency derivatives</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss" contextRef="P01_01_2019To03_31_2019_CurrencyDerivativesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases" contextRef="P01_01_2019To03_31_2019_CurrencyDerivativesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues" contextRef="P01_01_2019To03_31_2019_CurrencyDerivativesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements" contextRef="P01_01_2019To03_31_2019_CurrencyDerivativesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales" contextRef="P01_01_2019To03_31_2019_CurrencyDerivativesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3" contextRef="P01_01_2019To03_31_2019_CurrencyDerivativesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3" contextRef="P01_01_2019To03_31_2019_CurrencyDerivativesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" contextRef="PAsOn03_31_2019_CurrencyDerivativesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">14</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease" contextRef="P01_01_2019To03_31_2019_CurrencyDerivativesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">3</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" contextRef="PAsOn12_31_2018_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherAssetsMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">14</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherAssetsMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">1</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherAssetsMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherAssetsMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherAssetsMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherAssetsMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherAssetsMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherAssetsMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherAssetsMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" contextRef="PAsOn03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherAssetsMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">15</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherAssetsMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total assets</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" contextRef="PAsOn12_31_2018_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">637</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">42</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">10</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" contextRef="PAsOn03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">669</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">42</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
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<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> </ix:continuation><ix:continuation id="TextSelection_12966416">
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<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
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<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Total<br/> (Gains) /<br/> Losses<br/> Included<br/> in<br/> Earnings</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unrealized<br/> (Gains) /<br/> Losses<br/> Included<br/> in OCI</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Purchases</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Issuances</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Settlements</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Sales</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Transfers<br/> into<br/> Level&#160;3<div style="font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;">(1)</div></div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
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<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Ending<br/> Balance</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
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<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Liabilities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Medium-term notes</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" contextRef="PAsOn12_31_2018_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_MediumTermNotesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">102</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_MediumTermNotesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_MediumTermNotesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_MediumTermNotesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_MediumTermNotesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_MediumTermNotesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_MediumTermNotesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" contextRef="PAsOn03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_MediumTermNotesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">106</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_MediumTermNotesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">7</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Credit derivatives</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" contextRef="PAsOn12_31_2018_CreditDerivativesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">33</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" contextRef="P01_01_2019To03_31_2019_CreditDerivativesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">14</ix:nonFraction></div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome" contextRef="P01_01_2019To03_31_2019_CreditDerivativesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases" contextRef="P01_01_2019To03_31_2019_CreditDerivativesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues" contextRef="P01_01_2019To03_31_2019_CreditDerivativesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements" contextRef="P01_01_2019To03_31_2019_CreditDerivativesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales" contextRef="P01_01_2019To03_31_2019_CreditDerivativesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3" contextRef="P01_01_2019To03_31_2019_CreditDerivativesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3" contextRef="P01_01_2019To03_31_2019_CreditDerivativesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" contextRef="PAsOn03_31_2019_CreditDerivativesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">19</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease" contextRef="P01_01_2019To03_31_2019_CreditDerivativesMemberusgaapFinancialInstrumentAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">14</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other derivatives</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" contextRef="PAsOn12_31_2018_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherDerivativesLiabilitiesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">7</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherDerivativesLiabilitiesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherDerivativesLiabilitiesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherDerivativesLiabilitiesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherDerivativesLiabilitiesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherDerivativesLiabilitiesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherDerivativesLiabilitiesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherDerivativesLiabilitiesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherDerivativesLiabilitiesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" contextRef="PAsOn03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherDerivativesLiabilitiesMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">7</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_OtherPayableMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">VIE notes</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_VariableInterestEntityNotesMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
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<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
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<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
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<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
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<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" contextRef="PAsOn12_31_2018_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">513</ix:nonFraction></div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">5</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" contextRef="PAsOn03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">532</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">26</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
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<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
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<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
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<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
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<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
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<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
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<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
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<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
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<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: center;"> <div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> </div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">- Transferred in and out at the end of the period.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> </ix:continuation> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For the three months ended March&#160;31, 2020 and 2019, there were no transfers into or out of Level&#160;3. </div></div> </ix:continuation> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">30</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"></div> </div> </div> <div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Inc. and Subsidiaries </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Notes to Consolidated Financial Statements (Unaudited) </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 6: Fair Value of Financial Instruments (continued) </div></div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <ix:continuation id="TextSelectionAppend_12966399_11" continuedAt="TextSelectionAppend_12966399_12"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Gains and losses (realized and unrealized) included in earnings related to Level&#160;3 assets and liabilities for the three months ended March&#160;31, 2020 and 2019 are reported on the Company&#8217;s consolidated statements of operations as follows: </div></div> <ix:nonNumeric name="us-gaap:FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock" contextRef="P01_01_2020To03_31_2020" escape="true">
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<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:84%;">&#160;</td>
<td style="width:1%;">&#160;</td>
<td>&#160;</td>
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<td style="width:1%;">&#160;</td>
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<td style="width:1%;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="6" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Three&#160;Months&#160;Ended&#160;March&#160;31,&#160;2020</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="6" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Three&#160;Months&#160;Ended&#160;March&#160;31,&#160;2019</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Change in</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Change in</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unrealized</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unrealized</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Gains (Losses)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Gains (Losses)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">for the</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">for the</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Period Included</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Period Included</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">in Earnings</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">in Earnings</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">for Assets</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">for Assets</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">and</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">and</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Total Gains</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Liabilities still</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Total Gains</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Liabilities still</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">(Losses)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">held as of</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">(Losses)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">held as of</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Included</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">March&#160;31,</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Included</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">March&#160;31,</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">in Earnings</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">2020</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">in Earnings</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">2019</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Revenues:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Unrealized gains (losses) on insured derivatives</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:UnrealizedGainLossOnDerivatives" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_TotalGainsLossesIncludedInEarningsMemberMBIFairValueByConsolidatedStatementsOfOperationsAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">1</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:UnrealizedGainLossOnDerivatives" contextRef="P01_01_2020To03_31_2020_ChangeInUnrealizedGainsLossesForPeriodIncludedInEarningsForAssetsAndLiabilitiesStillHeldMemberMBIFairValueByConsolidatedStatementsOfOperationsAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">1</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:UnrealizedGainLossOnDerivatives" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_TotalGainsLossesIncludedInEarningsMemberMBIFairValueByConsolidatedStatementsOfOperationsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">14</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:UnrealizedGainLossOnDerivatives" contextRef="P01_01_2019To03_31_2019_ChangeInUnrealizedGainsLossesForPeriodIncludedInEarningsForAssetsAndLiabilitiesStillHeldMemberMBIFairValueByConsolidatedStatementsOfOperationsAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">14</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Net gains (losses) on financial instruments at fair value and foreign exchange</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_TotalGainsLossesIncludedInEarningsMemberMBIFairValueByConsolidatedStatementsOfOperationsAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">5</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" contextRef="P01_01_2020To03_31_2020_ChangeInUnrealizedGainsLossesForPeriodIncludedInEarningsForAssetsAndLiabilitiesStillHeldMemberMBIFairValueByConsolidatedStatementsOfOperationsAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">5</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_TotalGainsLossesIncludedInEarningsMemberMBIFairValueByConsolidatedStatementsOfOperationsAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">7</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" contextRef="P01_01_2019To03_31_2019_ChangeInUnrealizedGainsLossesForPeriodIncludedInEarningsForAssetsAndLiabilitiesStillHeldMemberMBIFairValueByConsolidatedStatementsOfOperationsAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">7</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other net realized gains (losses)</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:OtherIncome" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_TotalGainsLossesIncludedInEarningsMemberMBIFairValueByConsolidatedStatementsOfOperationsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:OtherIncome" contextRef="P01_01_2020To03_31_2020_ChangeInUnrealizedGainsLossesForPeriodIncludedInEarningsForAssetsAndLiabilitiesStillHeldMemberMBIFairValueByConsolidatedStatementsOfOperationsAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:OtherIncome" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_TotalGainsLossesIncludedInEarningsMemberMBIFairValueByConsolidatedStatementsOfOperationsAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">1</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:OtherIncome" contextRef="P01_01_2019To03_31_2019_ChangeInUnrealizedGainsLossesForPeriodIncludedInEarningsForAssetsAndLiabilitiesStillHeldMemberMBIFairValueByConsolidatedStatementsOfOperationsAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">1</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Revenues of consolidated VIEs:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Net gains (losses) on financial instruments at fair value and foreign exchange</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_TotalGainsLossesIncludedInEarningsMemberMBIFairValueByConsolidatedStatementsOfOperationsAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">17</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" contextRef="P01_01_2020To03_31_2020_ChangeInUnrealizedGainsLossesForPeriodIncludedInEarningsForAssetsAndLiabilitiesStillHeldMemberMBIFairValueByConsolidatedStatementsOfOperationsAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">20</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_TotalGainsLossesIncludedInEarningsMemberMBIFairValueByConsolidatedStatementsOfOperationsAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" contextRef="P01_01_2019To03_31_2019_ChangeInUnrealizedGainsLossesForPeriodIncludedInEarningsForAssetsAndLiabilitiesStillHeldMemberMBIFairValueByConsolidatedStatementsOfOperationsAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">10</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings" contextRef="P01_01_2020To03_31_2020_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_TotalGainsLossesIncludedInEarningsMemberMBIFairValueByConsolidatedStatementsOfOperationsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">11</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings" contextRef="P01_01_2020To03_31_2020_ChangeInUnrealizedGainsLossesForPeriodIncludedInEarningsForAssetsAndLiabilitiesStillHeldMemberMBIFairValueByConsolidatedStatementsOfOperationsAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">14</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings" contextRef="P01_01_2019To03_31_2019_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis_TotalGainsLossesIncludedInEarningsMemberMBIFairValueByConsolidatedStatementsOfOperationsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">7</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings" contextRef="P01_01_2019To03_31_2019_ChangeInUnrealizedGainsLossesForPeriodIncludedInEarningsForAssetsAndLiabilitiesStillHeldMemberMBIFairValueByConsolidatedStatementsOfOperationsAxis_FairValueInputsLevel3MemberusgaapFairValueByFairValueHierarchyLevelAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">16</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div></ix:nonNumeric> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Fair Value Option </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company elected to record at fair value certain financial instruments that are consolidated in connection with the adoption of the accounting guidance for consolidation of VIEs, among others. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents the gains and (losses) included in the Company&#8217;s consolidated statements of operations for the three months ended March&#160;31, 2020 and 2019 for financial instruments for which the fair value option was elected: </div></div> <ix:nonNumeric name="us-gaap:FairValueOptionQuantitativeDisclosuresTextBlock" contextRef="P01_01_2020To03_31_2020" escape="true">
<table border="0" cellpadding="0" cellspacing="0" style="margin: 12pt auto 0px; width: 92%; font-size: 10pt; border-collapse: separate; border-spacing: 0;">
<tr style="color: white; line-height: 0pt; visibility: hidden;">
<td style="width: 88%; font-family: Arial; padding: 0px;"></td>
<td style="width: 3%; font-family: Arial; padding: 0px;"></td>
<td style="font-family: Arial; padding: 0px;"></td>
<td style="white-space: nowrap; font-family: Arial;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td style="font-family: Arial; padding: 0px;"></td>
<td style="width: 3%; font-family: Arial; padding: 0px;"></td>
<td style="font-family: Arial; padding: 0px;"></td>
<td style="white-space: nowrap; font-family: Arial;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td style="font-family: Arial; padding: 0px;"></td> </tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Three&#160;Months&#160;Ended&#160;March&#160;31, </div></div></div> </td>
<td style="padding-bottom: 0.5pt; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions </div></div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2020 </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2019 </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments carried at fair value<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(1)</div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_InvestmentsCarriedAtFairValueMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal" id="Fact_12967110">20</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_InvestmentsCarriedAtFairValueMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12967111">6</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Fixed-maturity securities held at fair value-VIE<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(2)</div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" contextRef="P01_01_2020To03_31_2020_FixedMaturitySecuritiesHeldAtFairValueVieMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal" id="Fact_12967112">6</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" contextRef="P01_01_2019To03_31_2019_FixedMaturitySecuritiesHeldAtFairValueVieMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12967113">26</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Loans receivable at fair value: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Residential mortgage loans<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(2)</div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" contextRef="P01_01_2020To03_31_2020_LoansReceivableMemberusgaapInvestmentTypeAxis_ResidentialMortgageLoansMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal" id="Fact_12967114">35</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" contextRef="P01_01_2019To03_31_2019_LoansReceivableMemberusgaapInvestmentTypeAxis_ResidentialMortgageLoansMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12967115">34</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Loan repurchase commitments<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(2)</div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" contextRef="P01_01_2020To03_31_2020_LoanRepurchaseCommitmentsMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12967116">20</ix:nonFraction> </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" contextRef="P01_01_2019To03_31_2019_LoanRepurchaseCommitmentsMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12967117">2</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;">Other <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">assets-VIE</div><div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(2)</div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" contextRef="P01_01_2020To03_31_2020_OtherAssetsMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal" id="Fact_12967124">3</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" contextRef="P01_01_2019To03_31_2019_OtherAssetsMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash" id="Fact_12967125">-</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Medium-term notes<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(1)</div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_MediumTermNotesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal" id="Fact_12967118">2</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_MediumTermNotesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal" id="Fact_12967119">7</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other liabilities<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(3)</div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_OtherLiabilitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash" id="Fact_12967120">-</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_OtherLiabilitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal" id="Fact_12967121">1</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Variable interest entity notes<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(2)</div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" contextRef="P01_01_2020To03_31_2020_VariableInterestEntityNotesMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12967122">27</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" contextRef="P01_01_2019To03_31_2019_VariableInterestEntityNotesMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12967123">84</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: center;"> <div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> </div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Reported within &#8220;Net gains (losses) of financial instruments at fair value and foreign exchange&#8221; on MBIA&#8217;s consolidated statements of operations.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(2)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Reported within &#8220;Net gains (losses) of financial instruments at fair value and foreign <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">exchange-VIE&#8221;</div> on MBIA&#8217;s consolidated statements of operations.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(3)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Reported within &#8220;Other net realized gains (losses)&#8221; on MBIA&#8217;s consolidated statements of operations.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div></ix:nonNumeric></ix:continuation> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">31</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Inc. and Subsidiaries </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Notes to Consolidated Financial Statements (Unaudited) </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 6: Fair Value of Financial Instruments (continued) </div></div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <ix:continuation id="TextSelectionAppend_12966399_12"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table reflects the difference between the aggregate fair value and the aggregate remaining contractual principal balance outstanding as of March&#160;31, 2020 and December&#160;31, 2019 for loans and notes for which the fair value option was elected: </div></div> <ix:nonNumeric name="mbi:DifferenceBetweenAggregateFairValueAndAggregateRemainingContractualPrincipalForLoansAndLongTermDebtForWhichFairValueOptionHasBeenElectedTableTextBlock" contextRef="P01_01_2020To03_31_2020" escape="true">
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<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="11" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">As of March&#160;31, 2020</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="11" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">As of December&#160;31, 2019</div></div> </td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Contractual</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Contractual</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Outstanding</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Outstanding</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Principal</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Value</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Difference</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Principal</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Value</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Difference</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Loans receivable at fair value:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Residential mortgage loans</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:FairValueOptionContractualOutstandingPrincipalLoansReceivable" contextRef="PAsOn03_31_2020_LoansReceivableMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_ResidentialMortgageLoansMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">96</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:FairValueOptionAggregateFairValueLoansReceivable" contextRef="PAsOn03_31_2020_LoansReceivableMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_ResidentialMortgageLoansMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">87</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueOptionAggregateDifferencesLoansAndLongTermReceivables" contextRef="PAsOn03_31_2020_LoansReceivableMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_ResidentialMortgageLoansMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">9</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:FairValueOptionContractualOutstandingPrincipalLoansReceivable" contextRef="PAsOn12_31_2019_LoansReceivableMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_ResidentialMortgageLoansMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">107</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:FairValueOptionAggregateFairValueLoansReceivable" contextRef="PAsOn12_31_2019_LoansReceivableMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_ResidentialMortgageLoansMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">107</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueOptionAggregateDifferencesLoansAndLongTermReceivables" contextRef="PAsOn12_31_2019_LoansReceivableMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_ResidentialMortgageLoansMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Residential mortgage loans (90 days or more past due)</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:FairValueOptionContractualOutstandingPrincipalLoansReceivable90DaysOrMorePastDue" contextRef="PAsOn03_31_2020_LoansReceivableMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_ResidentialMortgageLoansMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">123</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue" contextRef="PAsOn03_31_2020_LoansReceivableMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_ResidentialMortgageLoansMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">11</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDueAggregateDifference" contextRef="PAsOn03_31_2020_LoansReceivableMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_ResidentialMortgageLoansMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">112</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:FairValueOptionContractualOutstandingPrincipalLoansReceivable90DaysOrMorePastDue" contextRef="PAsOn12_31_2019_LoansReceivableMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_ResidentialMortgageLoansMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">154</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue" contextRef="PAsOn12_31_2019_LoansReceivableMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_ResidentialMortgageLoansMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">29</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueOptionLoansHeldAsAssets90DaysOrMorePastDueAggregateDifference" contextRef="PAsOn12_31_2019_LoansReceivableMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_ResidentialMortgageLoansMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">125</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total loans receivable and other instruments at fair value</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:FairValueOptionContractualOutstandingPrincipalLoansReceivable" contextRef="PAsOn03_31_2020_LoansReceivableMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_TotalLoansReceivableAndOtherInstrumentsMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">219</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:FairValueOptionAggregateFairValueLoansReceivable" contextRef="PAsOn03_31_2020_LoansReceivableMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_TotalLoansReceivableAndOtherInstrumentsMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">98</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueOptionAggregateDifferencesLoansAndLongTermReceivables" contextRef="PAsOn03_31_2020_LoansReceivableMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_TotalLoansReceivableAndOtherInstrumentsMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">121</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:FairValueOptionContractualOutstandingPrincipalLoansReceivable" contextRef="PAsOn12_31_2019_LoansReceivableMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_TotalLoansReceivableAndOtherInstrumentsMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">261</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:FairValueOptionAggregateFairValueLoansReceivable" contextRef="PAsOn12_31_2019_LoansReceivableMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_TotalLoansReceivableAndOtherInstrumentsMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">136</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueOptionAggregateDifferencesLoansAndLongTermReceivables" contextRef="PAsOn12_31_2019_LoansReceivableMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_TotalLoansReceivableAndOtherInstrumentsMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">125</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Variable interest entity notes</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:FairValueOptionContractualOutstandingPrincipalLongTermDebtInstruments" contextRef="PAsOn03_31_2020_LoansReceivableMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityNotesMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1,097</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:FairValueOptionAggregateFairValueLongTermDebtInstruments" contextRef="PAsOn03_31_2020_LoansReceivableMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityNotesMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">331</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueOptionAggregateDifferencesLongTermDebtInstruments" contextRef="PAsOn03_31_2020_LoansReceivableMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityNotesMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">766</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:FairValueOptionContractualOutstandingPrincipalLongTermDebtInstruments" contextRef="PAsOn12_31_2019_LoansReceivableMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityNotesMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1,126</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:FairValueOptionAggregateFairValueLongTermDebtInstruments" contextRef="PAsOn12_31_2019_LoansReceivableMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityNotesMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">403</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueOptionAggregateDifferencesLongTermDebtInstruments" contextRef="PAsOn12_31_2019_LoansReceivableMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityNotesMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">723</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Medium-term notes</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:FairValueOptionContractualOutstandingPrincipalLongTermDebtInstruments" contextRef="PAsOn03_31_2020_LoansReceivableMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_MediumTermNotesMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">110</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:FairValueOptionAggregateFairValueLongTermDebtInstruments" contextRef="PAsOn03_31_2020_LoansReceivableMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_MediumTermNotesMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">98</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueOptionAggregateDifferencesLongTermDebtInstruments" contextRef="PAsOn03_31_2020_LoansReceivableMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_MediumTermNotesMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">12</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:FairValueOptionContractualOutstandingPrincipalLongTermDebtInstruments" contextRef="PAsOn12_31_2019_LoansReceivableMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_MediumTermNotesMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">112</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:FairValueOptionAggregateFairValueLongTermDebtInstruments" contextRef="PAsOn12_31_2019_LoansReceivableMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_MediumTermNotesMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">108</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:FairValueOptionAggregateDifferencesLongTermDebtInstruments" contextRef="PAsOn12_31_2019_LoansReceivableMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_MediumTermNotesMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">4</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div></ix:nonNumeric> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The differences between the contractual outstanding principal and the fair values on loans receivable, VIE notes and MTNs, in the preceding table, are primarily attributable to credit risk. This is due to the high rate of defaults on loans (90 days or more past due), the collateral supporting the VIE notes and the nonperformance risk of the Company on its MTNs, which resulted in depressed pricing of the financial instruments. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Instrument-Specific Credit Risk of Liabilities Elected Under the Fair Value Option </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of March&#160;31, 2020 and December&#160;31, 2019, the cumulative changes in instrument-specific credit risk of liabilities elected under the fair value option were losses of $<ix:nonFraction name="us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax" contextRef="PAsOn03_31_2020_AccumulatedGainLossFinancialLiabilityFairValueOptionAttributableToParentMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">59</ix:nonFraction>&#160;million and $<ix:nonFraction name="us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax" contextRef="PAsOn12_31_2019_AccumulatedGainLossFinancialLiabilityFairValueOptionAttributableToParentMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">107</ix:nonFraction>&#160;million, respectively, reported in &#8220;Accumulated other comprehensive income&#8221; on the Company&#8217;s consolidated balance sheets. Changes in value attributable to instrument-specific credit risk were derived principally from changes in the Company&#8217;s credit spread. For liabilities of VIEs, additional adjustments to instrument-specific credit risk are required, which is determined by an analysis of deal specific performance of collateral that support these liabilities. During the three months ended March&#160;31, 2020 and 2019, the portions of instrument-specific credit risk included in AOCI that were recognized in earnings due to settlement of liabilities were losses of $<ix:nonFraction name="us-gaap:OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionReclassificationAdjustmentFromAociForDerecognitionAfterTax" contextRef="P01_01_2020To03_31_2020_AccumulatedGainLossFinancialLiabilityFairValueOptionAttributableToParentMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2</ix:nonFraction>&#160;million and $<ix:nonFraction name="us-gaap:OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionReclassificationAdjustmentFromAociForDerecognitionAfterTax" contextRef="P01_01_2019To03_31_2019_AccumulatedGainLossFinancialLiabilityFairValueOptionAttributableToParentMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">4</ix:nonFraction>&#160;million, respectively. </div></div> </ix:continuation> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">32</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"></div> </div> </div> <div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Inc. and Subsidiaries </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Notes to Consolidated Financial Statements (Unaudited) </div></div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <ix:nonNumeric name="us-gaap:MarketableSecuritiesTextBlock" contextRef="P01_01_2020To03_31_2020" escape="true" continuedAt="TextSelection_12965951"><div id="toc893688_15" style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 7: Investments </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments, excluding those elected under the fair value option, include debt and equity securities classified as either AFS or HTM. </div></div></ix:nonNumeric><ix:continuation id="TextSelection_12965951" continuedAt="TextSelectionAppend_12965951_1"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following tables present the amortized cost, allowance for credit losses, corresponding gross unrealized gains and losses and fair value for AFS and HTM investments in the Company&#8217;s consolidated investment portfolio as of March&#160;31, 2020: </div></div> <ix:nonNumeric name="us-gaap:InvestmentTableTextBlock" contextRef="P01_01_2020To03_31_2020" escape="true" continuedAt="TextSelection_12965963">
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<td>&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="19" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">March&#160;31, 2020</div></div> </td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Amortized<br/> Cost</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Allowance<br/> for Credit<br/> Losses</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Gross<br/> Unrealized<br/> Gains</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Gross<br/> Unrealized<br/> Losses</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair<br/> Value</div></div> </td>
<td style="white-space: nowrap; vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; font-weight: normal; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">AFS Investments</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Fixed-maturity investments:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">U.S. Treasury and government agency</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAmortizedCost" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_USTreasuryAndGovernmentMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">758</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_USTreasuryAndGovernmentMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_USTreasuryAndGovernmentMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">101</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_USTreasuryAndGovernmentMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecurities" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_USTreasuryAndGovernmentMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">859</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">State and municipal bonds</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAmortizedCost" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_USStatesAndPoliticalSubdivisionsMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">168</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_USStatesAndPoliticalSubdivisionsMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_USStatesAndPoliticalSubdivisionsMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">23</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_USStatesAndPoliticalSubdivisionsMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecurities" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_USStatesAndPoliticalSubdivisionsMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">191</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Foreign governments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAmortizedCost" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ForeignGovernmentDebtMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">10</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ForeignGovernmentDebtMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ForeignGovernmentDebtMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ForeignGovernmentDebtMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecurities" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ForeignGovernmentDebtMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">9</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Corporate obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAmortizedCost" contextRef="PAsOn03_31_2020_CorporateDebtSecuritiesMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1,114</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss" contextRef="PAsOn03_31_2020_CorporateDebtSecuritiesMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" contextRef="PAsOn03_31_2020_CorporateDebtSecuritiesMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">90</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" contextRef="PAsOn03_31_2020_CorporateDebtSecuritiesMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">33</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecurities" contextRef="PAsOn03_31_2020_CorporateDebtSecuritiesMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1,171</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Mortgage-backed securities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Residential mortgage-backed agency</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAmortizedCost" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ResidentialMortgageBackedAgencyMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">266</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ResidentialMortgageBackedAgencyMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ResidentialMortgageBackedAgencyMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">8</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ResidentialMortgageBackedAgencyMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecurities" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ResidentialMortgageBackedAgencyMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">274</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Residential mortgage-backed <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-agency </div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAmortizedCost" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ResidentialMortgageBackedNonAgencyMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">27</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ResidentialMortgageBackedNonAgencyMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ResidentialMortgageBackedNonAgencyMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ResidentialMortgageBackedNonAgencyMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">7</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecurities" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ResidentialMortgageBackedNonAgencyMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">21</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Commercial mortgage-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAmortizedCost" contextRef="PAsOn03_31_2020_CommercialMortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">20</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss" contextRef="PAsOn03_31_2020_CommercialMortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" contextRef="PAsOn03_31_2020_CommercialMortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" contextRef="PAsOn03_31_2020_CommercialMortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecurities" contextRef="PAsOn03_31_2020_CommercialMortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">19</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Asset-backed securities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Collateralized debt obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAmortizedCost" contextRef="PAsOn03_31_2020_CollateralizedDebtObligationsMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">131</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss" contextRef="PAsOn03_31_2020_CollateralizedDebtObligationsMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" contextRef="PAsOn03_31_2020_CollateralizedDebtObligationsMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" contextRef="PAsOn03_31_2020_CollateralizedDebtObligationsMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">19</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecurities" contextRef="PAsOn03_31_2020_CollateralizedDebtObligationsMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">112</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other asset-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAmortizedCost" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherAssetBackedMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">277</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherAssetBackedMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherAssetBackedMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherAssetBackedMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecurities" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherAssetBackedMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">275</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total AFS investments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAmortizedCost" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2,771</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DebtSecuritiesAvailableForSaleAllowanceForCreditLoss" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">223</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">63</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecurities" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2,931</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; font-weight: normal; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">HTM Investments</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Assets of consolidated VIEs:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Corporate obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:HeldToMaturitySecuritiesGrossOfAllowanceForCreditLosses" contextRef="PAsOn03_31_2020_CorporateDebtSecuritiesMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">575</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:DebtSecuritiesHeldToMaturityAllowanceForCreditLoss" contextRef="PAsOn03_31_2020_CorporateDebtSecuritiesMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">46</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain" contextRef="PAsOn03_31_2020_CorporateDebtSecuritiesMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">43</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss" contextRef="PAsOn03_31_2020_CorporateDebtSecuritiesMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:HeldToMaturitySecuritiesFairValue" contextRef="PAsOn03_31_2020_CorporateDebtSecuritiesMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">572</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total HTM investments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:HeldToMaturitySecuritiesGrossOfAllowanceForCreditLosses" contextRef="PAsOn03_31_2020_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">575</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:DebtSecuritiesHeldToMaturityAllowanceForCreditLoss" contextRef="PAsOn03_31_2020_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">46</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain" contextRef="PAsOn03_31_2020_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">43</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss" contextRef="PAsOn03_31_2020_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:HeldToMaturitySecuritiesFairValue" contextRef="PAsOn03_31_2020_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">572</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div></ix:nonNumeric> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following tables present the amortized cost, fair value, corresponding gross unrealized gains and losses and OTTI for AFS and HTM investments in the Company&#8217;s consolidated investment portfolio as of December&#160;31, 2019: </div></div> <ix:continuation id="TextSelection_12965963">
<table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:60%;">&#160;</td>
<td style="width:5%;">&#160;</td>
<td>&#160;</td>
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<td>&#160;</td>
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<td>&#160;</td>
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<td>&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="19" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">December&#160;31, 2019</div></div> </td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Amortized</div></div> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Cost</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Gross</div></div> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unrealized</div></div> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Gains</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Gross</div></div> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unrealized</div></div> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Losses</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair</div></div> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Value</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Other-Than-</div></div> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Temporary</div></div> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Impairments<div style="font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;">(1)</div></div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; font-weight: normal; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">AFS Investments</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Fixed-maturity investments:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">U.S. Treasury and government agency</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAmortizedCost" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_USTreasuryAndGovernmentMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">838</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_USTreasuryAndGovernmentMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">46</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_USTreasuryAndGovernmentMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecurities" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_USTreasuryAndGovernmentMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">882</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_USTreasuryAndGovernmentMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash" id="Fact_12966160">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">State and municipal bonds</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAmortizedCost" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_USStatesAndPoliticalSubdivisionsMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">178</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_USStatesAndPoliticalSubdivisionsMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">22</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_USStatesAndPoliticalSubdivisionsMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecurities" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_USStatesAndPoliticalSubdivisionsMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">200</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_USStatesAndPoliticalSubdivisionsMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash" id="Fact_12966162">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Foreign governments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAmortizedCost" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ForeignGovernmentDebtMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">8</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ForeignGovernmentDebtMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ForeignGovernmentDebtMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecurities" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ForeignGovernmentDebtMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">9</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ForeignGovernmentDebtMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash" id="Fact_12966164">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Corporate obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAmortizedCost" contextRef="PAsOn12_31_2019_CorporateDebtSecuritiesMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1,140</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" contextRef="PAsOn12_31_2019_CorporateDebtSecuritiesMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">52</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" contextRef="PAsOn12_31_2019_CorporateDebtSecuritiesMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecurities" contextRef="PAsOn12_31_2019_CorporateDebtSecuritiesMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1,191</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities" contextRef="PAsOn12_31_2019_CorporateDebtSecuritiesMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash" id="Fact_12966166">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Mortgage-backed securities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Residential mortgage-backed agency</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAmortizedCost" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ResidentialMortgageBackedAgencyMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">317</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ResidentialMortgageBackedAgencyMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">3</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ResidentialMortgageBackedAgencyMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecurities" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ResidentialMortgageBackedAgencyMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">320</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ResidentialMortgageBackedAgencyMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash" id="Fact_12966169">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Residential mortgage-backed <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-agency </div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAmortizedCost" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ResidentialMortgageBackedNonAgencyMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">23</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ResidentialMortgageBackedNonAgencyMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ResidentialMortgageBackedNonAgencyMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">5</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecurities" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ResidentialMortgageBackedNonAgencyMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">19</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ResidentialMortgageBackedNonAgencyMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash" id="Fact_12966172">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Commercial mortgage-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAmortizedCost" contextRef="PAsOn12_31_2019_CommercialMortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">20</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" contextRef="PAsOn12_31_2019_CommercialMortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" contextRef="PAsOn12_31_2019_CommercialMortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecurities" contextRef="PAsOn12_31_2019_CommercialMortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">20</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities" contextRef="PAsOn12_31_2019_CommercialMortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash" id="Fact_12966175">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Asset-backed securities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Collateralized debt obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAmortizedCost" contextRef="PAsOn12_31_2019_CollateralizedDebtObligationsMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">139</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" contextRef="PAsOn12_31_2019_CollateralizedDebtObligationsMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" contextRef="PAsOn12_31_2019_CollateralizedDebtObligationsMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecurities" contextRef="PAsOn12_31_2019_CollateralizedDebtObligationsMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">137</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities" contextRef="PAsOn12_31_2019_CollateralizedDebtObligationsMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash" id="Fact_12966178">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other asset-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAmortizedCost" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherAssetBackedMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">321</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherAssetBackedMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherAssetBackedMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecurities" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherAssetBackedMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">321</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherAssetBackedMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash" id="Fact_12966181">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total AFS investments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAmortizedCost" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2,984</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">126</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">11</ix:nonFraction></div> </td>
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<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; font-weight: normal; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">HTM Investments</div></div> </td>
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<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Assets of consolidated VIEs:</div> </td>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Corporate obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:HeldToMaturitySecuritiesGrossOfAllowanceForCreditLosses" contextRef="PAsOn12_31_2019_CorporateDebtSecuritiesMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">890</ix:nonFraction></div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain" contextRef="PAsOn12_31_2019_CorporateDebtSecuritiesMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2</ix:nonFraction></div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:HeldToMaturitySecuritiesFairValue" contextRef="PAsOn12_31_2019_CorporateDebtSecuritiesMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">892</ix:nonFraction></div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total HTM investments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Represents unrealized gains or losses on OTTI securities recognized in AOCI, which includes the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-credit</div> component of impairments, as well as all subsequent changes in fair value of such impaired securities reported in AOCI.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> </ix:continuation></ix:continuation> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">33</div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Inc. and Subsidiaries</div> </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Notes to Consolidated Financial Statements (Unaudited) </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 7: Investments (continued) </div></div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <ix:continuation id="TextSelectionAppend_12965951_1" continuedAt="TextSelectionAppend_12965951_2"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">HTM investments declined due to the early redemption of assets and liabilities within a structured finance VIE that was deconsolidated during the first quarter of 2020. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents the distribution by contractual maturity of AFS and HTM fixed-maturity securities at amortized cost, net of allowance for credit losses, and fair value as of March&#160;31, 2020. Contractual maturity may differ from expected maturity as borrowers may have the right to call or prepay obligations. </div></div> <ix:nonNumeric name="us-gaap:InvestmentsClassifiedByContractualMaturityDateTableTextBlock" contextRef="P01_01_2020To03_31_2020" escape="true">
<table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
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<td style="width:70%;">&#160;</td>
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<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">AFS Securities</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">HTM Securities</div></div> </td> </tr>
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<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Consolidated VIEs</div></div> </td> </tr>
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<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Net<br/> Amortized<br/> Cost</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair&#160;Value</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Net<br/> Amortized<br/> Cost</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair&#160;Value</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Due in one year or less</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">476</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">476</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:HeldToMaturitySecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Due after one year through five years</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCostBasis" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">500</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">506</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:HeldToMaturitySecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Due after five years through ten years</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenAmortizedCostBasis" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">345</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">357</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:HeldToMaturitySecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Due after ten years</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenAmortizedCostBasis" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">729</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenFairValue" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">891</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">529</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:HeldToMaturitySecuritiesDebtMaturitiesRollingAfterTenYearsFairValue" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">572</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Mortgage-backed and asset-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">721</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">701</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateNetCarryingAmount" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total fixed-maturity investments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleDebtSecuritiesAmortizedCostBasis" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2,771</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesDebtSecurities" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2,931</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:HeldToMaturitySecurities" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">529</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:HeldToMaturitySecuritiesFairValue" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">572</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div></ix:nonNumeric> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Deposited and Pledged Securities </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The fair value of securities on deposit with various regulatory authorities as of March&#160;31, 2020 and December&#160;31, 2019 was $<ix:nonFraction name="mbi:FairValueOfSecuritiesOnDepositWithVariousRegulatoryAuthorities" contextRef="PAsOn12_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal"><ix:nonFraction name="mbi:FairValueOfSecuritiesOnDepositWithVariousRegulatoryAuthorities" contextRef="PAsOn03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">11</ix:nonFraction></ix:nonFraction>&#160;million. These deposits are required to comply with state insurance laws. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Pursuant to the Company&#8217;s tax sharing agreement, securities held by MBIA Inc. in the Tax Escrow Account are included as &#8220;Investments pledged as collateral, at fair value&#8221; on the Company&#8217;s consolidated balance sheets. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investment agreement obligations require the Company to pledge securities as collateral. Securities pledged in connection with investment agreements may not be repledged by the investment agreement counterparty. As of March&#160;31, 2020 and December&#160;31, 2019, the fair value of securities pledged as collateral for these investment agreements approximated $<ix:nonFraction name="us-gaap:SecurityOwnedAndPledgedAsCollateralFairValue" contextRef="PAsOn03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">299</ix:nonFraction>&#160;million and $<ix:nonFraction name="us-gaap:SecurityOwnedAndPledgedAsCollateralFairValue" contextRef="PAsOn12_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">313</ix:nonFraction>&#160;million, respectively. The Company&#8217;s collateral as of March&#160;31, 2020 consisted principally of U.S. Treasury and government agency and corporate obligations, and was primarily held with major U.S. banks. Additionally, the Company pledged cash as collateral under investment agreements in the amount of $<ix:nonFraction name="us-gaap:Cash" contextRef="PAsOn03_31_2020_CollateralPledgedMemberusgaapCollateralAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">8</ix:nonFraction>&#160;million as of March&#160;31, 2020. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Refer to &#8220;Note 8: Derivative Instruments&#8221; for information about securities posted to derivative counterparties. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Impaired Investments </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The following table presents the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-credit</div> related gross unrealized losses related to AFS investments as of March&#160;31, 2020:</div> <ix:nonNumeric name="us-gaap:ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock" contextRef="P01_01_2020To03_31_2020" escape="true" continuedAt="TextSelection_12966419">
<table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:59%;">&#160;</td>
<td style="width:3%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:3%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:3%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:3%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:3%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:3%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="23" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">March&#160;31, 2020</div></div> </td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Less&#160;than&#160;12&#160;Months</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">12&#160;Months&#160;or&#160;Longer</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Total</div></div> </td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unrealized</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unrealized</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unrealized</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Value</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Losses</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Value</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Losses</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Value</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Losses</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; font-weight: normal; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">AFS Investments</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Fixed-maturity investments:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">U.S. Treasury and government agency</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_USTreasuryAndGovernmentMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">4</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_USTreasuryAndGovernmentMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_USTreasuryAndGovernmentMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_USTreasuryAndGovernmentMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_USTreasuryAndGovernmentMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">4</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_USTreasuryAndGovernmentMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">State and municipal bonds</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_USStatesAndPoliticalSubdivisionsMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">31</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_USStatesAndPoliticalSubdivisionsMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_USStatesAndPoliticalSubdivisionsMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_USStatesAndPoliticalSubdivisionsMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_USStatesAndPoliticalSubdivisionsMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">31</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_USStatesAndPoliticalSubdivisionsMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Foreign governments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ForeignGovernmentDebtMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">7</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ForeignGovernmentDebtMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ForeignGovernmentDebtMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ForeignGovernmentDebtMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ForeignGovernmentDebtMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">7</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ForeignGovernmentDebtMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Corporate obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue" contextRef="PAsOn03_31_2020_CorporateDebtSecuritiesMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">482</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss" contextRef="PAsOn03_31_2020_CorporateDebtSecuritiesMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">31</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue" contextRef="PAsOn03_31_2020_CorporateDebtSecuritiesMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">6</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss" contextRef="PAsOn03_31_2020_CorporateDebtSecuritiesMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue" contextRef="PAsOn03_31_2020_CorporateDebtSecuritiesMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">488</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss" contextRef="PAsOn03_31_2020_CorporateDebtSecuritiesMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">33</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Mortgage-backed securities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Residential mortgage-backed <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-agency </div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ResidentialMortgageBackedNonAgencyMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">9</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ResidentialMortgageBackedNonAgencyMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ResidentialMortgageBackedNonAgencyMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">9</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ResidentialMortgageBackedNonAgencyMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">6</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ResidentialMortgageBackedNonAgencyMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">18</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ResidentialMortgageBackedNonAgencyMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">7</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Commercial mortgage-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue" contextRef="PAsOn03_31_2020_CommercialMortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">9</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss" contextRef="PAsOn03_31_2020_CommercialMortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue" contextRef="PAsOn03_31_2020_CommercialMortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss" contextRef="PAsOn03_31_2020_CommercialMortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue" contextRef="PAsOn03_31_2020_CommercialMortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">9</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss" contextRef="PAsOn03_31_2020_CommercialMortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Asset-backed securities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Collateralized debt obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue" contextRef="PAsOn03_31_2020_CollateralizedDebtObligationsMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">49</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss" contextRef="PAsOn03_31_2020_CollateralizedDebtObligationsMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">4</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue" contextRef="PAsOn03_31_2020_CollateralizedDebtObligationsMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">64</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss" contextRef="PAsOn03_31_2020_CollateralizedDebtObligationsMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">15</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue" contextRef="PAsOn03_31_2020_CollateralizedDebtObligationsMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">113</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss" contextRef="PAsOn03_31_2020_CollateralizedDebtObligationsMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">19</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other asset-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherAssetBackedMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">170</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherAssetBackedMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherAssetBackedMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherAssetBackedMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherAssetBackedMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">170</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherAssetBackedMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total AFS investments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">761</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">40</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">79</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">23</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">840</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss" contextRef="PAsOn03_31_2020_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">63</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div></ix:nonNumeric></ix:continuation> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">34</div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"></div> </div> </div> <div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Inc. and Subsidiaries </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Notes to Consolidated Financial Statements (Unaudited) </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 7: Investments (continued) </div></div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <ix:continuation id="TextSelectionAppend_12965951_2" continuedAt="TextSelectionAppend_12965951_3"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents the gross unrealized losses related to AFS investments as of December&#160;31, 2019: </div></div> <ix:continuation id="TextSelection_12966419">
<table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:60%;">&#160;</td>
<td style="width:3%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:3%;">&#160;</td>
<td>&#160;</td>
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<td>&#160;</td>
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<td>&#160;</td>
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<td>&#160;</td>
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<td>&#160;</td>
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<td>&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="23" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">December&#160;31, 2019</div></div> </td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Less than 12<br/> Months</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">12 Months or<br/> Longer</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Total</div></div> </td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unrealized</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unrealized</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unrealized</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Value</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Losses</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Value</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Losses</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Value</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Losses</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; font-weight: normal; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">AFS Investments</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Fixed-maturity investments:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">U.S. Treasury and government agency</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_USTreasuryAndGovernmentMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">148</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_USTreasuryAndGovernmentMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_USTreasuryAndGovernmentMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">79</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_USTreasuryAndGovernmentMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_USTreasuryAndGovernmentMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">227</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_USTreasuryAndGovernmentMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">State and municipal bonds</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_USStatesAndPoliticalSubdivisionsMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">11</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_USStatesAndPoliticalSubdivisionsMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_USStatesAndPoliticalSubdivisionsMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">15</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue" contextRef="PAsOn12_31_2019_CorporateDebtSecuritiesMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">63</ix:nonFraction></div> </td>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Mortgage-backed securities:</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Residential mortgage-backed agency</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ResidentialMortgageBackedAgencyMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">62</ix:nonFraction></div> </td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ResidentialMortgageBackedAgencyMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">69</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Residential mortgage-backed <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-agency </div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ResidentialMortgageBackedNonAgencyMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ResidentialMortgageBackedNonAgencyMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_ResidentialMortgageBackedNonAgencyMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">11</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Commercial mortgage-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss" contextRef="PAsOn12_31_2019_CommercialMortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue" contextRef="PAsOn12_31_2019_CommercialMortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">5</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss" contextRef="PAsOn12_31_2019_CommercialMortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Asset-backed securities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Collateralized debt obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue" contextRef="PAsOn12_31_2019_CollateralizedDebtObligationsMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">44</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss" contextRef="PAsOn12_31_2019_CollateralizedDebtObligationsMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue" contextRef="PAsOn12_31_2019_CollateralizedDebtObligationsMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">77</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss" contextRef="PAsOn12_31_2019_CollateralizedDebtObligationsMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue" contextRef="PAsOn12_31_2019_CollateralizedDebtObligationsMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">121</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss" contextRef="PAsOn12_31_2019_CollateralizedDebtObligationsMemberusgaapFinancialInstrumentAxis_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other asset-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherAssetBackedMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">48</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherAssetBackedMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherAssetBackedMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">7</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherAssetBackedMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherAssetBackedMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">55</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis_OtherAssetBackedMemberusgaapFinancialInstrumentAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total AFS investments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">371</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">3</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">206</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">8</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">577</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss" contextRef="PAsOn12_31_2019_FixedMaturitiesMemberusgaapInvestmentTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">11</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> </ix:continuation> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Gross unrealized losses on AFS investments increased as of March&#160;31, 2020 compared with December&#160;31, 2019 primarily due to widening credit spreads, partially offset by lower interest rates. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">With the weighting applied on the fair value of each security relative to the total fair value, the weighted average contractual maturity of securities in an unrealized loss position as of March&#160;31, 2020 and December&#160;31, 2019 was <ix:nonNumeric name="mbi:WeightedAverageContractualMaturityPeriodOfSecuritiesUnrealizedLossPosition" contextRef="P01_01_2020To03_31_2020_SecuritiesInUnrealizedLossPositionMemberMBIInvestmentNotesAxis" format="ixt-sec:duryear">8</ix:nonNumeric> and <ix:nonNumeric name="mbi:WeightedAverageContractualMaturityPeriodOfSecuritiesUnrealizedLossPosition" contextRef="P01_01_2019To12_31_2019_SecuritiesInUnrealizedLossPositionMemberMBIInvestmentNotesAxis" format="ixt-sec:duryear">10</ix:nonNumeric> years, respectively. As of March&#160;31, 2020 and December&#160;31, 2019, there were <ix:nonFraction name="mbi:InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod" contextRef="PAsOn03_31_2020" unitRef="Unit_security" decimals="INF" scale="0" format="ixt:numdotdecimal">42</ix:nonFraction> and <ix:nonFraction name="mbi:InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod" contextRef="PAsOn12_31_2019" unitRef="Unit_security" decimals="INF" scale="0" format="ixt:numdotdecimal">63</ix:nonFraction> securities, respectively, that were in an unrealized loss position for a continuous twelve-month period or longer, of which, fair values of <ix:nonFraction name="mbi:InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod" contextRef="PAsOn03_31_2020_FairValueBelowBookValueGreaterThanFivePercentMemberusgaapFinancialInstrumentAxis" unitRef="Unit_security" decimals="INF" scale="0" format="ixt:numdotdecimal">41</ix:nonFraction> and <ix:nonFraction name="mbi:InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod" contextRef="PAsOn12_31_2019_FairValueBelowBookValueGreaterThanFivePercentMemberusgaapFinancialInstrumentAxis" unitRef="Unit_security" decimals="INF" scale="0" format="ixt:numdotdecimal">16</ix:nonFraction> securities, respectively, were below book value by more than <ix:nonFraction name="mbi:PercentageOfSecuritiesBookValueExceededMarketValue" contextRef="PAsOn12_31_2019" unitRef="Unit_pure" decimals="2" scale="-2" format="ixt:numdotdecimal">5</ix:nonFraction>%. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents the distribution of securities in an unrealized loss position for a continuous twelve-month period or longer where fair value was below book value by more than <ix:nonFraction name="mbi:PercentageOfSecuritiesBookValueExceededMarketValue" contextRef="PAsOn03_31_2020" unitRef="Unit_pure" decimals="2" scale="-2" format="ixt:numdotdecimal">5</ix:nonFraction>% as of March&#160;31, 2020: </div></div> <ix:nonNumeric name="mbi:InvestmentsDistributionOfSecuritiesByPercentageOfFairValueBelowBookValueByMoreThanFivePercentTableTextBlock" contextRef="P01_01_2020To03_31_2020" escape="true">
<table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:75%;">&#160;</td>
<td style="width:6%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:6%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:6%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="11" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">AFS Securities</div></div> </td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Percentage of Fair Value Below Book Value</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Number&#160;of<br/> Securities</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Book Value<br/> (in&#160;millions)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair&#160;Value<br/> (in&#160;millions)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&gt; <ix:nonFraction name="mbi:PercentageOfFairValueBelowBookValueMinimum" contextRef="PAsOn03_31_2020_GreaterThanFivePercentToFifteenPercentMemberusgaapFinancialInstrumentAxis_UnrealizedLossPositionGreaterThanTwelveMonthsMemberMBIInvestmentNotesAxis" unitRef="Unit_pure" decimals="2" scale="-2" format="ixt:numdotdecimal">5</ix:nonFraction>% to <ix:nonFraction name="mbi:PercentageOfFairValueBelowBookValueMaximum" contextRef="PAsOn03_31_2020_GreaterThanFivePercentToFifteenPercentMemberusgaapFinancialInstrumentAxis_UnrealizedLossPositionGreaterThanTwelveMonthsMemberMBIInvestmentNotesAxis" unitRef="Unit_pure" decimals="2" scale="-2" format="ixt:numdotdecimal">15</ix:nonFraction>%</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1" contextRef="PAsOn03_31_2020_GreaterThanFivePercentToFifteenPercentMemberusgaapFinancialInstrumentAxis_UnrealizedLossPositionGreaterThanTwelveMonthsMemberMBIInvestmentNotesAxis" unitRef="Unit_security" decimals="INF" scale="0" format="ixt:numdotdecimal">8</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAmortizedCost" contextRef="PAsOn03_31_2020_GreaterThanFivePercentToFifteenPercentMemberusgaapFinancialInstrumentAxis_UnrealizedLossPositionGreaterThanTwelveMonthsMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">21</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecurities" contextRef="PAsOn03_31_2020_GreaterThanFivePercentToFifteenPercentMemberusgaapFinancialInstrumentAxis_UnrealizedLossPositionGreaterThanTwelveMonthsMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">20</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&gt; <ix:nonFraction name="mbi:PercentageOfFairValueBelowBookValueMinimum" contextRef="PAsOn03_31_2020_GreaterThanFifteenPercentToTwentyFivePercentMemberusgaapFinancialInstrumentAxis_UnrealizedLossPositionGreaterThanTwelveMonthsMemberMBIInvestmentNotesAxis" unitRef="Unit_pure" decimals="2" scale="-2" format="ixt:numdotdecimal">15</ix:nonFraction>% to <ix:nonFraction name="mbi:PercentageOfFairValueBelowBookValueMaximum" contextRef="PAsOn03_31_2020_GreaterThanFifteenPercentToTwentyFivePercentMemberusgaapFinancialInstrumentAxis_UnrealizedLossPositionGreaterThanTwelveMonthsMemberMBIInvestmentNotesAxis" unitRef="Unit_pure" decimals="2" scale="-2" format="ixt:numdotdecimal">25</ix:nonFraction>%</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1" contextRef="PAsOn03_31_2020_GreaterThanFifteenPercentToTwentyFivePercentMemberusgaapFinancialInstrumentAxis_UnrealizedLossPositionGreaterThanTwelveMonthsMemberMBIInvestmentNotesAxis" unitRef="Unit_security" decimals="INF" scale="0" format="ixt:numdotdecimal">18</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAmortizedCost" contextRef="PAsOn03_31_2020_GreaterThanFifteenPercentToTwentyFivePercentMemberusgaapFinancialInstrumentAxis_UnrealizedLossPositionGreaterThanTwelveMonthsMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">48</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecurities" contextRef="PAsOn03_31_2020_GreaterThanFifteenPercentToTwentyFivePercentMemberusgaapFinancialInstrumentAxis_UnrealizedLossPositionGreaterThanTwelveMonthsMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">38</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&gt; <ix:nonFraction name="mbi:PercentageOfFairValueBelowBookValueMinimum" contextRef="PAsOn03_31_2020_GreaterThanTwentyFivePercentToFiftyPercentMemberusgaapFinancialInstrumentAxis_UnrealizedLossPositionGreaterThanTwelveMonthsMemberMBIInvestmentNotesAxis" unitRef="Unit_pure" decimals="2" scale="-2" format="ixt:numdotdecimal">25</ix:nonFraction>% to <ix:nonFraction name="mbi:PercentageOfFairValueBelowBookValueMaximum" contextRef="PAsOn03_31_2020_GreaterThanTwentyFivePercentToFiftyPercentMemberusgaapFinancialInstrumentAxis_UnrealizedLossPositionGreaterThanTwelveMonthsMemberMBIInvestmentNotesAxis" unitRef="Unit_pure" decimals="2" scale="-2" format="ixt:numdotdecimal">50</ix:nonFraction>%</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1" contextRef="PAsOn03_31_2020_GreaterThanTwentyFivePercentToFiftyPercentMemberusgaapFinancialInstrumentAxis_UnrealizedLossPositionGreaterThanTwelveMonthsMemberMBIInvestmentNotesAxis" unitRef="Unit_security" decimals="INF" scale="0" format="ixt:numdotdecimal">13</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAmortizedCost" contextRef="PAsOn03_31_2020_GreaterThanTwentyFivePercentToFiftyPercentMemberusgaapFinancialInstrumentAxis_UnrealizedLossPositionGreaterThanTwelveMonthsMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">33</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecurities" contextRef="PAsOn03_31_2020_GreaterThanTwentyFivePercentToFiftyPercentMemberusgaapFinancialInstrumentAxis_UnrealizedLossPositionGreaterThanTwelveMonthsMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">21</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&gt; <ix:nonFraction name="mbi:PercentageOfFairValueBelowBookValueMinimum" contextRef="PAsOn03_31_2020_GreaterThanFiftyPercentMemberusgaapFinancialInstrumentAxis_UnrealizedLossPositionGreaterThanTwelveMonthsMemberMBIInvestmentNotesAxis" unitRef="Unit_pure" decimals="2" scale="-2" format="ixt:numdotdecimal">50</ix:nonFraction>%</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1" contextRef="PAsOn03_31_2020_GreaterThanFiftyPercentMemberusgaapFinancialInstrumentAxis_UnrealizedLossPositionGreaterThanTwelveMonthsMemberMBIInvestmentNotesAxis" unitRef="Unit_security" decimals="INF" scale="0" format="ixt:numdotdecimal">2</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesAmortizedCost" contextRef="PAsOn03_31_2020_GreaterThanFiftyPercentMemberusgaapFinancialInstrumentAxis_UnrealizedLossPositionGreaterThanTwelveMonthsMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecurities" contextRef="PAsOn03_31_2020_GreaterThanFiftyPercentMemberusgaapFinancialInstrumentAxis_UnrealizedLossPositionGreaterThanTwelveMonthsMemberMBIInvestmentNotesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1" contextRef="PAsOn03_31_2020_FairValueBelowBookValueGreaterThanFivePercentMemberusgaapFinancialInstrumentAxis_UnrealizedLossPositionGreaterThanTwelveMonthsMemberMBIInvestmentNotesAxis" unitRef="Unit_security" decimals="INF" scale="0" format="ixt:numdotdecimal">41</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div></ix:nonNumeric> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company concluded that it does not have the intent to sell securities in an unrealized loss position and it is more likely than not, that it would not have to sell these securities before recovery of their cost basis. In making this conclusion, the Company examined the cash flow projections for its investment portfolios, the potential sources and uses of cash in its businesses, and the cash resources available to its business other than sales of securities. It also considered the existence of any risk management or other plans as of March&#160;31, 2020 that would require the sale of impaired securities. Impaired securities that the Company intends to sell before the expected recovery of such securities&#8217; fair values have been written down to fair value. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Credit Losses on Investments </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In calculating credit-related losses, the Company uses cash flow modeling based on the type of security. 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Among other responsibilities, this committee ensures that the Company&#8217;s process for identifying and calculating allowance for credit losses, including the use of models and assumptions, is reasonable and complies with the Company&#8217;s internal policy. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Determination of Credit Losses on ABS, MBS and Corporate Obligations </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">AFS ABS investments are evaluated for credit loss using historical collateral performance, deal waterfall and structural protections, credit ratings, and forward looking projections of collateral performance based on business and economic conditions specific to each collateral type and risk. The underlying collateral is evaluated to identify any specific performance concerns, and stress scenarios are considered in forecasting ultimate returns of principal. Based on this evaluation, if a principal default is projected for a security, estimated future cash flows are discounted at the security&#8217;s effective interest rate used to recognize interest income on the security. For CDO investments, the Company uses the same tools as its RMBS investments discussed below, aggregating the bond level cash flows to the CDO investment level. If the present value of cash flows is less than the Company&#8217;s amortized cost for the security, the difference is recorded as a credit loss. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">AFS RMBS investments are evaluated for credit losses using several quantitative tools. Loan level data is obtained and analyzed in a model that produces prepayment, default, and severity vectors. The model uses macro inputs, including housing price assumptions and interest rates. The vector outputs are used as inputs to a third-party cash flow model, which considers deal waterfall dynamics and structural features, to generate cash flows for an RMBS investment. The expected cash flows of the security are then discounted at the interest rate used to recognize interest income of the security to arrive at a present value amount. If the present value of the cash flows is less than the Company&#8217;s amortized cost for the investment, the difference is recorded as a credit loss. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For AFS corporate obligation investments, credit losses are evaluated using credit analysis techniques. The Company&#8217;s analysis includes a detailed review of a number of quantitative and qualitative factors impacting the value of an individual security. These factors include the interest rate of the security (fixed or floating), the security&#8217;s current market spread, any collateral supporting the security, the security&#8217;s position in the issuer&#8217;s capital structure, and credit rating upgrades or downgrades. Additionally, these factors include an assessment of various issuer-related credit metrics including market capitalization, earnings, cash flow, capitalization, interest coverage, leverage, liquidity and management. The Company&#8217;s analysis is augmented by comparing market prices for similar securities of other issuers in the same sector, as well as any recent corporate or government actions that may impact the ultimate return of principal. If the Company determines that a principal default is projected, a recovery analysis is performed using the above data. If the Company&#8217;s estimated recovery value for the security is less than its amortized cost, the difference is recorded as a credit loss. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For HTM corporate obligation investments, credit losses are evaluated based on quarterly estimates of the probability-weighted amount of principal and interest cash flows expected to be collected over the estimated remaining lives of the security. Developing the Company&#8217;s probability-weighted expected future cash flows is a quantitative and qualitative process that incorporates information received from third-party sources along with certain internal assumptions regarding the future performance. The Company&#8217;s considerations include, but are not limited to, (a)&#160;changes in the financial conditions of the security&#8217;s underlying collateral, (b)&#160;whether the issuer is current on contractually obligated interest and principal payments, (c)&#160;changes in the financial condition, credit rating and near-term prospects of the issuer, (d)&#160;level of excess cash flows generated from the underlying collateral supporting the principal and interest payments of the security. Estimates of collectability require the use of significant management judgment and include the probability and timing of issuer&#8217;s default and loss severity estimates. In addition, cash flow projections may change when these factors are reviewed and updated as appropriate. </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Determination of Credit Loss Guaranteed by the Company on Other Third-Party Guarantors </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company does not recognize credit losses on securities insured by MBIA Corp. and National since those securities, whether or not owned by the Company, are evaluated for impairments in accordance with its loss reserving policy. 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<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:56%;">&#160;</td>
<td style="width:13%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:13%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:13%;">&#160;</td>
<td>&#160;</td>
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<td>&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair&#160;Value</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unrealized<br/> Loss</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: bold; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Insurance&#160;Loss<br/> <div style="font-weight: normal; font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Reserve</div></div><div style="font-weight: normal; font-style: normal; font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;">(2)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Mortgage-backed:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">MBIA<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(1)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<tr style="page-break-inside: avoid;">
<td style="width: 16%; text-align: left;">&#160;</td>
<td style="width: 3%; vertical-align: top;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Includes investments insured by MBIA Corp. and National.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
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<tr style="page-break-inside: avoid;">
<td style="width: 16%; text-align: left;">&#160;</td>
<td style="width: 3%; vertical-align: top;">(2)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Insurance loss reserve estimates are based on the proportion of par value owned to the total amount of par value insured.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div></ix:nonNumeric></ix:continuation> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">36</div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"></div> </div> </div> <div><div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"><div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Inc. and Subsidiaries</div> </div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Notes to Consolidated Financial Statements (Unaudited) </div></div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 7: Investments (continued) </div></div></div><div></div><div style="margin-top: 1em; margin-bottom: 0em;"></div><ix:continuation id="TextSelectionAppend_12965951_4" continuedAt="TextSelectionAppend_12965951_5"><div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Allowance for Credit Losses Rollforward </div></div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company did not establish an allowance for credit losses for AFS securities as of March&#160;31, 2020 or purchase any credit-deteriorated assets for the three months ended March&#160;31, 2020. </div></div><ix:nonNumeric name="us-gaap:DebtSecuritiesHeldToMaturityAllowanceForCreditLossTableTextBlock" contextRef="P01_01_2020To03_31_2020" escape="true"><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents the rollforward of allowance for credit losses on HTM investments for the three months ended March&#160;31, 2020: </div></div>
<table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
<tr style="visibility:hidden;line-height:0pt;color:white;">
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<td rowspan="2" style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div><div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div></td>
<td rowspan="2" style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="15" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Three Months Ended March&#160;31, 2020</div></div></td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td></tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Balance<br/>as of</div></div><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">January&#160;1,<br/>2020<div style="font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;">1</div></div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Current&#160;period<br/>provision for<br/>expected<br/>credit losses</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Initial<br/>allowance<br/>recognized&#160;for<br/>PCD assets</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Write-Offs </div></div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Recoveries</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Balance<br/>as of</div></div><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">March&#160;31,<br/>2020</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; font-weight: normal; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">HTM Investments</div></div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div></td>
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<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div></td>
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<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Assets of consolidated VIEs:</div></td>
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<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Corporate obligations</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DebtSecuritiesHeldToMaturityAllowanceForCreditLoss" contextRef="PAsOn12_31_2019_AccountingStandardsUpdate201613MemberusgaapAdjustmentsForNewAccountingPronouncementsAxis_CorporateDebtSecuritiesMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">37</ix:nonFraction></div></td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DebtSecuritiesHeldToMaturityAllowanceForCreditLoss" contextRef="PAsOn03_31_2020_AccountingStandardsUpdate201613MemberusgaapAdjustmentsForNewAccountingPronouncementsAxis_CorporateDebtSecuritiesMemberusgaapFinancialInstrumentAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">46</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td></tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total Allowance on HTM investments</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DebtSecuritiesHeldToMaturityAllowanceForCreditLoss" contextRef="PAsOn12_31_2019_AccountingStandardsUpdate201613MemberusgaapAdjustmentsForNewAccountingPronouncementsAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">37</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DebtSecuritiesHeldToMaturityAllowanceForCreditLossPeriodIncreaseDecrease" contextRef="P01_01_2020To03_31_2020_AccountingStandardsUpdate201613MemberusgaapAdjustmentsForNewAccountingPronouncementsAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">9</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DebtSecuritiesHeldToMaturityAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease" contextRef="P01_01_2020To03_31_2020_AccountingStandardsUpdate201613MemberusgaapAdjustmentsForNewAccountingPronouncementsAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DebtSecuritiesHeldToMaturityAllowanceForCreditLossWriteoff" contextRef="P01_01_2020To03_31_2020_AccountingStandardsUpdate201613MemberusgaapAdjustmentsForNewAccountingPronouncementsAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DebtSecuritiesHeldToMaturityAllowanceForCreditLossRecovery" contextRef="P01_01_2020To03_31_2020_AccountingStandardsUpdate201613MemberusgaapAdjustmentsForNewAccountingPronouncementsAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DebtSecuritiesHeldToMaturityAllowanceForCreditLoss" contextRef="PAsOn03_31_2020_AccountingStandardsUpdate201613MemberusgaapAdjustmentsForNewAccountingPronouncementsAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">46</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td></tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="text-align: center;"><div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Represents transition adjustment upon adoption of ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2016-13. </div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></ix:nonNumeric> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Credit Loss Rollforward for AFS </div></div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The portion of certain unrealized losses on fixed-maturity securities that does not represent credit losses is recognized in AOCI. For these impairments, the net amount recognized in earnings represents the difference between the amortized cost of the security and the net present value of its projected future discounted cash flows prior to impairment. Any remaining difference between the fair value and amortized cost is recognized in AOCI. The following table presents the amount of credit loss impairments recognized in earnings on fixed-maturity securities held by MBIA as of the dates indicated, for which a portion of the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-credit</div> related losses was recognized in AOCI, and the corresponding changes in such amounts. The additional credit loss impairments on securities previously impaired for the three months ended March&#160;31, 2019 was primarily related to an impaired security for which a loss was recognized as the difference between the amortized cost and net present value of projected cash flows. The OTTI for the three months ended March&#160;31, 2019 resulted from updated liquidity concerns and other adverse financial conditions of the issuer.</div> <ix:nonNumeric name="us-gaap:OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsTableTextBlock" contextRef="P01_01_2020To03_31_2020" escape="true">
<table border="0" cellpadding="0" cellspacing="0" style="margin: 12pt auto 0px; width: 100%; font-size: 10pt; border-collapse: separate; border-spacing: 0;">
<tr style="color: white; line-height: 0pt; visibility: hidden;">
<td style="width: 84%; font-family: Arial; padding: 0px;"></td>
<td style="width: 14%; font-family: Arial; padding: 0px;"></td>
<td style="font-family: Arial; padding: 0px;"></td>
<td style="white-space: nowrap; font-family: Arial;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td style="font-family: Arial; padding: 0px;"></td></tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"><div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions </div></div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"><div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Three&#160;Months&#160;Ended </div></div></div></td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td></tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"><div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Credit Losses Recognized in Earnings Related to Other-Than-Temporary Impairments </div></div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"><div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">March&#160;31, 2019 </div></div></div></td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td></tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"><div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Beginning balance </div></div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld" contextRef="PAsOn12_31_2018" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">37</ix:nonFraction> </div></div></td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td></tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"><div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Additions for credit loss impairments recognized in the current period on securities previously impaired </div></div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">28</ix:nonFraction> </div></div></td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td></tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td></tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"><div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Ending balance </div></div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld" contextRef="PAsOn03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">65</ix:nonFraction> </div></div></td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td></tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td></tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td colspan="4" style="padding: 0px; vertical-align: top; font-size: 10pt;"><div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"></div></td>
<td style="font-family: Arial;">&#160;</td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></ix:nonNumeric> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Sales of <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Available-for-Sale</div> Investments </div></div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Gross realized gains and losses are recorded within &#8220;Net gains (losses) on financial instruments at fair value and foreign exchange&#8221; on the Company&#8217;s consolidated statements of operations. The proceeds and the gross realized gains and losses from sales of fixed-maturity securities held as AFS for the three months ended March&#160;31, 2020 and 2019 are as follows: </div></div> <ix:nonNumeric name="us-gaap:ScheduleOfRealizedGainLossTableTextBlock" contextRef="P01_01_2020To03_31_2020" escape="true">
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<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:86%;">&#160;</td>
<td style="width:4%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:4%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td></tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Three&#160;Months&#160;Ended<br/>March&#160;31,</div></div></td></tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Proceeds from sales</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ProceedsFromSaleOfAvailableForSaleSecuritiesDebt" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">279</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ProceedsFromSaleOfAvailableForSaleSecuritiesDebt" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">683</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Gross realized gains</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesGrossRealizedGains" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">11</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesGrossRealizedGains" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">5</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Gross realized losses</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesGrossRealizedLosses" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">8</ix:nonFraction></div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AvailableForSaleSecuritiesGrossRealizedLosses" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction></div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></ix:nonNumeric> </ix:continuation><div style="margin-top: 1em; margin-bottom: 0em;"></div><div><div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">37</div><div></div></div></div><div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div><hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/><div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div><div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"><div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Inc. and Subsidiaries</div> </div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Notes to Consolidated Financial Statements (Unaudited) </div></div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 7: Investments (continued) </div></div></div><div></div><div style="margin-top: 1em; margin-bottom: 0em;"></div><ix:continuation id="TextSelectionAppend_12965951_5"><div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Equity Investments </div></div></div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Unrealized gains and losses recognized on equity investments held as of the end of each period for the three months ended March&#160;31, 2020 and 2019 are as follows: </div></div><ix:nonNumeric name="us-gaap:UnrealizedGainLossOnInvestmentsTableTextBlock" contextRef="P01_01_2020To03_31_2020" escape="true">
<table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:86%;">&#160;</td>
<td style="width:5%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:5%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td></tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Three&#160;Months&#160;Ended<br/>March&#160;31,</div></div></td></tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Net gains and (losses) recognized during the period on equity securities</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:RealizedInvestmentGainsLosses" contextRef="P01_01_2020To03_31_2020_EquitySecuritiesMemberusgaapCollateralAxis_GainLossOnInvestmentsMember1usgaapIncomeStatementLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">13</ix:nonFraction></div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:RealizedInvestmentGainsLosses" contextRef="P01_01_2019To03_31_2019_EquitySecuritiesMemberusgaapCollateralAxis_GainLossOnInvestmentsMember1usgaapIncomeStatementLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">5</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Less:</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Net gains and (losses) recognized during the period on equity securities sold during the period</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:RealizedInvestmentGainsLosses" contextRef="P01_01_2020To03_31_2020_EquitySecuritiesMemberusgaapCollateralAxis_SalesMemberusgaapIncomeStatementLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:RealizedInvestmentGainsLosses" contextRef="P01_01_2019To03_31_2019_EquitySecuritiesMemberusgaapCollateralAxis_SalesMemberusgaapIncomeStatementLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td></tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Unrealized gains and (losses) recognized during the period on equity securities still held at the reporting date</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:RealizedInvestmentGainsLosses" contextRef="P01_01_2020To03_31_2020_EquitySecuritiesMemberusgaapCollateralAxis_HeldMemberusgaapIncomeStatementLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">13</ix:nonFraction></div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:RealizedInvestmentGainsLosses" contextRef="P01_01_2019To03_31_2019_EquitySecuritiesMemberusgaapCollateralAxis_HeldMemberusgaapIncomeStatementLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">4</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td></tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></ix:nonNumeric> </ix:continuation><ix:nonNumeric name="us-gaap:DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock" contextRef="P01_01_2020To03_31_2020" escape="true" continuedAt="TextSelection_12967288"><div id="toc893688_16" style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 8: Derivative Instruments </div></div></div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">U.S. Public Finance Insurance </div></div></div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company&#8217;s derivative exposure within its U.S. public finance insurance operations primarily consists of insured interest rate and inflation-linked swaps related to insured U.S. public finance debt issues. These derivatives do not qualify for the financial guarantee scope exception and are accounted for as derivative instruments. Changes in the fair values of the Company&#8217;s insured derivatives within its U.S. Public Finance segment are included in &#8220;Net change in fair value of insured derivatives&#8221; on the Company&#8217;s consolidated statements of operations. </div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Corporate </div></div></div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company has entered into derivative instruments primarily consisting of interest rate swaps to manage the risks associated with fluctuations in interest rates affecting the value of certain assets. Changes in the fair values of the Company&#8217;s derivatives within its Corporate segment are included in &#8220;Net gains (losses) on financial instruments at fair value and foreign exchange&#8221; on the Company&#8217;s consolidated statements of operations. </div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">International and Structured Finance Insurance </div></div></div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company has entered into a derivative instrument to provide financial guarantee insurance to a structured finance transaction that does not qualify for the financial guarantee scope exception and, therefore, is accounted for as a derivative. The insured CDS contract, referencing CMBS, is intended to be held for the entire term of the contract unless a settlement with the counterparty is negotiated. The Company no longer insures new CDS contracts except for transactions related to the restructuring of existing exposures. The Company&#8217;s derivative exposure within its international and structured finance insurance segment also includes insured interest rate and inflation-linked swaps related to insured debt issues. Changes in the fair values of the Company&#8217;s insured derivatives within its International and Structured Finance segment are included in &#8220;Net change in fair value of insured derivatives&#8221; on the Company&#8217;s consolidated statements of operations. </div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;">The Company has also entered into a derivative contract in connection with the commutation of certain insurance exposure, which occurred in 2014. Changes in the fair value of this <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-insured</div> derivative are included in &#8220;Net gains (losses) on financial instruments at fair value and foreign exchange&#8221; on the Company&#8217;s consolidated statements of operations.</div><div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Variable Interest Entities </div></div></div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">A VIE consolidated by the Company is party to a cross currency swap, which was entered into to manage the variability in cash flows resulting from fluctuations in foreign currency rates. Changes in the fair value of the VIE derivative are included in &#8220;Net gains (losses) on financial instruments at fair value and foreign <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">exchange-VIE&#8221;</div> on the Company&#8217;s consolidated statements of operations.</div></ix:nonNumeric><div style="margin-top: 1em; margin-bottom: 0em;"></div><div><div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">38</div><div></div></div></div><div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div><hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/><div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div><div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"><div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"></div></div></div> <div><div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"><div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Inc. and Subsidiaries</div> </div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Notes to Consolidated Financial Statements (Unaudited) </div></div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"></div><div></div><div style="margin-top: 1em; margin-bottom: 0em;"></div><div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"><div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 8: Derivative Instruments (continued) </div></div></div></div></div><ix:continuation id="TextSelection_12967288" continuedAt="TextSelectionAppend_12967288_1"><div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Credit Derivatives Sold </div></div></div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following tables present information about credit derivatives sold by the Company&#8217;s insurance operations that were outstanding as of March&#160;31, 2020 and December&#160;31, 2019. Credit ratings represent the lower of underlying ratings assigned to the collateral by Moody&#8217;s Investor Services (&#8220;Moody&#8217;s&#8221;), Standard&#160;&amp; Poor&#8217;s Financial Services, LLC (&#8220;S&amp;P&#8221;) or MBIA. </div></div><ix:nonNumeric name="us-gaap:DisclosureOfCreditDerivativesTextBlock" contextRef="P01_01_2020To03_31_2020" escape="true">
<table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
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<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">$ in millions</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="31" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">As of March&#160;31, 2020</div></div></td></tr>
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<td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="27" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Notional Value</div></div></td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td></tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Credit Derivatives Sold</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Weighted<br/>Average<br/>Remaining<br/>Expected<br/>Maturity</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">AAA</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">AA</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">A</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">BBB</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Below<br/>Investment<br/>Grade</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Total<br/>Notional</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair<br/>Value<br/>Asset<br/>(Liability)</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td></tr>
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<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Insured credit default swaps</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonNumeric name="mbi:WeightedAverageRemainingMaturityCreditDerivativesInYears" contextRef="P01_01_2020To03_31_2020_CreditDefaultSwapMemberusgaapCreditDerivativesByContractTypeAxis_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis" format="ixt-sec:duryear">0.8</ix:nonNumeric>&#160;Years</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DerivativeNotionalAmount" contextRef="PAsOn03_31_2020_CreditDefaultSwapMemberusgaapCreditDerivativesByContractTypeAxis_CreditRatingAaaMemberusgaapExternalCreditRatingByGroupingAxis_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DerivativeNotionalAmount" contextRef="PAsOn03_31_2020_CreditDefaultSwapMemberusgaapCreditDerivativesByContractTypeAxis_CreditRatingAaMemberusgaapExternalCreditRatingByGroupingAxis_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DerivativeNotionalAmount" contextRef="PAsOn03_31_2020_CreditDefaultSwapMemberusgaapCreditDerivativesByContractTypeAxis_CreditRatingAMemberusgaapExternalCreditRatingByGroupingAxis_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DerivativeNotionalAmount" contextRef="PAsOn03_31_2020_CreditDefaultSwapMemberusgaapCreditDerivativesByContractTypeAxis_CreditRatingBbbMemberusgaapExternalCreditRatingByGroupingAxis_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DerivativeNotionalAmount" contextRef="PAsOn03_31_2020_CreditDefaultSwapMemberusgaapCreditDerivativesByContractTypeAxis_CreditRatingBelowInvestmentGradeMemberusgaapExternalCreditRatingByGroupingAxis_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">24</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DerivativeNotionalAmount" contextRef="PAsOn03_31_2020_CreditDefaultSwapMemberusgaapCreditDerivativesByContractTypeAxis_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">24</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:CreditRiskDerivativeLiabilitiesAtFairValue" contextRef="PAsOn03_31_2020_CreditDefaultSwapMemberusgaapCreditDerivativesByContractTypeAxis_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">8</ix:nonFraction></div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Insured swaps</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonNumeric name="mbi:WeightedAverageRemainingMaturityCreditDerivativesInYears" contextRef="P01_01_2020To03_31_2020_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis_InsuredSwapsMemberusgaapCreditDerivativesByContractTypeAxis" format="ixt-sec:duryear">15.0</ix:nonNumeric>&#160;Years</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DerivativeNotionalAmount" contextRef="PAsOn03_31_2020_CreditRatingAaaMemberusgaapExternalCreditRatingByGroupingAxis_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis_InsuredSwapsMemberusgaapCreditDerivativesByContractTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DerivativeNotionalAmount" contextRef="PAsOn03_31_2020_CreditRatingAaMemberusgaapExternalCreditRatingByGroupingAxis_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis_InsuredSwapsMemberusgaapCreditDerivativesByContractTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">64</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DerivativeNotionalAmount" contextRef="PAsOn03_31_2020_CreditRatingAMemberusgaapExternalCreditRatingByGroupingAxis_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis_InsuredSwapsMemberusgaapCreditDerivativesByContractTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1,256</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DerivativeNotionalAmount" contextRef="PAsOn03_31_2020_CreditRatingBbbMemberusgaapExternalCreditRatingByGroupingAxis_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis_InsuredSwapsMemberusgaapCreditDerivativesByContractTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">374</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DerivativeNotionalAmount" contextRef="PAsOn03_31_2020_CreditRatingBelowInvestmentGradeMemberusgaapExternalCreditRatingByGroupingAxis_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis_InsuredSwapsMemberusgaapCreditDerivativesByContractTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DerivativeNotionalAmount" contextRef="PAsOn03_31_2020_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis_InsuredSwapsMemberusgaapCreditDerivativesByContractTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1,694</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:CreditRiskDerivativeLiabilitiesAtFairValue" contextRef="PAsOn03_31_2020_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis_InsuredSwapsMemberusgaapCreditDerivativesByContractTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2</ix:nonFraction></div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total notional</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DerivativeNotionalAmount" contextRef="PAsOn03_31_2020_CreditRatingAaaMemberusgaapExternalCreditRatingByGroupingAxis_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DerivativeNotionalAmount" contextRef="PAsOn03_31_2020_CreditRatingAaMemberusgaapExternalCreditRatingByGroupingAxis_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">64</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DerivativeNotionalAmount" contextRef="PAsOn03_31_2020_CreditRatingAMemberusgaapExternalCreditRatingByGroupingAxis_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1,256</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DerivativeNotionalAmount" contextRef="PAsOn03_31_2020_CreditRatingBbbMemberusgaapExternalCreditRatingByGroupingAxis_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">374</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DerivativeNotionalAmount" contextRef="PAsOn03_31_2020_CreditRatingBelowInvestmentGradeMemberusgaapExternalCreditRatingByGroupingAxis_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">24</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DerivativeNotionalAmount" contextRef="PAsOn03_31_2020_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1,718</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td></tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;">&#160;</td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total fair value</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:CreditRiskDerivativeLiabilitiesAtFairValue" contextRef="PAsOn03_31_2020_CreditRatingAaaMemberusgaapExternalCreditRatingByGroupingAxis_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:CreditRiskDerivativeLiabilitiesAtFairValue" contextRef="PAsOn03_31_2020_CreditRatingAaMemberusgaapExternalCreditRatingByGroupingAxis_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:CreditRiskDerivativeLiabilitiesAtFairValue" contextRef="PAsOn03_31_2020_CreditRatingAMemberusgaapExternalCreditRatingByGroupingAxis_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction></div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:CreditRiskDerivativeLiabilitiesAtFairValue" contextRef="PAsOn03_31_2020_CreditRatingBbbMemberusgaapExternalCreditRatingByGroupingAxis_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction></div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:CreditRiskDerivativeLiabilitiesAtFairValue" contextRef="PAsOn03_31_2020_CreditRatingBelowInvestmentGradeMemberusgaapExternalCreditRatingByGroupingAxis_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">8</ix:nonFraction></div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:CreditRiskDerivativeLiabilitiesAtFairValue" contextRef="PAsOn03_31_2020_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">10</ix:nonFraction></div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
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<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">$ in millions</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="31" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">As of December&#160;31, 2019</div></div></td></tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="27" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Notional Value</div></div></td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td></tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Credit Derivatives Sold</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Weighted<br/>Average<br/>Remaining<br/>Expected<br/>Maturity</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">AAA</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">AA</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">A</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">BBB</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Below<br/>Investment<br/>Grade</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Total<br/>Notional</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair<br/>Value<br/>Asset<br/>(Liability)</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Insured credit default swaps</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonNumeric name="mbi:WeightedAverageRemainingMaturityCreditDerivativesInYears" contextRef="P01_01_2019To12_31_2019_CreditDefaultSwapMemberusgaapCreditDerivativesByContractTypeAxis_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis" format="ixt-sec:duryear">1.0</ix:nonNumeric>&#160;Years</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DerivativeNotionalAmount" contextRef="PAsOn12_31_2019_CreditDefaultSwapMemberusgaapCreditDerivativesByContractTypeAxis_CreditRatingAaaMemberusgaapExternalCreditRatingByGroupingAxis_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DerivativeNotionalAmount" contextRef="PAsOn12_31_2019_CreditDefaultSwapMemberusgaapCreditDerivativesByContractTypeAxis_CreditRatingBelowInvestmentGradeMemberusgaapExternalCreditRatingByGroupingAxis_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">32</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Insured swaps</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonNumeric name="mbi:WeightedAverageRemainingMaturityCreditDerivativesInYears" contextRef="P01_01_2019To12_31_2019_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis_InsuredSwapsMemberusgaapCreditDerivativesByContractTypeAxis" format="ixt-sec:duryear">14.6</ix:nonNumeric>&#160;Years</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DerivativeNotionalAmount" contextRef="PAsOn12_31_2019_CreditRatingAaaMemberusgaapExternalCreditRatingByGroupingAxis_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis_InsuredSwapsMemberusgaapCreditDerivativesByContractTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DerivativeNotionalAmount" contextRef="PAsOn12_31_2019_CreditRatingAaMemberusgaapExternalCreditRatingByGroupingAxis_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis_InsuredSwapsMemberusgaapCreditDerivativesByContractTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">66</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DerivativeNotionalAmount" contextRef="PAsOn12_31_2019_CreditRatingAMemberusgaapExternalCreditRatingByGroupingAxis_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis_InsuredSwapsMemberusgaapCreditDerivativesByContractTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1,284</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DerivativeNotionalAmount" contextRef="PAsOn12_31_2019_CreditRatingBbbMemberusgaapExternalCreditRatingByGroupingAxis_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis_InsuredSwapsMemberusgaapCreditDerivativesByContractTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">445</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DerivativeNotionalAmount" contextRef="PAsOn12_31_2019_CreditRatingBelowInvestmentGradeMemberusgaapExternalCreditRatingByGroupingAxis_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis_InsuredSwapsMemberusgaapCreditDerivativesByContractTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DerivativeNotionalAmount" contextRef="PAsOn12_31_2019_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis_InsuredSwapsMemberusgaapCreditDerivativesByContractTypeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1,795</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
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<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total notional</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DerivativeNotionalAmount" contextRef="PAsOn12_31_2019_CreditRatingAaaMemberusgaapExternalCreditRatingByGroupingAxis_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DerivativeNotionalAmount" contextRef="PAsOn12_31_2019_CreditRatingAaMemberusgaapExternalCreditRatingByGroupingAxis_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">66</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DerivativeNotionalAmount" contextRef="PAsOn12_31_2019_CreditRatingAMemberusgaapExternalCreditRatingByGroupingAxis_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1,284</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DerivativeNotionalAmount" contextRef="PAsOn12_31_2019_CreditRatingBbbMemberusgaapExternalCreditRatingByGroupingAxis_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">445</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DerivativeNotionalAmount" contextRef="PAsOn12_31_2019_CreditRatingBelowInvestmentGradeMemberusgaapExternalCreditRatingByGroupingAxis_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">32</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DerivativeNotionalAmount" contextRef="PAsOn12_31_2019_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1,827</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td></tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;">&#160;</td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total fair value</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:CreditRiskDerivativeLiabilitiesAtFairValue" contextRef="PAsOn12_31_2019_CreditRatingAaaMemberusgaapExternalCreditRatingByGroupingAxis_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:CreditRiskDerivativeLiabilitiesAtFairValue" contextRef="PAsOn12_31_2019_CreditRatingAaMemberusgaapExternalCreditRatingByGroupingAxis_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:CreditRiskDerivativeLiabilitiesAtFairValue" contextRef="PAsOn12_31_2019_CreditRatingAMemberusgaapExternalCreditRatingByGroupingAxis_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction></div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:CreditRiskDerivativeLiabilitiesAtFairValue" contextRef="PAsOn12_31_2019_CreditRatingBbbMemberusgaapExternalCreditRatingByGroupingAxis_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction></div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:CreditRiskDerivativeLiabilitiesAtFairValue" contextRef="PAsOn12_31_2019_CreditRatingBelowInvestmentGradeMemberusgaapExternalCreditRatingByGroupingAxis_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">7</ix:nonFraction></div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:CreditRiskDerivativeLiabilitiesAtFairValue" contextRef="PAsOn12_31_2019_InsuranceOperationsMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">9</ix:nonFraction></div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></ix:nonNumeric> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Internal credit ratings assigned by MBIA on the underlying collateral are derived by the Company&#8217;s surveillance group. In assigning an internal rating, current status reports from issuers and trustees, as well as publicly available transaction-specific information, are reviewed. Also, where appropriate, cash flow analyses and collateral valuations are considered. 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These agreements allow the Company to contractually net amounts due from a counterparty with those amounts due to such counterparty when certain triggering events occur. The Company only executes swaps under master netting agreements, which typically contain mutual credit downgrade provisions that generally provide the ability to require assignment or termination in the event either MBIA or the counterparty is downgraded below a specified credit rating. </div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Under these agreements, the Company may receive or provide cash, U.S. Treasury or other highly rated securities to secure counterparties&#8217; exposure to the Company or its exposure to counterparties, respectively. Such collateral is available to the holder to pay for replacing the counterparty in the event that the counterparty defaults. As of March&#160;31, 2020, the Company did not hold cash collateral to derivative counterparties but posted $<ix:nonFraction name="us-gaap:DerivativeCollateralRightToReclaimCash" contextRef="PAsOn03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">36</ix:nonFraction>&#160;million cash collateral to derivative counterparties. As of December&#160;31, 2019, the Company did <ix:nonFraction name="us-gaap:DerivativeCollateralRightToReclaimCash" contextRef="PAsOn12_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt-sec:numwordsen">no</ix:nonFraction>t hold or post cash collateral to derivative counterparties. </div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;">As of March&#160;31, 2020 and December&#160;31, 2019, the Company had securities with a fair value of $<ix:nonFraction name="us-gaap:DerivativeCollateralRightToReclaimSecurities" contextRef="PAsOn03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">218</ix:nonFraction>&#160;million and $<ix:nonFraction name="us-gaap:DerivativeCollateralRightToReclaimSecurities" contextRef="PAsOn12_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">181</ix:nonFraction>&#160;million, respectively, posted to derivative counterparties and these amounts are included within &#8220;Fixed-maturity securities held as <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">available-for-sale,</div> at fair value&#8221; on the Company&#8217;s consolidated balance sheets.</div></ix:continuation><div style="margin-top: 1em; margin-bottom: 0em;"></div><div><div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">39</div></div><div></div></div></div><div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div><hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/><div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div><div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"><div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Inc. and Subsidiaries</div> </div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Notes to Consolidated Financial Statements (Unaudited) </div></div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 8: Derivative Instruments (continued) </div></div></div><div></div><div style="margin-top: 1em; margin-bottom: 0em;"></div><ix:continuation id="TextSelectionAppend_12967288_1" continuedAt="TextSelectionAppend_12967288_2"><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of March&#160;31, 2020 and December&#160;31, 2019, the fair value on <ix:nonFraction name="mbi:NumberOfCreditSupportAnnexes" contextRef="PAsOn12_31_2019" unitRef="Unit_pure" decimals="0" scale="0" format="ixt-sec:numwordsen"><ix:nonFraction name="mbi:NumberOfCreditSupportAnnexes" contextRef="PAsOn03_31_2020" unitRef="Unit_pure" decimals="0" scale="0" format="ixt-sec:numwordsen">one</ix:nonFraction></ix:nonFraction> Credit Support Annex (&#8220;CSA&#8221;) was $<ix:nonFraction name="mbi:FairValueOfCreditSupportAnnexes" contextRef="PAsOn12_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal"><ix:nonFraction name="mbi:FairValueOfCreditSupportAnnexes" contextRef="PAsOn03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction></ix:nonFraction>&#160;million. This CSA governs collateral posting requirements between MBIA and its derivative counterparties. The Company did not receive collateral due to the Company&#8217;s credit rating, which was below the CSA minimum credit ratings level for holding counterparty collateral. As of March&#160;31, 2020 and December&#160;31, 2019, the counterparty was rated Aa3 by Moody&#8217;s and A+ by S&amp;P. </div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financial Statement Presentation </div></div></div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The fair value of amounts recognized for eligible derivative contracts executed with the same counterparty under a master netting agreement, including any cash collateral that may have been received or posted by the Company, is presented on a net basis in accordance with accounting guidance for the offsetting of fair value amounts related to derivative instruments. Insured CDS and insured swaps are not subject to master netting agreements. VIE derivative assets and liabilities are not presented net of any master netting agreements. Counterparty netting of derivative assets and liabilities offsets balances in &#8220;Interest rate swaps&#8221;, when applicable. </div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents the total fair value of the Company&#8217;s derivative assets and liabilities by instrument and balance sheet location, before counterparty netting, as of March&#160;31, 2020: </div></div><ix:nonNumeric name="us-gaap:ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock" contextRef="P01_01_2020To03_31_2020" escape="true" continuedAt="TextSelection_12967398">
<table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
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<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div></td>
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<td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div></td>
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<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Derivative Assets<div style="font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;">(1)</div></div></div></td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Derivative Liabilities<div style="font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;">(1)</div></div></div></td></tr>
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<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Derivative Instruments</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Notional<br/>Amount<br/>Outstanding</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Balance&#160;Sheet&#160;Location</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair&#160;Value</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Balance&#160;Sheet&#160;Location</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair&#160;Value</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Not designated as hedging instruments:</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td></tr>
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<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Insured credit default swaps</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DerivativeNotionalAmount" contextRef="PAsOn03_31_2020_CreditDefaultSwapMemberusgaapDerivativeInstrumentRiskAxis_DerivativeInstrumentMemberMBIDerivativeInstrumentDetailsAxis_NondesignatedMemberusgaapHedgingDesignationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">24</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other&#160;assets</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue" contextRef="PAsOn03_31_2020_CreditDefaultSwapMemberusgaapDerivativeInstrumentRiskAxis_DerivativeInstrumentMemberMBIDerivativeInstrumentDetailsAxis_NondesignatedMemberusgaapHedgingDesignationAxis_OtherAssetsMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash" id="Fact_12967228">-</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Derivative&#160;liabilities</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="mbi:DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue" contextRef="PAsOn03_31_2020_CreditDefaultSwapMemberusgaapDerivativeInstrumentRiskAxis_DerivativeInstrumentMemberMBIDerivativeInstrumentDetailsAxis_DerivativeLiabilitiesMemberusgaapBalanceSheetLocationAxis_NondesignatedMemberusgaapHedgingDesignationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12967222">8</ix:nonFraction></div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Insured swaps</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other assets</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue" contextRef="PAsOn03_31_2020_DerivativeInstrumentMemberMBIDerivativeInstrumentDetailsAxis_InsuredSwapsMemberusgaapDerivativeInstrumentRiskAxis_NondesignatedMemberusgaapHedgingDesignationAxis_OtherAssetsMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash" id="Fact_12967229">-</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Derivative liabilities</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="mbi:DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue" contextRef="PAsOn03_31_2020_DerivativeInstrumentMemberMBIDerivativeInstrumentDetailsAxis_DerivativeLiabilitiesMemberusgaapBalanceSheetLocationAxis_InsuredSwapsMemberusgaapDerivativeInstrumentRiskAxis_NondesignatedMemberusgaapHedgingDesignationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12967223">2</ix:nonFraction></div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Interest rate swaps</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DerivativeNotionalAmount" contextRef="PAsOn03_31_2020_DerivativeInstrumentMemberMBIDerivativeInstrumentDetailsAxis_InterestRateSwapMemberusgaapDerivativeInstrumentRiskAxis_NondesignatedMemberusgaapHedgingDesignationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">439</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other assets</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue" contextRef="PAsOn03_31_2020_DerivativeInstrumentMemberMBIDerivativeInstrumentDetailsAxis_InterestRateSwapMemberusgaapDerivativeInstrumentRiskAxis_NondesignatedMemberusgaapHedgingDesignationAxis_OtherAssetsMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12967215">1</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Derivative liabilities</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="mbi:DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue" contextRef="PAsOn03_31_2020_DerivativeInstrumentMemberMBIDerivativeInstrumentDetailsAxis_DerivativeLiabilitiesMemberusgaapBalanceSheetLocationAxis_InterestRateSwapMemberusgaapDerivativeInstrumentRiskAxis_NondesignatedMemberusgaapHedgingDesignationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12967224">190</ix:nonFraction></div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Interest rate swaps-embedded</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DerivativeNotionalAmount" contextRef="PAsOn03_31_2020_DerivativeInstrumentMemberMBIDerivativeInstrumentDetailsAxis_InterestRateSwapsEmbeddedMemberusgaapDerivativeInstrumentRiskAxis_NondesignatedMemberusgaapHedgingDesignationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">227</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Medium-term</div>&#160;notes</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue" contextRef="PAsOn03_31_2020_DerivativeInstrumentMemberMBIDerivativeInstrumentDetailsAxis_InterestRateSwapsEmbeddedMemberusgaapDerivativeInstrumentRiskAxis_MediumTermNotesMemberusgaapBalanceSheetLocationAxis_NondesignatedMemberusgaapHedgingDesignationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash" id="Fact_12967230">-</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Medium-term notes</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="mbi:DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue" contextRef="PAsOn03_31_2020_DerivativeInstrumentMemberMBIDerivativeInstrumentDetailsAxis_InterestRateSwapsEmbeddedMemberusgaapDerivativeInstrumentRiskAxis_MediumTermNotesMemberusgaapBalanceSheetLocationAxis_NondesignatedMemberusgaapHedgingDesignationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12967225">10</ix:nonFraction></div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Currency <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">swaps-VIE </div></div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DerivativeNotionalAmount" contextRef="PAsOn03_31_2020_CurrencySwapsVieMemberusgaapDerivativeInstrumentRiskAxis_DerivativeInstrumentMemberMBIDerivativeInstrumentDetailsAxis_NondesignatedMemberusgaapHedgingDesignationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">57</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">&#160;assets-VIE </div></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue" contextRef="PAsOn03_31_2020_CurrencySwapsVieMemberusgaapDerivativeInstrumentRiskAxis_DerivativeInstrumentMemberMBIDerivativeInstrumentDetailsAxis_NondesignatedMemberusgaapHedgingDesignationAxis_OtherAssetsVieMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12967218">18</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Derivative<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">&#160;liabilities-VIE </div></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue" contextRef="PAsOn03_31_2020_CurrencySwapsVieMemberusgaapDerivativeInstrumentRiskAxis_DerivativeInstrumentMemberMBIDerivativeInstrumentDetailsAxis_DerivativeLiabilitiesVIEMemberusgaapBalanceSheetLocationAxis_NondesignatedMemberusgaapHedgingDesignationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash" id="Fact_12967232">-</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">All other</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DerivativeNotionalAmount" contextRef="PAsOn03_31_2020_AllOtherMemberusgaapDerivativeInstrumentRiskAxis_DerivativeInstrumentMemberMBIDerivativeInstrumentDetailsAxis_NondesignatedMemberusgaapHedgingDesignationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">49</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other assets</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue" contextRef="PAsOn03_31_2020_AllOtherMemberusgaapDerivativeInstrumentRiskAxis_DerivativeInstrumentMemberMBIDerivativeInstrumentDetailsAxis_NondesignatedMemberusgaapHedgingDesignationAxis_OtherAssetsMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash" id="Fact_12967231">-</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Derivative liabilities</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="mbi:DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue" contextRef="PAsOn03_31_2020_AllOtherMemberusgaapDerivativeInstrumentRiskAxis_DerivativeInstrumentMemberMBIDerivativeInstrumentDetailsAxis_DerivativeLiabilitiesMemberusgaapBalanceSheetLocationAxis_NondesignatedMemberusgaapHedgingDesignationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12967226">37</ix:nonFraction></div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-designated</div> derivatives</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DerivativeNotionalAmount" contextRef="PAsOn03_31_2020_DerivativeInstrumentMemberMBIDerivativeInstrumentDetailsAxis_NondesignatedMemberusgaapHedgingDesignationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2,490</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue" contextRef="PAsOn03_31_2020_DerivativeInstrumentMemberMBIDerivativeInstrumentDetailsAxis_NondesignatedMemberusgaapHedgingDesignationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12967221">19</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="mbi:DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue" contextRef="PAsOn03_31_2020_DerivativeInstrumentMemberMBIDerivativeInstrumentDetailsAxis_NondesignatedMemberusgaapHedgingDesignationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12967227">247</ix:nonFraction></div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="text-align: center;"><div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">In accordance with the accounting guidance for derivative instruments and hedging activities, the balance sheet location of the Company&#8217;s embedded derivative instruments is determined by the location of the related host contract.</td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></ix:nonNumeric> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents the total fair value of the Company&#8217;s derivative assets and liabilities by instrument and balance sheet location, before counterparty netting, as of December&#160;31, 2019: </div></div> <ix:continuation id="TextSelection_12967398">
<table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
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<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Derivative Assets<div style="font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;">(1)</div></div></div></td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Derivative Liabilities<div style="font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;">(1)</div></div></div></td></tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Derivative Instruments</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Notional<br/>Amount<br/>Outstanding</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Balance&#160;Sheet&#160;Location</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair&#160;Value</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Balance Sheet&#160;Location</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair&#160;Value</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Not designated as hedging instruments:</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Insured credit default swaps</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DerivativeNotionalAmount" contextRef="PAsOn12_31_2019_CreditDefaultSwapMemberusgaapDerivativeInstrumentRiskAxis_DerivativeInstrumentMemberMBIDerivativeInstrumentDetailsAxis_NondesignatedMemberusgaapHedgingDesignationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">32</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other&#160;assets</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue" contextRef="PAsOn12_31_2019_CreditDefaultSwapMemberusgaapDerivativeInstrumentRiskAxis_DerivativeInstrumentMemberMBIDerivativeInstrumentDetailsAxis_NondesignatedMemberusgaapHedgingDesignationAxis_OtherAssetsMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash" id="Fact_12967249">-</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Derivative&#160;liabilities</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="mbi:DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue" contextRef="PAsOn12_31_2019_CreditDefaultSwapMemberusgaapDerivativeInstrumentRiskAxis_DerivativeInstrumentMemberMBIDerivativeInstrumentDetailsAxis_DerivativeLiabilitiesMemberusgaapBalanceSheetLocationAxis_NondesignatedMemberusgaapHedgingDesignationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12967243">7</ix:nonFraction></div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Insured swaps</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DerivativeNotionalAmount" contextRef="PAsOn12_31_2019_DerivativeInstrumentMemberMBIDerivativeInstrumentDetailsAxis_InsuredSwapsMemberusgaapDerivativeInstrumentRiskAxis_NondesignatedMemberusgaapHedgingDesignationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1,795</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other assets</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue" contextRef="PAsOn12_31_2019_DerivativeInstrumentMemberMBIDerivativeInstrumentDetailsAxis_InsuredSwapsMemberusgaapDerivativeInstrumentRiskAxis_NondesignatedMemberusgaapHedgingDesignationAxis_OtherAssetsMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash" id="Fact_12967250">-</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Derivative liabilities</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="mbi:DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue" contextRef="PAsOn12_31_2019_DerivativeInstrumentMemberMBIDerivativeInstrumentDetailsAxis_DerivativeLiabilitiesMemberusgaapBalanceSheetLocationAxis_InsuredSwapsMemberusgaapDerivativeInstrumentRiskAxis_NondesignatedMemberusgaapHedgingDesignationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12967244">2</ix:nonFraction></div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Interest rate swaps</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DerivativeNotionalAmount" contextRef="PAsOn12_31_2019_DerivativeInstrumentMemberMBIDerivativeInstrumentDetailsAxis_InterestRateSwapMemberusgaapDerivativeInstrumentRiskAxis_NondesignatedMemberusgaapHedgingDesignationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">441</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other assets</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue" contextRef="PAsOn12_31_2019_DerivativeInstrumentMemberMBIDerivativeInstrumentDetailsAxis_InterestRateSwapMemberusgaapDerivativeInstrumentRiskAxis_NondesignatedMemberusgaapHedgingDesignationAxis_OtherAssetsMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12967236">1</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Derivative liabilities</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="mbi:DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue" contextRef="PAsOn12_31_2019_DerivativeInstrumentMemberMBIDerivativeInstrumentDetailsAxis_DerivativeLiabilitiesMemberusgaapBalanceSheetLocationAxis_InterestRateSwapMemberusgaapDerivativeInstrumentRiskAxis_NondesignatedMemberusgaapHedgingDesignationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12967245">132</ix:nonFraction></div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Interest rate swaps-embedded</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DerivativeNotionalAmount" contextRef="PAsOn12_31_2019_DerivativeInstrumentMemberMBIDerivativeInstrumentDetailsAxis_InterestRateSwapsEmbeddedMemberusgaapDerivativeInstrumentRiskAxis_NondesignatedMemberusgaapHedgingDesignationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">232</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Medium-term</div>&#160;notes</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue" contextRef="PAsOn12_31_2019_DerivativeInstrumentMemberMBIDerivativeInstrumentDetailsAxis_InterestRateSwapsEmbeddedMemberusgaapDerivativeInstrumentRiskAxis_MediumTermNotesMemberusgaapBalanceSheetLocationAxis_NondesignatedMemberusgaapHedgingDesignationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash" id="Fact_12967251">-</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Medium-term notes</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Currency <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">swaps-VIE </div></div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DerivativeNotionalAmount" contextRef="PAsOn12_31_2019_CurrencySwapsVieMemberusgaapDerivativeInstrumentRiskAxis_DerivativeInstrumentMemberMBIDerivativeInstrumentDetailsAxis_NondesignatedMemberusgaapHedgingDesignationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">58</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue" contextRef="PAsOn12_31_2019_CurrencySwapsVieMemberusgaapDerivativeInstrumentRiskAxis_DerivativeInstrumentMemberMBIDerivativeInstrumentDetailsAxis_NondesignatedMemberusgaapHedgingDesignationAxis_OtherAssetsVieMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12967239">8</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue" contextRef="PAsOn12_31_2019_CurrencySwapsVieMemberusgaapDerivativeInstrumentRiskAxis_DerivativeInstrumentMemberMBIDerivativeInstrumentDetailsAxis_DerivativeLiabilitiesVIEMemberusgaapBalanceSheetLocationAxis_NondesignatedMemberusgaapHedgingDesignationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash" id="Fact_12967252">-</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">All other</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DerivativeNotionalAmount" contextRef="PAsOn12_31_2019_AllOtherMemberusgaapDerivativeInstrumentRiskAxis_DerivativeInstrumentMemberMBIDerivativeInstrumentDetailsAxis_NondesignatedMemberusgaapHedgingDesignationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">49</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other assets</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue" contextRef="PAsOn12_31_2019_AllOtherMemberusgaapDerivativeInstrumentRiskAxis_DerivativeInstrumentMemberMBIDerivativeInstrumentDetailsAxis_NondesignatedMemberusgaapHedgingDesignationAxis_OtherAssetsMemberusgaapBalanceSheetLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash" id="Fact_12967253">-</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Derivative liabilities</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="mbi:DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue" contextRef="PAsOn12_31_2019_AllOtherMemberusgaapDerivativeInstrumentRiskAxis_DerivativeInstrumentMemberMBIDerivativeInstrumentDetailsAxis_DerivativeLiabilitiesMemberusgaapBalanceSheetLocationAxis_NondesignatedMemberusgaapHedgingDesignationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12967247">34</ix:nonFraction></div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-designated</div> derivatives</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:DerivativeNotionalAmount" contextRef="PAsOn12_31_2019_DerivativeInstrumentMemberMBIDerivativeInstrumentDetailsAxis_NondesignatedMemberusgaapHedgingDesignationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2,607</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue" contextRef="PAsOn12_31_2019_DerivativeInstrumentMemberMBIDerivativeInstrumentDetailsAxis_NondesignatedMemberusgaapHedgingDesignationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12967242">9</ix:nonFraction></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="mbi:DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue" contextRef="PAsOn12_31_2019_DerivativeInstrumentMemberMBIDerivativeInstrumentDetailsAxis_NondesignatedMemberusgaapHedgingDesignationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12967248">190</ix:nonFraction></div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="text-align: center;"><div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">In accordance with the accounting guidance for derivative instruments and hedging activities, the balance sheet location of the Company&#8217;s embedded derivative instruments is determined by the location of the related host contract.</td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div> </ix:continuation></ix:continuation><div style="margin-top: 1em; margin-bottom: 0em;"></div><div><div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">40</div></div><div></div></div></div><div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div><hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/><div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div><div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"><div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"></div></div></div> <div><div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"><div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Inc. and Subsidiaries</div> </div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Notes to Consolidated Financial Statements (Unaudited) </div></div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 8: Derivative Instruments (continued) </div></div></div><div></div><div style="margin-top: 1em; margin-bottom: 0em;"></div><ix:continuation id="TextSelectionAppend_12967288_2"><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents the effect of derivative instruments on the consolidated statements of operations for the three months ended March&#160;31, 2020 and 2019: </div></div><ix:nonNumeric name="us-gaap:ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock" contextRef="P01_01_2020To03_31_2020" escape="true">
<table border="0" cellpadding="0" cellspacing="0" style="margin: 12pt auto 0px; width: 100%; font-size: 10pt; border-collapse: separate; border-spacing: 0;">
<tr style="font-size: 0px;">
<td style="width: 24%; font-family: Arial; padding: 0px;"></td>
<td style="width: 3%; font-family: Arial; padding: 0px;"></td>
<td style="width: 50%; font-family: Arial; padding: 0px;"></td>
<td style="width: 3%; font-family: Arial; padding: 0px;"></td>
<td style="font-family: Arial; padding: 0px;"></td>
<td style="font-family: Arial; padding: 0px;"></td>
<td style="width: 4%; font-family: Arial; padding: 0px;"></td>
<td style="width: 3%; font-family: Arial; padding: 0px;"></td>
<td style="font-family: Arial; padding: 0px;"></td>
<td style="font-family: Arial; padding: 0px;"></td>
<td style="width: 4%; font-family: Arial; padding: 0px;"></td></tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"><div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions </div></div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"><div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"><div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div></td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"><div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div></td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td></tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; white-space: nowrap; font-size: 8pt; padding-bottom: 0.5pt;"><div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Derivatives Not Designated as </div></div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"><div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"><div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Three&#160;Months&#160;Ended&#160;March&#160;31, </div></div></div></td>
<td style="padding-bottom: 0.5pt; font-family: Arial;">&#160;</td></tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"><div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Hedging Instruments </div></div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"><div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Location of Gain (Loss) Recognized in Income on Derivative </div></div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"><div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2020 </div></div></div></td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"><div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2019 </div></div></div></td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td></tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"><div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Insured credit default swaps </div></div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt;"><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Unrealized gains (losses) on insured derivatives </div></div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:DerivativeGainLossOnDerivativeNet" contextRef="P01_01_2020To03_31_2020_CreditDefaultSwapMemberusgaapDerivativeInstrumentRiskAxis_UnrealizedGainsLossesOnInsuredDerivativesMemberusgaapIncomeStatementLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">1</ix:nonFraction></div></div></td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:DerivativeGainLossOnDerivativeNet" contextRef="P01_01_2019To03_31_2019_CreditDefaultSwapMemberusgaapDerivativeInstrumentRiskAxis_UnrealizedGainsLossesOnInsuredDerivativesMemberusgaapIncomeStatementLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">14</ix:nonFraction> </div></div></td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td></tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"><div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Interest rate swaps </div></div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt;"><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net gains (losses) on financial instruments at fair value and foreign exchange </div></div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:DerivativeGainLossOnDerivativeNet" contextRef="P01_01_2020To03_31_2020_ForeignExchangeAndOtherDerivativesFinancialInstrumentsMemberusgaapIncomeStatementLocationAxis_InterestRateSwapMemberusgaapDerivativeInstrumentRiskAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">56</ix:nonFraction></div></div></td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:DerivativeGainLossOnDerivativeNet" contextRef="P01_01_2019To03_31_2019_ForeignExchangeAndOtherDerivativesFinancialInstrumentsMemberusgaapIncomeStatementLocationAxis_InterestRateSwapMemberusgaapDerivativeInstrumentRiskAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">20</ix:nonFraction></div></div></td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td></tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top;"><div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;">Currency <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">swaps-VIE </div></div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom;"><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;">Net gains (losses) on financial instruments at fair value and foreign <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">exchange-VIE </div></div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:DerivativeGainLossOnDerivativeNet" contextRef="P01_01_2020To03_31_2020_CurrencySwapsVieMemberusgaapDerivativeInstrumentRiskAxis_ForeignExchangeAndOtherDerivativesFinancialInstrumentsMemberusgaapIncomeStatementLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">10</ix:nonFraction> </div></div></td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:DerivativeGainLossOnDerivativeNet" contextRef="P01_01_2019To03_31_2019_CurrencySwapsVieMemberusgaapDerivativeInstrumentRiskAxis_ForeignExchangeAndOtherDerivativesFinancialInstrumentsMemberusgaapIncomeStatementLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">3</ix:nonFraction></div></div></td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td></tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"><div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">All other </div></div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt;"><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net gains (losses) on financial instruments at fair value and foreign exchange </div></div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:DerivativeGainLossOnDerivativeNet" contextRef="P01_01_2020To03_31_2020_AllOtherMemberusgaapDerivativeInstrumentRiskAxis_ForeignExchangeAndOtherDerivativesFinancialInstrumentsMemberusgaapIncomeStatementLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">3</ix:nonFraction></div></div></td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:DerivativeGainLossOnDerivativeNet" contextRef="P01_01_2019To03_31_2019_AllOtherMemberusgaapDerivativeInstrumentRiskAxis_ForeignExchangeAndOtherDerivativesFinancialInstrumentsMemberusgaapIncomeStatementLocationAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div></td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td></tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td></tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"><div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total </div></div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt;"><div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:DerivativeGainLossOnDerivativeNet" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">50</ix:nonFraction></div></div></td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:DerivativeGainLossOnDerivativeNet" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">9</ix:nonFraction></div></div></td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td></tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></ix:nonNumeric> </ix:continuation><ix:nonNumeric name="us-gaap:IncomeTaxDisclosureTextBlock" contextRef="P01_01_2020To03_31_2020" escape="true" continuedAt="TextSelection_12967300"><div id="toc893688_17" style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 9: Income Taxes </div></div></div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company&#8217;s income taxes and the related effective tax rates for the three months ended March&#160;31, 2020 and 2019 are as follows: </div></div><ix:nonNumeric name="us-gaap:ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock" contextRef="P01_01_2020To03_31_2020" escape="true">
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<td style="font-family: Arial; padding: 0px;"></td></tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"><div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="7" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"><div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Three&#160;Months&#160;Ended&#160;March&#160;31, </div></div></div></td></tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"><div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions </div></div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"><div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2020 </div></div></div></td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"><div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2019 </div></div></div></td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td></tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"><div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Income (loss) before income taxes </div></div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">333</ix:nonFraction></div></div></td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">19</ix:nonFraction></div></div></td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td></tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"><div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Provision (benefit) for income taxes </div></div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:IncomeTaxExpenseBenefit" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction> </div></div></td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:IncomeTaxExpenseBenefit" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2</ix:nonFraction> </div></div></td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td></tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"><div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Effective tax rate </div></div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:EffectiveIncomeTaxRateReconciliationTaxContingencies" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_pure" decimals="3" scale="-2" format="ixt:numdotdecimal">0.0</ix:nonFraction>% </div></div></td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-<ix:nonFraction name="us-gaap:EffectiveIncomeTaxRateReconciliationTaxContingencies" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_pure" decimals="3" scale="-2" sign="-" format="ixt:numdotdecimal">10.5</ix:nonFraction>% </div></div></td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></ix:nonNumeric> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For the three months ended March&#160;31, 2020 and 2019, the Company&#8217; effective tax rate applied to its loss before income taxes was lower than the U.S. statutory tax rate due to the full valuation allowance on the changes in its net deferred tax asset.&#160;</div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Deferred Tax Asset, Net of Valuation Allowance </div></div></div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The Company assesses the available positive and negative evidence to estimate whether sufficient future taxable income will be generated to permit use of its existing deferred tax assets. A significant piece of objective negative evidence evaluated was the Company having a three-year cumulative loss. Such objective evidence limits the ability to consider other subjective evidence, such as the Company&#8217;s projections of <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">pre-tax</div> income. On the basis of this evaluation, the Company has recorded a full valuation allowance against its net deferred tax asset of $<ix:nonFraction name="us-gaap:DeferredTaxAssetsValuationAllowance" contextRef="PAsOn03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">923</ix:nonFraction>&#160;million and $<ix:nonFraction name="us-gaap:DeferredTaxAssetsValuationAllowance" contextRef="PAsOn12_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">873</ix:nonFraction>&#160;million as of March&#160;31, 2020 and December&#160;31, 2019, respectively. The Company will continue to analyze the valuation allowance on a quarterly basis.</div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net operating losses (&#8220;NOLs&#8221;) of property and casualty insurance companies are permitted to be carried back two years and carried forward 20 years, except where modified by the CARES Act as outlined below. NOLs of property and casualty insurance companies are not subject to the 80 percent taxable income limitation and indefinite lived carryforward period required by the Tax Cuts and Jobs Act applicable to general corporate NOLs.</div></div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Accounting for Uncertainty in Income Taxes </div></div></div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company&#8217;s policy is to record and disclose any change in unrecognized tax benefit (&#8220;UTB&#8221;) and related interest and/or penalties to income tax in the consolidated statements of operations. The Company includes interest as a component of income tax expense. As of March&#160;31, 2020 and December&#160;31, 2019, the Company had <ix:nonFraction name="us-gaap:UnrecognizedTaxBenefits" contextRef="PAsOn03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt-sec:numwordsen">no</ix:nonFraction> UTB. </div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Federal income tax returns through 2011 have been examined or surveyed. As of March&#160;31, 2020, the Company&#8217;s NOL is approximately $<ix:nonFraction name="us-gaap:OperatingLossCarryforwards" contextRef="PAsOn03_31_2020" unitRef="Unit_USD" decimals="-8" scale="9" format="ixt:numdotdecimal">3.1</ix:nonFraction>&#160;billion. NOLs generated prior to tax reform and property and casualty NOLs generated after tax reform will expire between tax years 2032 through 2040. As of March&#160;31, 2020, the Company has a foreign tax credit carryforward of $<ix:nonFraction name="us-gaap:DeferredTaxAssetsTaxCreditCarryforwardsForeign" contextRef="PAsOn03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">61</ix:nonFraction>&#160;million, which will expire between tax years 2020 through 2030. As of March&#160;31, 2020, the Company has an alternative minimum tax (&#8220;AMT&#8221;) credit of $<ix:nonFraction name="us-gaap:DeferredTaxAssetsTaxCreditCarryforwardsOther" contextRef="PAsOn03_31_2020" unitRef="Unit_USD" decimals="-5" scale="6" format="ixt:numdotdecimal">12.7</ix:nonFraction>&#160;million. As a result of the CARES Act, the remaining AMT credit will be refunded during calendar year 2020. The AMT credit refundable to the Company is included in &#8220;Other assets&#8221; of the Company&#8217;s consolidated balance sheet. </div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Section&#160;382 of the Internal Revenue Code </div></div></div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">On May&#160;2, 2018, MBIA Inc.&#8217;s shareholders ratified an amendment to the Company&#8217;s <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">By-Laws,</div> which had been adopted earlier by MBIA Inc.&#8217;s Board of Directors. The amendment places restrictions on certain acquisitions of Company stock that otherwise may have increased the likelihood of an ownership change within the meaning of Section&#160;382 of the Internal Revenue Code. With certain exceptions, the amendment generally prohibits a person from becoming a &#8220;Section&#160;382 five-percent shareholder&#8221; by acquiring, directly or by attribution, 5% or more of the outstanding shares of the Company&#8217;s common stock.</div></ix:nonNumeric><div style="margin-top: 1em; margin-bottom: 0em;"></div><div><div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">41</div><div></div></div></div><div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div><hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/><div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div><div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"><div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Inc. and Subsidiaries</div> </div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Notes to Consolidated Financial Statements (Unaudited) </div></div></div><div></div><div style="margin-top: 1em; margin-bottom: 0em;"></div><div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"><div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 9: Income Taxes (continued) </div></div></div></div></div><ix:continuation id="TextSelection_12967300"><div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Coronavirus Aid, Relief, and Economic Security Act </div></div></div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">On March&#160;27, 2020, as part of the business stimulus package in response to <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19</div> pandemic, the U.S. government enacted the Coronavirus Aid, Relief, and Economic Security (&#8220;CARES&#8221;) Act. The CARES Act established new tax provisions including, but not limited to: (1)&#160;five-year carryback of NOLs generated in 2018, 2019 and 2020; (2) accelerated refund of AMT credit carryforwards; and (3)&#160;retroactive changes to allow accelerated depreciation for certain depreciable property. The legislation does not have a material impact on the Company&#8217;s tax positions due to the lack of taxable income in the carryback periods. The Company expects to receive a cash benefit for its remaining AMT credits in 2020 as provided by the CARES Act.</div></ix:continuation><ix:nonNumeric name="us-gaap:SegmentReportingDisclosureTextBlock" contextRef="P01_01_2020To03_31_2020" escape="true" continuedAt="TextSelection_12965967"><div id="toc893688_18" style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 10: Business Segments </div></div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As defined by segment reporting, an operating segment is a component of a company (i)&#160;that engages in business activities from which it earns revenue and incurs expenses, (ii)&#160;whose operating results are regularly reviewed by the Chief Operating Decision Maker to assess the performance of the segment and to make decisions about the allocation of resources to the segment and, (iii)&#160;for which discrete financial information is available. </div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company manages its businesses across <ix:nonFraction name="us-gaap:NumberOfOperatingSegments" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_segments" decimals="INF" scale="0" format="ixt-sec:numwordsen">three</ix:nonFraction> operating segments: 1) U.S. public finance insurance; 2) corporate; and 3) international and structured finance insurance. The Company&#8217;s U.S. public finance insurance business is operated through National and its international and structured finance insurance business is operated through MBIA Corp. </div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following sections provide a description of each of the Company&#8217;s reportable operating segments. </div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">U.S. Public Finance Insurance </div></div></div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The Company&#8217;s U.S. public finance insurance portfolio is managed through National. The financial guarantees issued by National provide unconditional and irrevocable guarantees of the payment of the principal of, and interest or other amounts owing on, U.S. public finance insured obligations when due. The obligations are not subject to acceleration, except that National may have the right, at its discretion, to accelerate insured obligations upon default or otherwise. National&#8217;s guarantees insure municipal bonds, including <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">tax-exempt</div> and taxable indebtedness of U.S. political subdivisions, as well as utilities, airports, health care institutions, higher educational facilities, student loan issuers, housing authorities and other similar agencies and obligations issued by private entities that finance projects that serve a substantial public purpose. Municipal bonds and privately issued bonds used for the financing of public purpose projects are generally supported by taxes, assessments, fees or tariffs related to the use of these projects, lease payments or other similar types of revenue streams.</div><div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Corporate </div></div></div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The Company&#8217;s corporate segment consists of general corporate activities, including providing support services to MBIA Inc.&#8217;s subsidiaries as well as asset and capital management. Support services are provided by the Company&#8217;s service company, MBIA Services, and include, among others, management, legal, accounting, treasury, information technology, and insurance portfolio surveillance, on a <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">fee-for-service</div> basis. Capital management includes activities related to servicing obligations issued by MBIA Inc. and its subsidiaries, MBIA Global Funding, LLC (&#8220;GFL&#8221;) and MBIA Investment Management Corp. (&#8220;IMC&#8221;). MBIA Inc. issued debt to finance the operations of the MBIA group. GFL raised funds through the issuance of MTNs with varying maturities, which were in turn guaranteed by MBIA Corp. GFL lent the proceeds of these MTN issuances to MBIA Inc. IMC, along with MBIA Inc., provided customized investment agreements, guaranteed by MBIA Corp., for bond proceeds and other public funds for such purposes as construction, loan origination, escrow and debt service or other reserve fund requirements. The Company has ceased issuing new MTNs and investment agreements and the outstanding liability balances and corresponding asset balances have declined over time as liabilities matured, terminated or were called or repurchased. All of the debt within the corporate segment is managed collectively and is serviced by available liquidity.</div><div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">International and Structured Finance Insurance </div></div></div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The Company&#8217;s international and structured finance insurance segment is principally conducted through MBIA Corp. The financial guarantees issued by MBIA Corp. generally provide unconditional and irrevocable guarantees of the payment of principal of, and interest or other amounts owing on, <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-U.S.</div> public finance and global structured finance insured obligations when due, or in the event MBIA Corp. has the right, at its discretion, to accelerate insured obligations upon default or otherwise. MBIA Corp. insures the investment contracts written by MBIA Inc., and if MBIA Inc. were to have insufficient assets to pay amounts due upon maturity or termination, MBIA Corp. would make such payments. MBIA Corp. insures debt obligations of the following affiliates:</div><div style="margin-top: 6pt; margin-bottom: 0px;"></div>
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<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">MBIA Inc.;</td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></ix:nonNumeric><div style="margin-top: 1em; margin-bottom: 0em;"></div><div><div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">42</div><div></div></div></div><div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div><hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/><div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div><div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"><div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"></div></div></div> <div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Inc. and Subsidiaries</div> </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Notes to Consolidated Financial Statements (Unaudited) </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 10: Business Segments (continued) </div></div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <ix:continuation id="TextSelection_12965967" continuedAt="TextSelectionAppend_12965967_1">
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<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">GFL;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
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<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">IMC;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
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<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">MZ Funding LLC; and</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
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<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">LaCrosse Financial Products, LLC, a wholly-owned affiliate, to which MBIA Insurance Corporation has written insurance policies guaranteeing the obligations under CDS. Certain policies cover payments potentially due under CDS, including termination payments that may become due in certain circumstances, including the occurrence of certain insolvency or payment defaults under the CDS or derivatives contracts by the insured counterparty or by the&#160;guarantor.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;">MBIA Corp. insures <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-U.S.</div> public finance and global structured finance obligations, including asset-backed obligations. MBIA Corp. has insured sovereign-related and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">sub-sovereign</div> bonds, utilities, privately issued bonds used for the financing of projects that include toll roads, bridges, airports, public transportation facilities, and other types of infrastructure projects serving a substantial public purpose. Global structured finance and asset-backed obligations typically are securities repayable from expected cash flows generated by a specified pool of assets, such as residential and commercial mortgages, insurance policies, consumer loans, corporate loans and bonds, trade and export receivables, and leases for equipment, aircraft and real estate property. MBIA Corp. has also written policies guaranteeing obligations under certain other derivative contracts, including termination payments that may become due upon certain insolvency or payment defaults of the financial guarantor or the issuer. The Company is no longer insuring new CDS contracts except for transactions related to the restructuring of existing exposures. MBIA Corp. has not written any meaningful amount of business since 2008.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Segments Results </div></div></div></div> <ix:nonNumeric name="us-gaap:ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock" contextRef="P01_01_2020To03_31_2020" escape="true" continuedAt="TextSelection_12965968"><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following tables provide the Company&#8217;s segment results for the three months ended March&#160;31, 2020 and 2019: </div></div>
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<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="18" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Three Months Ended March&#160;31, 2020</div></div> </td>
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<td style="white-space: nowrap; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">U.S.&#160;Public<br/> Finance<br/> Insurance</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Corporate</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">International<br/> and&#160;Structured<br/> Finance<br/> Insurance</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Eliminations</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Consolidated</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Revenues<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(1)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:RevenueFromCustomers" contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_OperatingSegmentsMembersrtConsolidationItemsAxis_USPublicFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12965866">30</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:RevenueFromCustomers" contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_CorporateOperationsMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12965867">6</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:RevenueFromCustomers" contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_InternationalAndStructuredFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12965868">7</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:RevenueFromCustomers" contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_IntersegmentEliminationMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash" id="Fact_12965870">-</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:RevenueFromCustomers" contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12965869">43</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Net gains (losses) on financial instruments at fair value and foreign exchange</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_OperatingSegmentsMembersrtConsolidationItemsAxis_USPublicFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">18</ix:nonFraction>)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_CorporateOperationsMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">56</ix:nonFraction>)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_InternationalAndStructuredFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">11</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_IntersegmentEliminationMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">63</ix:nonFraction>)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Revenues of consolidated VIEs</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:RevenuesOfConsolidatedVies" contextRef="P01_01_2020To03_31_2020_OperatingSegmentsMembersrtConsolidationItemsAxis_USPublicFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:RevenuesOfConsolidatedVies" contextRef="P01_01_2020To03_31_2020_CorporateOperationsMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:RevenuesOfConsolidatedVies" contextRef="P01_01_2020To03_31_2020_InternationalAndStructuredFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">14</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:RevenuesOfConsolidatedVies" contextRef="P01_01_2020To03_31_2020_IntersegmentEliminationMembersrtConsolidationItemsAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:RevenuesOfConsolidatedVies" contextRef="P01_01_2020To03_31_2020_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">14</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Inter-segment revenues<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(2)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity" contextRef="P01_01_2020To03_31_2020_OperatingSegmentsMembersrtConsolidationItemsAxis_USPublicFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12965997">7</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity" contextRef="P01_01_2020To03_31_2020_CorporateOperationsMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12965998">18</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity" contextRef="P01_01_2020To03_31_2020_InternationalAndStructuredFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12965999">4</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="mbi:RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity" contextRef="P01_01_2020To03_31_2020_IntersegmentEliminationMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal" id="Fact_12966000">29</ix:nonFraction>)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity" contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash" id="Fact_12966005">-</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total revenues</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:Revenues" contextRef="P01_01_2020To03_31_2020_OperatingSegmentsMembersrtConsolidationItemsAxis_USPublicFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">19</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:Revenues" contextRef="P01_01_2020To03_31_2020_CorporateOperationsMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">32</ix:nonFraction>)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:Revenues" contextRef="P01_01_2020To03_31_2020_InternationalAndStructuredFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">36</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:Revenues" contextRef="P01_01_2020To03_31_2020_IntersegmentEliminationMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">29</ix:nonFraction>)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:Revenues" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">6</ix:nonFraction>)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Losses and loss adjustment</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:PolicyholderBenefitsAndClaimsIncurredNet" contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_OperatingSegmentsMembersrtConsolidationItemsAxis_USPublicFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">48</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:PolicyholderBenefitsAndClaimsIncurredNet" contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_CorporateOperationsMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:PolicyholderBenefitsAndClaimsIncurredNet" contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_InternationalAndStructuredFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">195</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:PolicyholderBenefitsAndClaimsIncurredNet" contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_IntersegmentEliminationMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:PolicyholderBenefitsAndClaimsIncurredNet" contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">243</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Operating</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:SellingGeneralAndAdministrativeExpense" contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_OperatingSegmentsMembersrtConsolidationItemsAxis_USPublicFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:SellingGeneralAndAdministrativeExpense" contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_CorporateOperationsMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">14</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:SellingGeneralAndAdministrativeExpense" contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_InternationalAndStructuredFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">4</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:SellingGeneralAndAdministrativeExpense" contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_IntersegmentEliminationMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:SellingGeneralAndAdministrativeExpense" contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">20</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Interest</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:InterestExpense" contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_OperatingSegmentsMembersrtConsolidationItemsAxis_USPublicFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:InterestExpense" contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_CorporateOperationsMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">16</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:InterestExpense" contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_InternationalAndStructuredFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">31</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:InterestExpense" contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_IntersegmentEliminationMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:InterestExpense" contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">47</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Expenses of consolidated VIEs</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:ExpensesOfConsolidatedVies" contextRef="P01_01_2020To03_31_2020_OperatingSegmentsMembersrtConsolidationItemsAxis_USPublicFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:ExpensesOfConsolidatedVies" contextRef="P01_01_2020To03_31_2020_CorporateOperationsMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:ExpensesOfConsolidatedVies" contextRef="P01_01_2020To03_31_2020_InternationalAndStructuredFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">17</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:ExpensesOfConsolidatedVies" contextRef="P01_01_2020To03_31_2020_IntersegmentEliminationMembersrtConsolidationItemsAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:ExpensesOfConsolidatedVies" contextRef="P01_01_2020To03_31_2020_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">17</ix:nonFraction> </div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Inter-segment expenses<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(2)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity" contextRef="P01_01_2020To03_31_2020_OperatingSegmentsMembersrtConsolidationItemsAxis_USPublicFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966001">14</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity" contextRef="P01_01_2020To03_31_2020_CorporateOperationsMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966004">6</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity" contextRef="P01_01_2020To03_31_2020_InternationalAndStructuredFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966002">9</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="mbi:ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity" contextRef="P01_01_2020To03_31_2020_IntersegmentEliminationMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal" id="Fact_12966003">29</ix:nonFraction>)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity" contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash" id="Fact_12966016">-</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total expenses</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:BenefitsLossesAndExpenses" contextRef="P01_01_2020To03_31_2020_OperatingSegmentsMembersrtConsolidationItemsAxis_USPublicFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">64</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:BenefitsLossesAndExpenses" contextRef="P01_01_2020To03_31_2020_CorporateOperationsMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">36</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:BenefitsLossesAndExpenses" contextRef="P01_01_2020To03_31_2020_InternationalAndStructuredFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">256</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:BenefitsLossesAndExpenses" contextRef="P01_01_2020To03_31_2020_IntersegmentEliminationMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">29</ix:nonFraction>)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:BenefitsLossesAndExpenses" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">327</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Income (loss) before income taxes</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" contextRef="P01_01_2020To03_31_2020_OperatingSegmentsMembersrtConsolidationItemsAxis_USPublicFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">45</ix:nonFraction>)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" contextRef="P01_01_2020To03_31_2020_IntersegmentEliminationMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">333</ix:nonFraction>)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td> </tr>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Identifiable assets</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:Assets" contextRef="PAsOn03_31_2020_IntersegmentEliminationMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal" id="Fact_12966385">2,286</ix:nonFraction>)</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"><div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(3)</div>&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:Assets" contextRef="PAsOn03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">6,632</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: center;"> <div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> </div>
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<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
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<td style="width: 3%; vertical-align: top; white-space: nowrap;">(2)&#160;-</td>
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<td style="width: 3%; vertical-align: top; white-space: nowrap;">(3)&#160;-</td>
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<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:55%;">&#160;</td>
<td style="width:6%;">&#160;</td>
<td>&#160;</td>
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<td>&#160;</td>
<td style="width:6%;">&#160;</td>
<td>&#160;</td>
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<td>&#160;</td>
<td style="width:6%;">&#160;</td>
<td>&#160;</td>
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<td>&#160;</td>
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<td>&#160;</td>
<td style="width:6%;">&#160;</td>
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<td>&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="18" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Three Months Ended March&#160;31, 2019</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="white-space: nowrap; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">U.S.&#160;Public<br/> Finance<br/> Insurance</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Corporate</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">International<br/> and&#160;Structured<br/> Finance<br/> Insurance</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Eliminations</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Consolidated</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Revenues<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(1)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:RevenueFromCustomers" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_OperatingSegmentsMembersrtConsolidationItemsAxis_USPublicFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12965880">38</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:RevenueFromCustomers" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_CorporateOperationsMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12965881">7</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:RevenueFromCustomers" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_InternationalAndStructuredFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12965882">10</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="text-align: right; width: 7%; padding: 0pt 4pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:RevenueFromCustomers" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_IntersegmentEliminationMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash" id="Fact_12965952">-</ix:nonFraction></div> </td>
<td style="padding-right: 3pt; margin-bottom: 0pt; margin-top: 0pt;">&#160;</td>
<td style="vertical-align:top;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;<div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:RevenueFromCustomers" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12965883">55</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Net change in fair value of insured derivatives</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 6%; height: 16px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:GainLossOnDerivativeInstrumentsNetPretax" contextRef="P01_01_2019To03_31_2019_OperatingSegmentsMembersrtConsolidationItemsAxis_USPublicFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 6%; height: 16px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:GainLossOnDerivativeInstrumentsNetPretax" contextRef="P01_01_2019To03_31_2019_CorporateOperationsMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:GainLossOnDerivativeInstrumentsNetPretax" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_InternationalAndStructuredFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">14</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 7%; padding: 0pt 4pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:GainLossOnDerivativeInstrumentsNetPretax" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_IntersegmentEliminationMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="padding-right: 3pt; margin-bottom: 0pt; margin-top: 0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:GainLossOnDerivativeInstrumentsNetPretax" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">14</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Net gains (losses) on financial instruments at fair value and foreign exchange</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_OperatingSegmentsMembersrtConsolidationItemsAxis_USPublicFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">40</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_CorporateOperationsMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">18</ix:nonFraction>)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 8%; height: 30px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_InternationalAndStructuredFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 7%; padding: 0pt 4pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_IntersegmentEliminationMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="padding-right: 3pt; margin-bottom: 0pt; margin-top: 0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">22</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Net investment losses related to other-than-temporary impairments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_OperatingSegmentsMembersrtConsolidationItemsAxis_USPublicFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">28</ix:nonFraction>)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 6%; height: 30px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet" contextRef="P01_01_2019To03_31_2019_CorporateOperationsMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 8%; height: 30px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet" contextRef="P01_01_2019To03_31_2019_InternationalAndStructuredFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 7%; padding: 0pt 4pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_IntersegmentEliminationMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="padding-right: 3pt; margin-bottom: 0pt; margin-top: 0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">28</ix:nonFraction>)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other net realized gains (losses)</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:OtherIncome" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_OperatingSegmentsMembersrtConsolidationItemsAxis_USPublicFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:OtherIncome" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_CorporateOperationsMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">1</ix:nonFraction>)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:OtherIncome" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_InternationalAndStructuredFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 7%; padding: 0pt 4pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:OtherIncome" contextRef="P01_01_2019To03_31_2019_IntersegmentEliminationMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="padding-right: 3pt; margin-bottom: 0pt; margin-top: 0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:OtherIncome" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Revenues of consolidated VIEs</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="mbi:RevenuesOfConsolidatedVies" contextRef="P01_01_2019To03_31_2019_OperatingSegmentsMembersrtConsolidationItemsAxis_USPublicFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">14</ix:nonFraction>)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 6%; height: 16px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:RevenuesOfConsolidatedVies" contextRef="P01_01_2019To03_31_2019_CorporateOperationsMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 8%; height: 16px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:RevenuesOfConsolidatedVies" contextRef="P01_01_2019To03_31_2019_InternationalAndStructuredFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 7%; padding: 0pt 4pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:RevenuesOfConsolidatedVies" contextRef="P01_01_2019To03_31_2019_IntersegmentEliminationMembersrtConsolidationItemsAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="padding-right: 3pt; margin-bottom: 0pt; margin-top: 0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="mbi:RevenuesOfConsolidatedVies" contextRef="P01_01_2019To03_31_2019_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">14</ix:nonFraction>)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Inter-segment revenues<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(2)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity" contextRef="P01_01_2019To03_31_2019_OperatingSegmentsMembersrtConsolidationItemsAxis_USPublicFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966039">7</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity" contextRef="P01_01_2019To03_31_2019_CorporateOperationsMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966040">19</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity" contextRef="P01_01_2019To03_31_2019_InternationalAndStructuredFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966041">3</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="mbi:RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity" contextRef="P01_01_2019To03_31_2019_IntersegmentEliminationMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal" id="Fact_12966042">29</ix:nonFraction>)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 8%; height: 16px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash" id="Fact_12966401">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total revenues</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:Revenues" contextRef="P01_01_2019To03_31_2019_OperatingSegmentsMembersrtConsolidationItemsAxis_USPublicFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">44</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:Revenues" contextRef="P01_01_2019To03_31_2019_CorporateOperationsMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">7</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:Revenues" contextRef="P01_01_2019To03_31_2019_InternationalAndStructuredFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">28</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:Revenues" contextRef="P01_01_2019To03_31_2019_IntersegmentEliminationMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">29</ix:nonFraction>)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:Revenues" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">50</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Losses and loss adjustment</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:PolicyholderBenefitsAndClaimsIncurredNet" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_OperatingSegmentsMembersrtConsolidationItemsAxis_USPublicFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">50</ix:nonFraction>)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 6%; height: 16px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:PolicyholderBenefitsAndClaimsIncurredNet" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_CorporateOperationsMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:PolicyholderBenefitsAndClaimsIncurredNet" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_InternationalAndStructuredFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">12</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 7%; height: 16px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:PolicyholderBenefitsAndClaimsIncurredNet" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_IntersegmentEliminationMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:PolicyholderBenefitsAndClaimsIncurredNet" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">38</ix:nonFraction>)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Operating</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:SellingGeneralAndAdministrativeExpense" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_OperatingSegmentsMembersrtConsolidationItemsAxis_USPublicFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">2</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:SellingGeneralAndAdministrativeExpense" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_CorporateOperationsMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">22</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:SellingGeneralAndAdministrativeExpense" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_InternationalAndStructuredFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">6</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 7%; height: 16px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:SellingGeneralAndAdministrativeExpense" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_IntersegmentEliminationMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:SellingGeneralAndAdministrativeExpense" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">30</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Interest</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 6%; height: 16px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:InterestExpense" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_OperatingSegmentsMembersrtConsolidationItemsAxis_USPublicFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:InterestExpense" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_CorporateOperationsMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">19</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:InterestExpense" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_InternationalAndStructuredFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">33</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 7%; height: 16px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:InterestExpense" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_IntersegmentEliminationMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:InterestExpense" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">52</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Expenses of consolidated VIEs</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 6%; height: 16px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:ExpensesOfConsolidatedVies" contextRef="P01_01_2019To03_31_2019_OperatingSegmentsMembersrtConsolidationItemsAxis_USPublicFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 5%; height: 16px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:ExpensesOfConsolidatedVies" contextRef="P01_01_2019To03_31_2019_CorporateOperationsMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:ExpensesOfConsolidatedVies" contextRef="P01_01_2019To03_31_2019_InternationalAndStructuredFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">25</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 7%; height: 16px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:ExpensesOfConsolidatedVies" contextRef="P01_01_2019To03_31_2019_IntersegmentEliminationMembersrtConsolidationItemsAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:ExpensesOfConsolidatedVies" contextRef="P01_01_2019To03_31_2019_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">25</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Inter-segment expenses<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(2)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity" contextRef="P01_01_2019To03_31_2019_OperatingSegmentsMembersrtConsolidationItemsAxis_USPublicFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966043">15</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity" contextRef="P01_01_2019To03_31_2019_CorporateOperationsMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966046">6</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity" contextRef="P01_01_2019To03_31_2019_InternationalAndStructuredFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal" id="Fact_12966044">8</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="mbi:ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity" contextRef="P01_01_2019To03_31_2019_IntersegmentEliminationMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal" id="Fact_12966045">29</ix:nonFraction>)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 8%; height: 16px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="mbi:ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity" contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash" id="Fact_12966410">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total expenses</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:BenefitsLossesAndExpenses" contextRef="P01_01_2019To03_31_2019_OperatingSegmentsMembersrtConsolidationItemsAxis_USPublicFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">33</ix:nonFraction>)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:BenefitsLossesAndExpenses" contextRef="P01_01_2019To03_31_2019_CorporateOperationsMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">47</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:BenefitsLossesAndExpenses" contextRef="P01_01_2019To03_31_2019_InternationalAndStructuredFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">84</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:BenefitsLossesAndExpenses" contextRef="P01_01_2019To03_31_2019_IntersegmentEliminationMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">29</ix:nonFraction>)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:BenefitsLossesAndExpenses" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">69</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Income (loss) before income taxes</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" contextRef="P01_01_2019To03_31_2019_OperatingSegmentsMembersrtConsolidationItemsAxis_USPublicFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">77</ix:nonFraction>&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" contextRef="P01_01_2019To03_31_2019_CorporateOperationsMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">40</ix:nonFraction>)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" contextRef="P01_01_2019To03_31_2019_InternationalAndStructuredFinanceInsuranceMemberusgaapStatementBusinessSegmentsAxis_OperatingSegmentsMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">56</ix:nonFraction>)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="text-align: right; width: 7%; height: 16px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" contextRef="P01_01_2019To03_31_2019_IntersegmentEliminationMembersrtConsolidationItemsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">19</ix:nonFraction>)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);">&#160;</td>
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<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: center;"> <div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> </div>
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<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Represents the sum of third-party financial guarantee net premiums earned, net investment income, insurance-related fees and reimbursements and other fees.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;">
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<td style="width: 3%; vertical-align: top; white-space: nowrap;">(2)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Represents intercompany premium income and expense and intercompany interest income and expense pertaining to intercompany receivables and payables.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> </ix:continuation></ix:continuation><ix:nonNumeric name="us-gaap:EarningsPerShareTextBlock" contextRef="P01_01_2020To03_31_2020" escape="true" continuedAt="TextSelection_12965941"><div id="toc893688_19" style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 11: Earnings Per Share </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">Earnings per share is calculated using the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">two-class</div> method in which earnings are allocated to common stock and participating securities based on their rights to receive nonforfeitable dividends or dividend equivalents. 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<td style="width: 78%; font-family: Arial; padding: 0px;"></td>
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<td style="white-space: nowrap; font-family: Arial;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
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<td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="7" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Three&#160;Months&#160;Ended&#160;March&#160;31, </div></div></div> </td> </tr>
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<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions except per share amounts </div></div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;2020&#160;&#160;&#160;&#160;</div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;2019&#160;&#160;&#160;&#160;</div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Basic earnings per share: </div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net income (loss) available to common shareholders </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">333</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">21</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Basic weighted average shares<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (1)</div></div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:WeightedAverageNumberOfSharesOutstandingBasic" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_shares" decimals="-5" scale="6" format="ixt:numdotdecimal" id="Fact_12965892">72.1</ix:nonFraction> </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:WeightedAverageNumberOfSharesOutstandingBasic" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_shares" decimals="-5" scale="6" format="ixt:numdotdecimal" id="Fact_12965886">85.6</ix:nonFraction> </div></div> </td>
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<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net income (loss) per basic common share </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:EarningsPerShareBasic" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD_per_Share" decimals="2" scale="0" sign="-" format="ixt:numdotdecimal">4.62</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:EarningsPerShareBasic" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD_per_Share" decimals="2" scale="0" sign="-" format="ixt:numdotdecimal">0.24</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
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<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Diluted earnings per share: </div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net income (loss) available to common shareholders </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:NetIncomeLossAvailableToCommonStockholdersDiluted" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">333</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:NetIncomeLossAvailableToCommonStockholdersDiluted" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">21</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Diluted weighted average shares<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (1)</div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_shares" decimals="-5" scale="6" format="ixt:numdotdecimal" id="Fact_12965893">72.1</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_shares" decimals="-5" scale="6" format="ixt:numdotdecimal" id="Fact_12965888">85.6</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net income (loss) per diluted common share </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:EarningsPerShareDiluted" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD_per_Share" decimals="2" scale="0" sign="-" format="ixt:numdotdecimal">4.62</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:EarningsPerShareDiluted" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_USD_per_Share" decimals="2" scale="0" sign="-" format="ixt:numdotdecimal">0.24</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Potentially dilutive securities excluded from the calculation of diluted EPS because of antidilutive affect </div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:WeightedAverageNumberDilutedSharesOutstandingAdjustment" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_shares" decimals="-5" scale="6" format="ixt:numdotdecimal">4.9</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:WeightedAverageNumberDilutedSharesOutstandingAdjustment" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_shares" decimals="-5" scale="6" format="ixt:numdotdecimal">4.5</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: center;"> <div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> </div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Includes <ix:nonFraction name="us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" contextRef="P01_01_2019To03_31_2019" unitRef="Unit_shares" decimals="-5" scale="6" format="ixt:numdotdecimal"><ix:nonFraction name="us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_shares" decimals="-5" scale="6" format="ixt:numdotdecimal">0.9</ix:nonFraction></ix:nonFraction>&#160;million of participating securities that met the service condition and were eligible to receive nonforfeitable dividends or dividend equivalents for each of the three months ended March&#160;31, 2020 and 2019, respectively.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div></ix:nonNumeric></ix:continuation><ix:nonNumeric name="us-gaap:ComprehensiveIncomeNoteTextBlock" contextRef="P01_01_2020To03_31_2020" escape="true"><div id="toc893688_20" style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 12: Accumulated Other Comprehensive Income </div></div></div> <ix:nonNumeric name="us-gaap:ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock" contextRef="P01_01_2020To03_31_2020" escape="true"><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents the changes in the components of AOCI for the three months ended March&#160;31, 2020: </div></div>
<table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:61%;">&#160;</td>
<td style="width:7%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:7%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:7%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:7%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unrealized<br/> Gains&#160;(Losses)<br/> on AFS<br/> Securities, Net</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Foreign<br/> Currency<br/> Translation,<br/> Net</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Instrument-Specific </div><br/> Credit Risk of<br/> Liabilities<br/> Measured at Fair<br/> Value, Net</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Total</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Balance, December&#160;31, 2019</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax" contextRef="PAsOn12_31_2019_AccumulatedNetUnrealizedInvestmentGainLossMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">112</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax" contextRef="PAsOn12_31_2019_AccumulatedTranslationAdjustmentMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">7</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax" contextRef="PAsOn12_31_2019_AccumulatedGainLossFinancialLiabilityFairValueOptionAttributableToParentMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">107</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax" contextRef="PAsOn12_31_2019" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">2</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other comprehensive income (loss) before reclassifications</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax" contextRef="P01_01_2020To03_31_2020_AccumulatedNetUnrealizedInvestmentGainLossMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">48</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax" contextRef="P01_01_2020To03_31_2020_AccumulatedTranslationAdjustmentMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax" contextRef="P01_01_2020To03_31_2020_AccumulatedGainLossFinancialLiabilityFairValueOptionAttributableToParentMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">46</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">94</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Amounts reclassified from AOCI</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" contextRef="P01_01_2020To03_31_2020_AccumulatedNetUnrealizedInvestmentGainLossMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">3</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" contextRef="P01_01_2020To03_31_2020_AccumulatedTranslationAdjustmentMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" contextRef="P01_01_2020To03_31_2020_AccumulatedGainLossFinancialLiabilityFairValueOptionAttributableToParentMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">2</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Net period other comprehensive income (loss)</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent" contextRef="P01_01_2020To03_31_2020_AccumulatedNetUnrealizedInvestmentGainLossMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">45</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent" contextRef="P01_01_2020To03_31_2020_AccumulatedTranslationAdjustmentMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent" contextRef="P01_01_2020To03_31_2020_AccumulatedGainLossFinancialLiabilityFairValueOptionAttributableToParentMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">48</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent" contextRef="P01_01_2020To03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">93</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Balance, March&#160;31, 2020</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax" contextRef="PAsOn03_31_2020_AccumulatedNetUnrealizedInvestmentGainLossMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">157</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax" contextRef="PAsOn03_31_2020_AccumulatedTranslationAdjustmentMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">7</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(<ix:nonFraction name="us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax" contextRef="PAsOn03_31_2020_AccumulatedGainLossFinancialLiabilityFairValueOptionAttributableToParentMemberusgaapStatementEquityComponentsAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">59</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><ix:nonFraction name="us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax" contextRef="PAsOn03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">91</ix:nonFraction></div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div></ix:nonNumeric><ix:nonNumeric name="us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock" contextRef="P01_01_2020To03_31_2020" escape="true"><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents the details of the reclassifications from AOCI for the three months ended March&#160;31, 2020 and 2019: </div></div>
<table border="0" cellpadding="0" cellspacing="0" style="margin: 12pt auto 0px; width: 100%; font-size: 10pt; border-collapse: separate; border-spacing: 0;">
<tr style="font-size: 0px;">
<td style="width: 38%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 7%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 7%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 7%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 37%; font-family: Arial; padding: 0px;">&#160;</td> </tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions </div></div></div> </td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="6" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Amounts&#160;Reclassified from&#160;AOCI </div></div></div> </td>
<td style="font-family: Arial;">&#160;</td>
<td style="font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td colspan="6" style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Three&#160;Months&#160;Ended&#160;March&#160;31, </div></div></div> </td>
<td style="padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td style="padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td> </tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Details&#160;about&#160;AOCI&#160;Components </div></div></div> </td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2020 </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2019 </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Affected Line Item on the Consolidated </div></div></div> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Statements of Operations </div></div></div> </td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Unrealized gains (losses) on AFS securities: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt;"> <div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Realized gains (losses) on sale of securities </div></div> </td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" contextRef="P01_01_2020To03_31_2020_AccumulatedNetUnrealizedInvestmentGainLossMemberusgaapStatementEquityComponentsAxis_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberusgaapReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">3</ix:nonFraction>&#160;</div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" contextRef="P01_01_2019To03_31_2019_AccumulatedNetUnrealizedInvestmentGainLossMemberusgaapStatementEquityComponentsAxis_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberusgaapReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">39</ix:nonFraction>&#160;</div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net gains (losses) on financial instruments at fair value and foreign exchange </div></div> </td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">Credit losses</div> </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities" contextRef="P01_01_2020To03_31_2020_AccumulatedNetUnrealizedInvestmentGainLossMemberusgaapStatementEquityComponentsAxis_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberusgaapReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:zerodash">-</ix:nonFraction>&#160;</div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="us-gaap:OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities" contextRef="P01_01_2019To03_31_2019_AccumulatedNetUnrealizedInvestmentGainLossMemberusgaapStatementEquityComponentsAxis_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberusgaapReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">28</ix:nonFraction>) </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net investment losses related to OTTI </div></div> </td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total unrealized gains (losses) on AFS securities </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" contextRef="P01_01_2020To03_31_2020_AccumulatedNetUnrealizedInvestmentGainLossMemberusgaapStatementEquityComponentsAxis_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberusgaapReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">3</ix:nonFraction>&#160;</div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" contextRef="P01_01_2019To03_31_2019_AccumulatedNetUnrealizedInvestmentGainLossMemberusgaapStatementEquityComponentsAxis_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberusgaapReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">11</ix:nonFraction>&#160;</div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt;"> <div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Instrument-specific credit risk of liabilities: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt;"> <div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Settlement of liabilities </div></div> </td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" contextRef="P01_01_2020To03_31_2020_AccumulatedGainLossFinancialLiabilityFairValueOptionAttributableToParentMemberusgaapStatementEquityComponentsAxis_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberusgaapReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">2</ix:nonFraction>) </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(<ix:nonFraction name="mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" contextRef="P01_01_2019To03_31_2019_AccumulatedGainLossFinancialLiabilityFairValueOptionAttributableToParentMemberusgaapStatementEquityComponentsAxis_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberusgaapReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis" unitRef="Unit_USD" decimals="-6" scale="6" sign="-" format="ixt:numdotdecimal">4</ix:nonFraction>) </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net gains (losses) on financial instruments at fair value and foreign exchange </div></div> </td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total reclassifications for the period </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:NetIncomeLoss" contextRef="P01_01_2020To03_31_2020_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberusgaapReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">1</ix:nonFraction>&#160;</div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:NetIncomeLoss" contextRef="P01_01_2019To03_31_2019_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberusgaapReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">7</ix:nonFraction>&#160;</div></div> </td>
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<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div></ix:nonNumeric></ix:nonNumeric> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">45</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Inc. and Subsidiaries</div> </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Notes to Consolidated Financial Statements (Unaudited) </div></div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <ix:nonNumeric name="us-gaap:CommitmentsAndContingenciesDisclosureTextBlock" contextRef="P01_01_2020To03_31_2020" escape="true" continuedAt="TextSelection_12965930"><div id="toc893688_21" style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 13: Commitments and Contingencies </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The following commitments and contingencies provide an update of those discussed in &#8220;Note 19: Commitments and Contingencies&#8221; in the Notes to Consolidated Financial Statements included in the Company&#8217;s Annual Report on Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">10-K</div> for the year ended December&#160;31, 2019, and should be read in conjunction with the complete descriptions provided in the aforementioned Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">10-K. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Litigation </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">MBIA Insurance Corp. v. Credit Suisse Securities (USA) LLC, et al.</div></div>; Index No.&#160;603751/2009 (N.Y. Sup. Ct., N.Y. County)</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On September&#160;13, 2018, the Appellate Division of the Supreme Court, First Judicial Department issued a ruling on the parties&#8217; cross-appeals from the court&#8217;s March&#160;31, 2017 decision and order on the parties&#8217; summary judgment motions. The ruling affirmed the trial court&#8217;s decision, except reversed as to the trial court&#8217;s determination to interpret as a matter of law, prior to trial, certain of the representations and warranties that form the predicate for certain of MBIA Corp.&#8217;s breach of contract claims. Trial of the case concluded on August&#160;2, 2019. Post-trial briefs have been submitted, and the case is under submission. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Tilton v. MBIA Inc., et al.; </div></div>No. <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">7:19-cv-09733-WHP</div> (S.D.N.Y.)</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On November&#160;2, 2015, Lynn Tilton and Patriarch Partners XV, LLC filed a complaint in New York State Supreme Court, Westchester County, against MBIA Inc. and MBIA Corp., alleging fraudulent inducement and related claims arising from purported promises made in connection with insurance policies issued by MBIA Corp. on certain collateralized loan obligations managed by Ms.&#160;Tilton and affiliated Patriarch entities, and seeking damages. Plaintiffs filed an amended complaint on January&#160;15, 2016.&#160;On October&#160;21, 2019, the Company removed the case to the United States District Court for the Southern District. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;">Tilton et al. v. MBIA Inc., et al., Adversary Case No.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">&#160;19-50390</div> (KBO)&#160;(Bankr. Del.) </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On October&#160;1, 2019, Lynn Tilton and certain affiliated entities commenced an adversary proceeding in the Zohar Funds Bankruptcy Cases against MBIA Inc., MBIA Corp. and other Zohar Fund creditors seeking the equitable subordination of those creditors&#8217; claims with respect to the Zohar Funds. Plaintiffs claim they are entitled to relief due to inequitable and unfair conduct by defendants. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Motion of Assured Guaranty Corp., Assured Guaranty Municipal Corp., and National Public Finance Guarantee Corporation for Adequate Protection or, in the Alternative, for Relief from the Automatic Stay</div></div>, Case No.&#160;17 BK <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">3567-LTS </div> (D.P.R. August&#160;23, 2019) (Swain, J.)</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On January&#160;16, 2020, National, Ambac and Assured (&#8220;Movants&#8221;) filed a renewed motion in the PRHTA Title III case for relief from the automatic stay or, in the alternative, adequate protection. The motion seeks leave to file a complaint in Puerto Rico, and argues that the revenues securing the bonds insured by Movants are being improperly diverted away from PRHTA, despite such revenues being the exclusive property of PRHTA and its bondholders. Movants argue that the bonds are secured by two categories of collateral: (i)&#160;Toll Revenues, and (ii)&#160;Excise Taxes collected on behalf of HTA and bondholders by the Commonwealth, which are subject to both perfected security interests. Movants explain that, although PROMESA expressly preserves liens, the Commonwealth improperly diverted HTA&#8217;s pledged revenues and commingled HTA&#8217;s funds with those of the Commonwealth. In addition, the Commonwealth has asserted an outright ownership interest in the Excise Taxes, which Movants argue the Commonwealth is required to hold in trust for HTA and its bondholders. Movants assert that these actions have caused a permanent loss of collateral and threaten Movants&#8217; interest in its remaining collateral. The preliminary lift stay hearing date is currently scheduled for June 4, 2020. </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">The Financial Oversight and Management Board for Puerto Rico, as representative of The Puerto Rico Electric Power Authority, et al.</div></div>, Case No.&#160;17 BK <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">4780-LTS</div> (D.P.R. July&#160;19, 2017) (Swain, J.)</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On July&#160;18, 2017, National, together with other PREPA bondholders, asked the court overseeing PREPA&#8217;s Title III bankruptcy proceeding to lift the automatic bankruptcy stay, and permit bondholders to seek appointment of a receiver to oversee PREPA. On September&#160;14, 2017, the court held that PROMESA barred relief from the stay. The bondholders appealed the decision to the First Circuit. On August&#160;8, 2018, the First Circuit issued an order reversing Judge Swain&#8217;s decision on jurisdictional grounds and remanding the motion. On October&#160;3, 2018, National, together with other monolines filed an updated motion for relief from the automatic stay to allow Movants to exercise their statutory right to have a receiver appointed at PREPA. The Oversight Board filed a motion to dismiss the receiver motion. The motions have been stayed until five business days following the ruling on the PREPA 9019 Settlement Motion. The PREPA 9019 Settlement Motion has been adjourned until further order of the Court. </div></div></ix:nonNumeric> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">46</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"></div> </div> </div> <div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Inc. and Subsidiaries</div> </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Notes to Consolidated Financial Statements (Unaudited) </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 13: Commitments and Contingencies (continued) </div></div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <ix:continuation id="TextSelection_12965930" continuedAt="TextSelectionAppend_12965930_1"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Definitive Restructuring Support Agreement for PREPA </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On May&#160;3, 2019, PREPA, the Oversight Board, the Puerto Rico Fiscal Agency and Financial Advisory Authority (&#8220;AAFAF&#8221;), the Ad Hoc Group of PREPA bondholders (the &#8220;Ad Hoc Group&#8221;), and Assured Guaranty Corp. and Assured Guaranty Municipal Corp. (&#8220;Assured&#8221;) (together, the &#8220;RSA Parties&#8221;) entered into the RSA. On September&#160;9, 2019 National, Syncora Guarantee Inc. (&#8220;Syncora&#8221;), and the RSA Parties agreed on an amendment to the RSA pursuant to which National and Syncora joined the RSA. The RSA includes the agreement for resolving PREPA&#8217;s restructuring plan issues and arrangements. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Pursuant to the RSA, the Oversight Board filed a Rule 9019 motion with the Title III court in May of 2019 seeking approval of the RSA (the &#8220;Settlement Motion&#8221;). The RSA requires, upon entry of the order approving the Settlement Motion (the &#8220;9019 Order&#8221;), that Movants will withdraw the Receiver Motion, and the Ad Hoc Group will support such withdrawal. As contemplated by the RSA, on July&#160;1, 2019, the Oversight Board and AAFAF also filed an adversary complaint against the Trustee for the PREPA Bonds, challenging the validity of the liens arising under the Trust Agreement that secure insured obligations of National. The adversary proceeding is stayed until the earlier of (a) 60 days after the Court denies the Settlement Motion, (b)&#160;consummation of a Plan, (c) 60 days after the filing by the Oversight Board and AAFAF of a Litigation Notice, or (d)&#160;further order of the Court. The hearing for the Settlement Motion has been adjourned until further order of the Court. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Cortland Capital Market Services LLC, et al. v. The Financial Oversight and Management Board for Puerto Rico et, al.,</div></div> Case No.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">&#160;19-00396</div> (D.P.R. July&#160;9, 2019) (Swain, J.)</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On July&#160;9, 2019, the &#8220;Fuel Line Lenders,&#8221; parties who extended approximately $<ix:nonFraction name="mbi:PrepaWorkingCapital" contextRef="P01_01_2020To03_31_2020_FuelLineLendersMembersrtConsolidatedEntitiesAxis" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">700</ix:nonFraction>&#160;million to PREPA beginning in 2012 to fund fuel purchases, filed an adversary complaint against the Oversight Board, PREPA, AAFAF, and the Trustee for the PREPA Bonds, alleging that they are entitled to be paid in full before National and other bondholders have any lien on or recourse to PREPA&#8217;s assets, including pursuant to the RSA. On September&#160;30, 2019, the Fuel Line Lenders filed an amended complaint which added National, Assured, Syncora, and the Ad Hoc Group as defendants. Defendants moved to dismiss the Fuel Line Lenders&#8217; adversary complaint on November&#160;11, 2019. The Fuel Line Lenders filed their opposition to the motion to dismiss on December&#160;5, 2019. Defendants&#8217; reply in support of the motion to dismiss was filed February&#160;3, 2020. The hearing on the motion to dismiss was adjourned until the Court determines when the 9019 Settlement Motion and related litigation will recommence. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">The Financial Oversight and Management Board for Puerto Rico, as Representative of the Commonwealth of Puerto Rico, et al. v. the Puerto Rico Public Buildings Authority</div></div>, Case No.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">&#160;18-00149</div> (D.P.R. December&#160;21, 2018) (Swain, J.)</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On December&#160;21, 2018, the Oversight Board and the Official Committee of Unsecured Creditors of all Debtors other than COFINA filed an adversary complaint against the Puerto Rico Public Buildings Authority (&#8220;PBA&#8221;), seeking a declaration that leases purportedly entered into by PBA are in fact disguised financing transactions and that PBA therefore has no right under PROMESA or the Bankruptcy Code to receive post-petition payments from the Title III debtors or administrative claims against the debtors. On January&#160;28, 2019, National filed a motion to intervene in the proceeding. On March&#160;12, 2019, the Court granted National&#8217;s intervention motion. On March&#160;19, 2019, National filed an answer to the complaint. On September&#160;27, 2019, the Oversight Board filed a voluntary petition for relief for PBA pursuant to PROMESA, commencing a case under Title III. The complaint has been stayed indefinitely by order of the Court. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">The Financial Oversight and Management Board for Puerto Rico, as Representative of the Commonwealth of Puerto Rico, et al. v. National Public Finance Guarantee Corporation, et al</div></div>., Case No.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">&#160;19-00291</div> (D.P.R. May&#160;2, 2019) (Swain, J.)</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On May&#160;2, 2019, the Oversight Board and the Official Committee of Unsecured Creditors of all Title III Debtors (other than COFINA) (the &#8220;Committee&#8221;) filed lien avoidance adversary complaints against several hundred defendants, including National, challenging the existence, extent, and enforceability of GO bondholders&#8217; liens. After an approximately five-month stay of litigation entered by the Court on July&#160;24, 2019, these adversary proceedings resumed pursuant to an interim schedule entered by the Court in December 2019. On February&#160;5, 2020, National and Assured Guaranty Municipal Corp. filed a motion to dismiss the adversary proceeding. The motion has been stayed indefinitely by order of the Court. </div></div> </ix:continuation> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">47</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Inc. and Subsidiaries</div> </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Notes to Consolidated Financial Statements (Unaudited) </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 13: Commitments and Contingencies (continued) </div></div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <ix:continuation id="TextSelectionAppend_12965930_1"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">National Public Finance Guarantee Corporation et al. v. UBS Financial Services, Inc. et al., </div></div>No. <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">19-422-LTS</div> (D.P.R.), removed from No. SJ2019CV07932 (Superior Court San Juan)</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On August&#160;8, 2019, National and MBIA Corp. filed suit in the Court of First Instance in San Juan, Puerto Rico against UBS Financial Services, Inc., UBS Securities LLC, Citigroup Global Markets Inc., Goldman Sachs&#160;&amp; Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley&#160;&amp; Co. LLC, Merrill Lynch, Fenner&#160;&amp; Smith Inc., RBC Capital Markets LLC, and Santander Securities LLC, bringing two claims under Puerto Rico law: doctrina de actos propios (the doctrine of one&#8217;s own acts) and unilateral declaration of will. These claims concern the insurance by National of bonds issued by the Commonwealth of Puerto Rico and its instrumentalities that were underwritten by these defendants. National alleges that, when the defendants solicited bond insurance, they represented through their acts that they would investigate certain information they provided to National and that they had a reasonable basis to believe that information was true and complete. National further alleges that the defendants did not perform such investigations and that key information was untrue or incomplete. National seeks damages to be proven at trial. On September&#160;9, 2019, Defendants removed National&#8217;s claims to federal court in the District of Puerto Rico. National filed its motion to remand the case on October&#160;9, 2019. The court has not requested a hearing, and the motion is pending. </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Complaint Objecting to Defendants&#8217; Claims and Seeking Related Relief, </div></div>Case No. <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">17-03283-LTS</div> (D.P.R. January&#160;16, 2020) (Swain J.)</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On January&#160;16, 2020, the Oversight Board filed an adversary complaint against National, Ambac, Assured Guaranty, Assured Guaranty Municipal Corp., Financial Guaranty Insurance Company, Peaje Investments LLC and the Bank of New York Mellon as fiscal agent. The Oversight Board challenges the claims and validity of the liens asserted against the Commonwealth by holders of HTA bonds. The complaint contains 201 counts against the bondholder parties objecting to proofs of claim and security interests asserted regarding the Commonwealth&#8217;s retention of certain revenues previously assigned to HTA. This matter is currently stayed but the Court permitted the Oversight Board to file certain limited cross motions on April&#160;28, 2020. </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Complaint Objecting to Defendants&#8217; Claims and Seeking Related Relief, </div></div>Case No. <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">20-00007-LTS</div> (January 16, 2020) (Swain J.)</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On January&#160;16, 2020, the Oversight Board and the Creditors Committee filed an adversary complaint against National and other defendants challenging the claims and validity of the liens asserted against HTA by holders and insurers of HTA bonds. 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<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Balance&#160;Sheet&#160;Location </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
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<td style="padding: 0px; vertical-align: top;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Right-of-use</div> asset</div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:OperatingLeaseRightOfUseAsset" contextRef="PAsOn03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">21</ix:nonFraction> </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other&#160;assets </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Lease liability </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:OperatingLeaseLiabilityNoncurrent" contextRef="PAsOn03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">21</ix:nonFraction> </div></div> </td>
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<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Weighted average remaining lease term (years) </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonNumeric name="us-gaap:OperatingLeaseWeightedAverageRemainingLeaseTerm1" contextRef="PAsOn03_31_2020" format="ixt-sec:duryear">8.3</ix:nonNumeric> </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Discount rate used for operating leases </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:OperatingLeaseWeightedAverageDiscountRatePercent" contextRef="PAsOn03_31_2020" unitRef="Unit_pure" decimals="3" scale="-2" format="ixt:numdotdecimal">7.5</ix:nonFraction></div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">%</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total future minimum lease payments </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><ix:nonFraction name="us-gaap:OperatingLeasesFutureMinimumPaymentsDue" contextRef="PAsOn03_31_2020" unitRef="Unit_USD" decimals="-6" scale="6" format="ixt:numdotdecimal">31</ix:nonFraction> </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div></ix:nonNumeric></ix:continuation> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">48</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"></div> </div> </div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div id="toc893688_22" style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Item&#160;2. Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;">The following discussion and analysis of financial condition and results of operations of MBIA Inc. should be read in conjunction with our Annual Report on Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">10-K</div> for the year ended December&#160;31, 2019 and the consolidated financial statements and notes thereto included in this Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">10-Q.</div> In addition, this discussion and analysis of financial condition and results of operations includes statements of the opinion of MBIA Inc.&#8217;s management which may be forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical earnings and those presently anticipated or projected. Refer to &#8220;Risk Factors&#8221; in Part II, Item 1A and &#8220;Forward-Looking Statements&#8221; and &#8220;Risk Factors&#8221; in Part I, Item 1A of MBIA Inc.&#8217;s Annual Report on Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">10-K</div> for the year ended December&#160;31, 2019 for a further discussion of risks and uncertainties. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">INTRODUCTION </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Inc., together with its consolidated subsidiaries, (collectively, &#8220;MBIA&#8221;, the &#8220;Company&#8221;, &#8220;we&#8221;, &#8220;us&#8221;, or &#8220;our&#8221;) operates within the financial guarantee insurance industry. MBIA manages its business within three operating segments: 1) United States (&#8220;U.S.&#8221;) public finance insurance; 2) corporate; and 3) international and structured finance insurance. Our U.S. public finance insurance portfolio is managed through National Public Finance Guarantee Corporation (&#8220;National&#8221;), our corporate segment is managed through MBIA Inc. and several of its subsidiaries, including our service company, MBIA Services Corporation (&#8220;MBIA Services&#8221;) and our international and structured finance insurance business is primarily managed through MBIA Insurance Corporation and its subsidiaries (&#8220;MBIA Corp.&#8221;). </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">National&#8217;s primary objectives are to maximize the performance of its existing insured portfolio through effective surveillance and remediation activity and effectively manage its investment portfolio. Our corporate segment consists of general corporate activities, including providing support services to MBIA&#8217;s operating subsidiaries and asset and capital management. MBIA Corp.&#8217;s primary objectives are to satisfy all claims by its policyholders and to maximize future recoveries, if any, for its senior lending and surplus note holders, and then its preferred stock holders. MBIA Corp. is executing this strategy by, among other things, pursuing various actions focused on maximizing the collection of recoveries and reducing and mitigating potential losses on its insurance exposures. We do not expect National or MBIA Corp. to write significant new business. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">EXECUTIVE OVERVIEW </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19 </div> </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The outbreak of the novel coronavirus <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19</div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">(&#8220;COVID-19&#8221;),</div> a respiratory disease caused by a new strain of coronavirus, was declared a pandemic by the World Health Organization in March of 2020 and has spread globally. The pandemic has affected a wide range of economic activities, domestic and global business and financial markets. The outbreak and its attendant governmental policy and social responses are evolving rapidly. Many states and municipalities have enacted various quarantining and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">&#8220;shelter-in-place&#8221;</div> regulations which severely limit economic activity and travel. The Company&#8217;s employees have been working remotely since early March as the Company successfully implemented its business continuity plans. We continue to perform all of our traditional operations, including surveilling and, as necessary, remediating, the credits in our insured portfolios.</div> <div style="text-align: left; text-indent: 0%; font-family: Arial; font-size: 10pt; text-decoration: none; margin-top: 18pt; margin-bottom: 0px; margin-left: 0%;"><div style="text-decoration:underline;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Insured portfolios </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">At this time it is not possible to comprehensively quantify the financial impact of the pandemic on our operating insurance companies&#8217; overall insured portfolios, or to account for the impact of the outbreak on most of the specific credits within those portfolios, due to, in part, challenges in determining whether and to what extent the underlying credits will be able or willing to continue to meet their debt service obligations or avoid long term impairment in this environment. Adverse impacts on macroeconomic factors resulting from the spread of <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19,</div> including without limitation reduced economic activity and certainty, increased unemployment, increased loan defaults or delinquencies, and increased stress on municipal budgets, including due to reduced tax revenues and the ability to raise taxes or limit spending, could materially and adversely affect the performance of our insured portfolios. The impact of the pandemic on National&#8217;s financial guarantee credits is likely to vary based on the nature of the taxes, fees and revenues pledged to debt repayment and their sensitivity to the related slowdown in economic activity. Several of the credits within National&#8217;s insured portfolio have made public pronouncements that the pandemic has had an impact on their economic status, without yet providing any specific quantification of the impact. The duration of the pandemic, the availability of federal aid to state and local governments, and the breadth and speed of economic recovery may all contribute to the ultimate degree and length of the economic stress incurred by the credits in National&#8217;s and MBIA Corp.&#8217;s insured portfolios. Further, any national recession that may result from the pandemic and its aftermath could, present additional but yet unknown credit risks to National&#8217;s and MBIA Corp.&#8217;s insured portfolios.</div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">49</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: justify; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; font-weight: bold; letter-spacing: 0px; top: 0px;;display:inline;">Item 2. Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations</div> </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">EXECUTIVE OVERVIEW (continued) </div></div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Federal legislation passed to combat the economic impact of the pandemic, principally the $2.2 trillion Coronavirus Aid, Relief, and Economic Security (&#8220;CARES&#8221;) Act, and an additional nearly $500&#160;billion approved by Congress and the President in late April of 2020, included significant aid to public sector issuers including states, territories, healthcare, higher education and transportation issuers. In addition, the Federal Reserve has announced several actions in furtherance of its mandate from Congress to promote the stability of the financial system that are directly supportive of the municipal market. It is premature to assess whether these or any subsequent federal responses will prevent or reduce financial distress in the municipal sector. If the issuers of the obligations in National&#8217;s insured portfolio, including the Commonwealth of Puerto Rico and its instrumentalities (&#8220;Puerto Rico&#8221;), are unable to raise taxes, reduce spending, or receive federal assistance, we may experience new or additional losses or impairments on those obligations, which could materially and adversely affect our business, financial condition and financial results. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Certain of MBIA Corp.&#8217;s structured finance policies, including those in which the underlying principal obligations are comprised of residential or commercial mortgages and mortgage-backed securities, could be negatively impacted by delays or failures of borrowers to make payments of principal and interest when due, or delays or moratoriums on foreclosures or enforcement actions with respect to delinquent or defaulted mortgages imposed by governmental authorities. MBIA Corp. has recorded significant loss reserves on its residential mortgage-backed securities (&#8220;RMBS&#8221;) and collateralized debt obligations (&#8220;CDO&#8221;) exposures, and there can be no assurance that these reserves will be sufficient if the pandemic causes further deterioration to the economy. These transactions are also subject to servicer risks, which relate to problems with the transaction&#8217;s servicer that could adversely impact performance of the underlying assets. Additionally, several of our credits, particularly within our international public finance sector, feature large, near term debt-service payments, and there can be no assurance that the liquidity position of MBIA Corp. will enable it to satisfy any claims that arise if the issuers of such credits are unable or unwilling to refinance or repay their obligations. MBIA Corp. has recorded substantial expected recoveries on certain RMBS transactions, and the forbearance options available under the CARES Act for mortgage borrowers who are facing financial difficulties, may delay or impair collections on these recoveries. </div></div> <div style="text-align: left; text-indent: 0%; font-family: Arial; font-size: 10pt; text-decoration: none; margin-top: 18pt; margin-bottom: 0px; margin-left: 0%;"><div style="text-decoration:underline;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Liquidity </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The Company continues to monitor its cash and liquid asset resources using cash forecasting and stress-scenario testing. Members of the Company&#8217;s senior management meet regularly to review liquidity metrics, discuss contingency plans and establish target liquidity levels. It remains premature to predict the full impact the pandemic may have on our future liquidity position and needs. Declines in the market value or rating eligibility of assets pledged against the Company&#8217;s obligations as a result of credit market deterioration caused by <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19</div> require additional eligible assets to be pledged in order to meet minimum required collateral amounts against these obligations. This could require the Company to sell assets, potentially with substantial losses or use free cash or other assets to meet the collateral requirements, thus negatively impacting the Company&#8217;s liquidity position. Associated declines in the yields in our insurance companies&#8217; fixed-income portfolios could materially impact investment income.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financial Highlights </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The following table presents our financial highlights. In the fourth quarter of 2019, the Company adopted Accounting Standards Update (&#8220;ASU&#8221;) <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2019-12,</div> &#8220;Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes&#8221; as of January&#160;1, 2019. As a result of adopting ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2019-12,</div> the Company revised its previously reported amounts for the three months ended March&#160;31, 2019. Refer to &#8220;Note 3: Recent Accounting Pronouncements&#8221; in the Notes to Consolidated Financial Statements for more information about the impact of ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2019-12.</div> A detailed discussion of our financial results is presented within the &#8220;Results of Operations&#8221; section included herein. Refer to the &#8220;Capital Resources&#8212;Insurance Statutory Capital&#8221; section for a discussion of National&#8217;s and MBIA Insurance Corporation&#8217;s capital position under statutory accounting principles (&#8220;U.S. STAT&#8221;).</div>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net income (loss) </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(333) </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(21) </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net income (loss) per diluted share </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4.62) </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(0.24) </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Adjusted net income (loss)<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(1)</div></div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">39&#160;</div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Adjusted net income (loss) per diluted share<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(1)</div></div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Cost of shares purchased or repurchased </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">65&#160;</div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4&#160;</div></div> </td>
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<td style="width: 3%; vertical-align: top;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Adjusted net income (loss) and adjusted net income (loss) per diluted share are <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-GAAP</div> measures. Refer to the following &#8220;Results of Operations&#8221; section for a discussion of adjusted net income (loss) and adjusted net income (loss) per diluted share and a reconciliation of GAAP net income to adjusted net income (loss) and GAAP net income per diluted share to adjusted net income (loss) per diluted share.</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">50</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: justify; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; font-weight: bold; letter-spacing: 0px; top: 0px;;display:inline;">Item 2. Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations</div> </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">EXECUTIVE OVERVIEW (continued) </div></div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Economic and Financial Market Trends </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The U.S. economy faced unprecedented challenges during the first quarter of 2020 due to the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19</div> pandemic which has rapidly spread across the world. Prior to the pandemic, the U.S. economy was relatively healthy as evidenced by a strong labor market and low inflation. The Federal Reserve has vowed to use all of its resources and tools to support the economy by assisting households, employers, and state and local governments during the coronavirus pandemic.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Federal Open Market Committee lowered its target range for the federal funds rate to 0 to<div style="bottom: 0.8ex; vertical-align: text-top; position: relative; font-size: 7.4pt; line-height: 5.476pt;;display:inline;">1</div>/<div style="vertical-align: baseline; position: relative;;vertical-align: sub;font-size: smaller;display:inline;">4</div> percent at its March 2020 meeting. The Federal Reserve has committed to keeping interest rates at or near zero in order to lower borrowing costs until they are confident that the economy has stabilized and the health crisis has subsided. The Federal Reserve stated it will use its full range of authorities to ensure that the eventual recovery will be as robust as possible. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;">Economic and financial market trends could impact the Company&#8217;s financial results. As a result of the pandemic, many states and municipalities will experience financial distress through delayed tax collections, inability to reduce spending and not receiving timely financial assistance. Economic deterioration at the state and local level weakens the credit quality of the issuers of our insured municipal bonds, reduces the performance of our insured U.S. public finance portfolio and could increase the amount of National&#8217;s potential incurred losses.&#160;In addition, lower interest rates could result in decreased returns on our Company&#8217;s investment portfolios. Refer to the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">&#8220;COVID-19&#8221;</div> section above for further information about the pandemic.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">CRITICAL ACCOUNTING POLICIES AND ESTIMATES </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">We prepare our consolidated financial statements in accordance with accounting principles generally accepted in the United States of America (&#8220;GAAP&#8221;), which requires the use of estimates and assumptions. Management has discussed and reviewed the development, selection, and disclosure of critical accounting estimates with the Company&#8217;s Audit Committee. Our most critical accounting estimates include loss and loss adjustment expense (&#8220;LAE&#8221;) reserves and valuation of financial instruments, since these estimates require significant judgment. Any modifications in these estimates could materially impact our financial results. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;">For a discussion of the Company&#8217;s critical accounting estimates, refer to &#8220;Critical Accounting Estimates&#8221; in Part II, Item 7, &#8220;Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations&#8221; included in the Company&#8217;s Annual Report on Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">10-K</div> for the year ended December&#160;31, 2019. In addition, refer to &#8220;Note 5: Loss and Loss Adjustment Expense Reserves&#8221; and &#8220;Note 6: Fair Value of Financial Instruments&#8221; in the Notes to Consolidated Financial Statements for a current description of estimates used in our insurance loss reserving process and information about our financial assets and liabilities that are accounted for at fair value, including valuation techniques and significant inputs.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">RECENT ACCOUNTING PRONOUNCEMENTS </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Refer to &#8220;Note 3: Recent Accounting Pronouncements&#8221; in the Notes to Consolidated Financial Statements for a discussion of accounting guidance recently adopted by the Company. </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">51</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: justify; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; font-weight: bold; letter-spacing: 0px; top: 0px;;display:inline;">Item 2. Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations</div> </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">RESULTS OF OPERATIONS </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Summary of Consolidated Results </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents a summary of our consolidated financial results for the three months ended March&#160;31, 2020 and 2019: </div></div>
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<td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="7" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Three&#160;Months&#160;Ended&#160;March&#160;31, </div></div></div> </td> </tr>
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<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions except per share amounts </div></div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;2020&#160;&#160;&#160;&#160;</div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;2019&#160;&#160;&#160;&#160;</div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total revenues </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(6</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">50 </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total expenses </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">327 </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">69 </div></div> </td>
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<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td> </tr>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Income (loss) before income taxes </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Provision (benefit) for income taxes </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net income (loss) </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(333</div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(21</div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Weighted average number of common shares outstanding: </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Diluted </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">85.6 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Consolidated total revenues decreased for the three months ended March&#160;31, 2020 compared with the same period of 2019 principally due to fair value losses on securities from a widening of credit spreads during the first quarter of 2020 and higher losses on our interest rate swaps for which we receive floating rates as a result of lower interest rates during the first quarter of 2020. These unfavorable changes were partially offset by the absence of the following items that occurred in the three months ended March&#160;31, 2019: (i) net realized losses due to the consolidation of the Puerto Rico Tax Financing (&#8220;COFINA&#8221;) consolidated variable interest entities (&#8220;VIEs&#8221;) following the confirmation of the COFINA Plan of Adjustment; and (ii)&#160;net investment losses related to other-than-temporary investments (&#8220;OTTI&#8221;) on an impaired security for which a loss was recognized as the difference between the amortized cost and net present value of projected cash flows. This impaired security was sold during the first quarter of 2020. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Consolidated total expenses for the three months ended March&#160;31, 2020 included an expense of $243&#160;million of losses and LAE compared with a benefit of $38&#160;million of losses and LAE for the same period of 2019. This increase in losses and LAE was primarily due to increases in losses incurred on certain Puerto Rico credits, CDOs and first-lien RMBS. Refer to the following &#8220;Loss and Loss Adjustment Expenses&#8221; sections of National and MBIA Corp. for additional information on our losses and LAE. </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">52</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: justify; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; font-weight: bold; letter-spacing: 0px; top: 0px;;display:inline;">Item 2. Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations</div> </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">RESULTS OF OPERATIONS (continued) </div></div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Non-GAAP</div> Adjusted Net Income (Loss) </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">In addition to our results prepared in accordance with GAAP, we also analyze the operating performance of the Company using adjusted net income (loss) and adjusted net income (loss) per diluted common share, both <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-GAAP</div> measures. Since adjusted net income (loss) is used by management to assess performance and make business decisions, we consider adjusted net income (loss) and adjusted net income (loss) per diluted common share fundamental measures of periodic financial performance which are useful in understanding our results. Adjusted net income (loss) and adjusted net income (loss) per diluted common share are not substitutes for net income (loss) and net income (loss) per diluted common share determined in accordance with GAAP, and our definitions of adjusted net income (loss) and adjusted net income (loss) per diluted common share may differ from those used by other companies.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;">Adjusted net income (loss) and adjusted net income (loss) per diluted common share include the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">after-tax</div> results of the Company and remove the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">after-tax</div> results of our international and structured finance insurance segment, comprising the results of MBIA Corp. which given its capital structure and business prospects, we do not expect its financial performance to have a material economic impact on MBIA Inc., as well as the following:</div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px; table-layout: fixed;">
<tr style="page-break-inside: avoid;">
<td style="width: 5%; text-align: left;">&#160;</td>
<td style="width: 3%; vertical-align: top;">&#8226;</td>
<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Mark-to-market gains (losses) on financial instruments </div></div>&#8211; We remove the impact of <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">mark-to-market</div> gains (losses) on financial instruments that primarily include interest rate swaps and hybrid financial instruments. These amounts fluctuate based on market interest rates, credit spreads and other market factors.</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px; table-layout: fixed;">
<tr style="page-break-inside: avoid;">
<td style="width: 5%; text-align: left;">&#160;</td>
<td style="width: 3%; vertical-align: top;">&#8226;</td>
<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Foreign exchange gains (losses) </div></div>&#8211; We remove foreign exchange gains (losses) on the remeasurement of certain assets and liabilities and transactions in <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-functional</div> currencies. Given the possibility of volatility in foreign exchange markets, we exclude the impact of foreign exchange gains (losses) to provide a measurement of comparability of adjusted net income (loss).</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px; table-layout: fixed;">
<tr style="page-break-inside: avoid;">
<td style="width: 5%; text-align: left;">&#160;</td>
<td style="width: 3%; vertical-align: top;">&#8226;</td>
<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Net gains (losses) on sales of investments and impaired securities </div></div>&#8211; We remove gains (losses) on the sale of investments and net investment losses related to impairment of securities since the timing of these transactions are subject to management&#8217;s assessment of market opportunities and conditions and capital liquidity positions.</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px; table-layout: fixed;">
<tr style="page-break-inside: avoid;">
<td style="width: 5%; text-align: left;">&#160;</td>
<td style="width: 3%; vertical-align: top;">&#8226;</td>
<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Income taxes </div></div>&#8211; The Company applies a zero effective tax rate for federal income tax purposes to its <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">pre-tax </div> adjustments, if applicable.</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;">Management further adjusts <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-GAAP</div> adjusted net income (loss) and adjusted net income (loss) per diluted common share by removing the impact of our U.S. public finance insurance segment VIE consolidations. GAAP requires the Company to consolidate certain VIEs that have issued debt obligations insured by the Company. However, since the Company does not own such VIEs, management uses certain measures adjusted to remove the impact of VIE consolidations for our U.S. public finance insurance segment in order to reflect financial exposure limited to its financial guarantee contracts. Wherever appropriate, the Company has separately disclosed the effect of our U.S. public finance insurance segment VIE consolidations.</div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">53</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: justify; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; font-weight: bold; letter-spacing: 0px; top: 0px;;display:inline;">Item 2. Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations</div> </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">RESULTS OF OPERATIONS (continued) </div></div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents our adjusted net income (loss) and adjusted net income (loss) per diluted common share and provides a reconciliation of GAAP net income (loss) to adjusted net income (loss) for the three months ended March&#160;31, 2020 and 2019: </div></div>
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<td style="white-space: nowrap; font-family: Arial;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td style="font-family: Arial; padding: 0px;"></td> </tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="7" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Three&#160;Months&#160;Ended&#160;March&#160;31, </div></div></div> </td> </tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions except share and per share amounts </div></div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;2020&#160;&#160;&#160;&#160;</div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;2019&#160;&#160;&#160;&#160;</div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net income (loss) </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(333</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(21</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Less: adjusted net income (loss) adjustments: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Income (loss) before income taxes of our international and structured finance insurance segment and eliminations </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(220</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(55</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Adjustments to income before income taxes of our U.S. public finance insurance and corporate segments: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 4em; line-height: normal;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Mark-to-market</div> gains (losses) on financial instruments<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(1)</div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(77</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(16</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 4em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Foreign exchange gains (losses)<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(1)</div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 4em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net gains (losses) on sales of investments<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(1)</div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">33 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 4em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net investment losses related to impairments of securities </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(28</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 4em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other net realized gains (losses) </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 4em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Adjusted net income adjustment to the (provision) benefit for income tax<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(2)</div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Adjusted net income (loss) </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(47</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">39 </div></div> </td>
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<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
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<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Adjusted net income (loss) per diluted common share<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(3)</div></div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.45 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Gain (loss) related to our U.S. public finance insurance segment VIE consolidations included in adjusted net income (loss) </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Gain (loss) related to our U.S. public finance insurance segment VIE consolidations per diluted common share included in adjusted net income (loss) per diluted common share </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(0.15</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: center;"> <div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> </div>
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<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Reported within &#8220;Net gains (losses) on financial instruments at fair value and foreign exchange&#8221; on the Company&#8217;s consolidated statements of operations.</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div>
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<td style="width: 3%; vertical-align: top; white-space: nowrap;">(2)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Reported within &#8220;Provision (benefit) for income taxes&#8221; on the Company&#8217;s consolidated statements of operations.</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
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<td style="width: 3%; vertical-align: top; white-space: nowrap;">(3)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Adjusted net income (loss) per diluted common share is calculated by taking adjusted net income (loss) divided by the GAAP weighted average number of diluted common shares outstanding.</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Book Value Adjustments Per Share </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In addition to GAAP book value per share, for internal purposes management also analyzes adjusted book value (&#8220;ABV&#8221;) per share, changes to which we view as an important indicator of financial performance. ABV is also used by management in certain components of management&#8217;s compensation. Since many of the Company&#8217;s investors and analysts continue to use ABV to evaluate MBIA&#8217;s share price and as the basis for their investment decisions, we present GAAP book value per share as well as the individual adjustments used by management to calculate its internal ABV metric. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Management adjusts GAAP book value to remove the book value of MBIA Corp. and for certain items which the Company believes will reverse from GAAP book value through GAAP earnings and comprehensive income, as well as add in the impact of certain items which the Company believes will be realized in GAAP book value in future periods. The Company has limited such adjustments to those items that it deems to be important to fundamental value and performance and for which the likelihood and amount can be reasonably estimated. The following provides a description of management&#8217;s adjustments to GAAP book value: </div></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px; table-layout: fixed;">
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<td style="width: 5%; text-align: left;">&#160;</td>
<td style="width: 3%; vertical-align: top;">&#8226;</td>
<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Negative Book value of MBIA Corp.</div></div> &#8211; We remove the negative book value of MBIA Corp. based on our view that given MBIA Corp.&#8217;s current financial condition, the regulatory regime in which it operates, the priority given to its policyholders, surplus note holders and preferred stock holders with respect to the distribution of assets, and its legal structure, it is not and will not likely be in a position to upstream any economic benefit to MBIA Inc. Further, MBIA Inc. does not face any material financial liability arising from MBIA Corp.</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">54</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: justify; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; font-weight: bold; letter-spacing: 0px; top: 0px;;display:inline;">Item 2. Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations</div> </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">RESULTS OF OPERATIONS (continued) </div></div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px; table-layout: fixed;">
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<td style="width: 5%; text-align: left;">&#160;</td>
<td style="width: 3%; vertical-align: top;">&#8226;</td>
<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Net unrealized (gains) losses on available-for-sale (&#8220;AFS&#8221;) securities excluding MBIA Corp.</div></div> &#8211; We remove net unrealized gains and losses on AFS securities recorded in accumulated other comprehensive income since they will reverse from GAAP book value when such securities mature. Gains and losses from sales and impairments of AFS securities are recorded in book value through earnings.</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px; table-layout: fixed;">
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<td style="width: 5%; text-align: left;">&#160;</td>
<td style="width: 3%; vertical-align: top;">&#8226;</td>
<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Net unearned premium revenue in excess of expected losses of National </div></div>- We include net unearned premium revenue in excess of expected losses. Net unearned premium revenue in excess of expected losses consists of the financial guarantee unearned premium revenue of National in excess of expected insurance losses, net of reinsurance and deferred acquisition costs. In accordance with GAAP, a loss reserve on a financial guarantee policy is only recorded when expected losses exceed the amount of unearned premium revenue recorded for that policy. As a result, we only add to GAAP book value the amount of unearned premium revenue in excess of expected losses for each policy in order to reflect the full amount of our expected losses. The Company&#8217;s net unearned premium revenue will be recognized in GAAP book value in future periods, however, actual amounts could differ from estimated amounts due to such factors as credit defaults and policy terminations, among others.</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Since the Company has a full valuation allowance against its net deferred tax asset, the book value per share adjustments were adjusted by applying a zero effective tax rate. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table provides the Company&#8217;s GAAP book value per share and management&#8217;s adjustments to book value per share used in our internal analysis: </div></div>
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<td style="width: 74%; font-family: Arial; padding: 0px;"></td>
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<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions except share and per share amounts </div></div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">As of<br/> March&#160;31, 2020 </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">As of<br/> December&#160;31,&#160;2019 </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total shareholders&#8217; equity of MBIA Inc. </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">484 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">826 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Common shares outstanding </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">72,160,406 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">79,433,293 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">GAAP book value per share </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.70 </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10.40 </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Management&#8217;s adjustments described above: </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Remove negative book value per share of MBIA Corp. </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(21.65</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(16.81</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;">Remove net unrealized gains (losses) on <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">available-for-sale</div> securities included in other comprehensive income (loss)</div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.06 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.29 </div></div> </td>
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<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Include net unearned premium revenue in excess of expected losses </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.74 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.46 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">U.S. Public Finance Insurance </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">Our U.S. public finance insurance portfolio is managed through National. The financial guarantees issued by National provide unconditional and irrevocable guarantees of the payment of the principal of, and interest or other amounts owing on, insured obligations when due or, in the event National has exercised, at its discretion, the right to accelerate the payment under its policies upon the acceleration of the underlying insured obligations due to default or otherwise. National&#8217;s guarantees insure municipal bonds, including <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">tax-exempt</div> and taxable indebtedness of U.S. political subdivisions, as well as utility districts, airports, healthcare institutions, higher educational facilities, student loan issuers, housing authorities and other similar agencies and obligations issued by private entities that finance projects that serve a substantial public purpose. Municipal bonds and privately issued bonds used for the financing of public purpose projects are generally supported by taxes, assessments, user fees or tariffs related to the use of these projects, lease payments or other similar types of revenue streams. As of March&#160;31, 2020, National had total insured gross par outstanding of $47.4&#160;billion.</div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">55</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: justify; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; font-weight: bold; letter-spacing: 0px; top: 0px;;display:inline;">Item 2. Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations</div> </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">RESULTS OF OPERATIONS (continued) </div></div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">National continues to monitor and remediate its existing insured portfolio and may also pursue strategic alternatives that could enhance shareholder value. Some state and local governments and territory obligors that National insures are experiencing financial and budgetary stress which may be exacerbated by <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19.</div> This could lead to an increase in defaults by such entities on the payment of their obligations and losses or impairments on a greater number of the Company&#8217;s insured transactions. In particular, Puerto Rico had been experiencing significant fiscal stress and constrained liquidity, and in response, Congress passed the Puerto Rico&#160;Oversight, Management and Economic Stability Act (&#8220;PROMESA&#8221;), which established an independent Financial Oversight and Management Board for Puerto Rico (&#8220;Oversight Board&#8221;) vested with the sole power to certify fiscal plans for Puerto Rico. On January&#160;1, 2020, Puerto Rico defaulted on scheduled debt service for National insured bonds and National paid gross claims in the aggregate of $59&#160;million.&#160;As of March&#160;31, 2020, National had $3.3&#160;billion of debt service outstanding related to Puerto Rico. Refer to the &#8220;U.S. Public Finance Insurance Puerto Rico Exposures&#8221; section for additional information on PROMESA and our Puerto Rico exposures. We continue to monitor and analyze these situations and other stressed credits closely, and the overall extent and duration of stress affecting our insured credits remains uncertain.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents our U.S. public finance insurance segment results for the three months ended March&#160;31, 2020 and 2019: </div></div>
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<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="7" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Three&#160;Months&#160;Ended<br/> March&#160;31, </div></div></div> </td>
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<td colspan="3" style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Percent </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
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<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions </div></div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2020 </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2019 </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Change </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net premiums earned </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18 </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-17% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net investment income </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">21 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">27 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-22% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Fees and reimbursements </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net gains (losses) on financial instruments at fair value and foreign exchange </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(18</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">40 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-145% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net investment losses related to other-than-temporary impairments </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(28</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-100% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other net realized gains (losses) </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-100% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Revenues of consolidated VIEs: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net gains (losses) on financial instruments at fair value and foreign exchange </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">28 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-100% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other net realized gains (losses) </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(43</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-100% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total revenues </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">44 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-57% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Losses and loss adjustment </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">48 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(50</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">n/m </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortization of deferred acquisition costs </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4 </div></div> </td>
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<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Operating </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13 </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total expenses </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">64 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(33</div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">n/m </div></div> </td>
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<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
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<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Income (loss) before income taxes </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">77 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">n/m </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
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<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
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<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: center;"> <div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> </div> <div style="text-align: left; text-indent: -2%; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">n/m&#160;- Percent change not meaningful. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">NET PREMIUMS EARNED Net premiums earned on financial guarantees represent gross premiums earned net of premiums ceded to reinsurers, and include scheduled premium earnings and premium earnings from refunded issues. The decrease in net premiums earned for the three months ended March&#160;31, 2020 compared with the same period of 2019 resulted from a $2&#160;million decrease in scheduled premiums earned and a $1&#160;million decrease in refunded premiums earned. Refunding activity over the past several years has accelerated premium earnings in prior years and reduced the amount of scheduled premiums that would have been earned in the current year. In addition, in the first quarter of 2019, $1&#160;million of premiums earned were eliminated in our consolidated financial statements as a result of the Company consolidating VIEs related to the COFINA transaction. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">NET GAINS (LOSSES) ON FINANCIAL INSTRUMENTS AT FAIR VALUE AND FOREIGN EXCHANGE For the three months ended March&#160;31, 2020, net gains (losses) on financial instruments at fair value and foreign exchange included fair value losses on securities due to a widening of credit spreads during the first quarter of 2020. For the three months ended March&#160;31, 2019, net gains (losses) on financial instruments at fair value and foreign exchange included realized gains on the COFINA bonds owned by National as a result of the COFINA bond exchange and fair value gains on securities due to a decrease in interest rates during the first quarter of 2019. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">NET INVESTMENT LOSSES RELATED TO OTHER-THAN-TEMPORARY IMPAIRMENTS Net investment losses related to OTTI for the three months ended March&#160;31, 2019 were primarily related to an impaired security for which a credit loss was recognized in earnings. This OTTI resulted from adverse financial conditions of the issuer. This impaired security was sold during the first quarter of 2020. </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">56</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: justify; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; font-weight: bold; letter-spacing: 0px; top: 0px;;display:inline;">Item 2. Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations</div> </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">RESULTS OF OPERATIONS (continued) </div></div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">REVENUES OF CONSOLIDATED VIEs VIEs within our U.S. public finance insurance segment included the Trusts established in connection with the COFINA Plan of Adjustment. For the three months ended March&#160;31, 2019, total revenues of consolidated VIEs were losses of $15&#160;million. This was primarily due to the loss on the initial consolidation of the COFINA VIEs in February of 2019, partially offset by net gains due to an increase in the fair value of collateral since consolidating the VIEs. We elected to record at fair value certain instruments that are consolidated under accounting guidance for consolidation of VIEs and, as such, changes in fair values of these instruments, which included investments held and debt issued, are reflected in earnings. During 2019, all remaining investment assets of the Trusts were sold and National elected to make a voluntary additional payment with the effect of simultaneously reducing the Trust&#8217;s debt obligations to zero and satisfying in full the obligations under its original insurance policies. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">LOSS AND LOSS ADJUSTMENT EXPENSES Our U.S. public finance insured portfolio management group is responsible for monitoring our U.S. public finance segment&#8217;s insured obligations. The level and frequency of monitoring of any insured obligation depends on the type, size, rating and our assessed performance of the insured issue. Refer to &#8220;Note 5: Loss and Loss Adjustment Expense Reserves&#8221; in the Notes to Consolidated Financial Statements for additional information related to the Company&#8217;s loss reserves. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For the three months ended March 31, 2020, losses and LAE primarily related to certain Puerto Rico exposures as well as an investor owned utility exposure.</div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For the three months ended March 31, 2019, the loss and LAE benefit primarily related to Puerto Rico exposures. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents information about our U.S. public finance insurance loss recoverable asset and loss and LAE reserves liabilities as of March&#160;31, 2020 and December&#160;31, 2019: </div></div>
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<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions </div></div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">March&#160;31,<br/> 2020 </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">December&#160;31,<br/> 2019 </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Percent </div></div></div> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Change </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Assets: </div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Insurance loss recoverable </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">954 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">911 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Reinsurance recoverable on paid and unpaid losses<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (1)</div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-50% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Liabilities: </div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Loss and LAE reserves<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> </div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">451 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">432 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Insurance loss recoverable&#160;-&#160;ceded<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(2)</div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net reserve (salvage) </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(490</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(474</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: center;"> <div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> </div>
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<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Reported within &#8220;Other assets&#8221; on our consolidated balance sheets.</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
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<td style="width: 3%; vertical-align: top; white-space: nowrap;">(2)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Reported within &#8220;Other liabilities&#8221; on our consolidated balance sheets.</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The insurance loss recoverable as of March&#160;31, 2020 increased compared with December&#160;31, 2019 primarily as a result of expected recoveries related to claims paid on certain Puerto Rico exposures and changes in discount rates. Loss and LAE reserves as of March&#160;31, 2020 increased compared with December&#160;31, 2019 primarily due to a change in expected payments and the impact of changes in discount rates on our Puerto Rico reserves and, to a lesser extent, reserves related to an investor-owned utility exposure. This was partially offset by payments made related to certain Puerto Rico exposures. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">POLICY ACQUISITION COSTS AND OPERATING EXPENSES U.S. public finance insurance segment expenses for the three months ended March&#160;31, 2020 and 2019 are presented in the following table: </div></div>
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<td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="7" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Three&#160;Months&#160;Ended&#160;March&#160;31, </div></div></div> </td>
<td rowspan="2" style="padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="3" rowspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Percent </div></div></div> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Change </div></div></div> </td>
<td rowspan="2" style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
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<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions </div></div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;2020&#160;&#160;&#160;&#160;</div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;2019&#160;&#160;&#160;&#160;</div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Gross expenses </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-% </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortization of deferred acquisition costs </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3 </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-25% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Operating </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13 </div></div> </td>
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<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
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<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total insurance operating expenses </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16 </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">17 </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-6% </div></div> </td>
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<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
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<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
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<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Gross expenses represent total insurance expenses before the deferral of any policy acquisition costs. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The decrease in the amortization of deferred acquisition costs were due to higher refunding activity in prior years. When an insured obligation refunds, we accelerate any remaining deferred acquisition costs associated with the policy covering the refunded insured obligation. We did not defer a material amount of policy acquisition costs during the first quarters of 2020 or 2019. </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">57</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: justify; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; font-weight: bold; letter-spacing: 0px; top: 0px;;display:inline;">Item 2. Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations</div> </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">RESULTS OF OPERATIONS (continued) </div></div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">INSURED PORTFOLIO EXPOSURE Financial guarantee insurance companies use a variety of approaches to assess the underlying credit risk profile of their insured portfolios. National uses both an internally developed credit rating system as well as third-party rating sources in the analysis of credit quality measures of its insured portfolio. In evaluating credit risk, we obtain, when available, the underlying rating(s) of the insured obligation before the benefit of National&#8217;s insurance policy from nationally recognized rating agencies, Moody&#8217;s Investor Services (&#8220;Moody&#8217;s&#8221;) and Standard&#160;&amp; Poor&#8217;s Financial Services LLC (&#8220;S&amp;P&#8221;). Other companies within the financial guarantee industry may report credit quality information based upon internal ratings that would not be comparable to our presentation. We maintain internal ratings on our entire portfolio, and our ratings may be higher or lower than the underlying ratings assigned by Moody&#8217;s or S&amp;P. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents the credit quality distribution of National&#8217;s U.S. public finance outstanding gross par insured as of March&#160;31, 2020 and December&#160;31, 2019. Capital appreciation bonds (&#8220;CABs&#8221;) are reported at the par amount at the time of issuance of the insurance policy. All ratings are as of the period presented and represent S&amp;P underlying ratings, where available. If transactions are not rated by S&amp;P, a Moody&#8217;s equivalent rating is used. If transactions are not rated by either S&amp;P or Moody&#8217;s, an internal equivalent rating is used. </div></div>
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<td colspan="15" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Gross Par Outstanding </div></div></div> </td> </tr>
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<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions </div></div></div> </td>
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<td colspan="7" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">March&#160;31, 2020 </div></div></div> </td>
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<td colspan="7" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">December&#160;31, 2019 </div></div></div> </td> </tr>
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<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Amount </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">% </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Amount </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">% </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">AAA </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,595 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.5% </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,709 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.5% </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">AA </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18,723 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">39.5% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,155 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">39.2% </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">A </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,639 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">30.9% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15,022 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">30.7% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">BBB </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,647 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16.2% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,225 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16.8% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Below investment grade </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,747 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.9% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,809 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.8% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
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<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">47,351 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.0% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">48,920 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.0% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
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<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
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<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
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<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
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<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">U.S. Public Finance Insurance Puerto Rico Exposures </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following is a summary of exposures within the insured portfolio of our U.S. public finance insurance segment related to Puerto Rico as of March&#160;31, 2020. </div></div>
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<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions </div></div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Gross Par<br/> Outstanding </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
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<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">National<br/> Internal<br/> Rating </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Puerto Rico Electric Power Authority (PREPA) </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">968 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,315 </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">d </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Puerto Rico Commonwealth GO </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">485 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">587 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">d </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Puerto Rico Public Buildings Authority (PBA)<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(1)</div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">170 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">228 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">d </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Puerto Rico Highway and Transportation Authority Transportation Revenue (PRHTA) </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">523 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">d </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Puerto Rico Highway and Transportation Authority&#160;-&#160;Subordinated Transportation Revenue (PRHTA) </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">27 </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Puerto Rico Highway and Transportation Authority Highway Revenue (PRHTA) </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">54</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(2)</div>&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">75 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">d </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">University of Puerto Rico System Revenue </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">76 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">103 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">d </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Inter American University of Puerto Rico Inc. </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">26 </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">a3 </div></div> </td>
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<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,322 </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,265 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
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<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
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<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: center;"> <div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> </div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Additionally secured by the guarantee of the Commonwealth of Puerto Rico.</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
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<td style="width: 3%; vertical-align: top; white-space: nowrap;">(2)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Includes CABs that reflect the gross par amount at the time of issuance of the insurance policy. As of March&#160;31, 2020, gross par outstanding plus CABs accreted interest was $56&#160;million.</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On June&#160;30, 2016, PROMESA was signed into law by the President of the United States. PROMESA provides for the creation of the Oversight Board with powers relating to the development and implementation of a fiscal plan for the Commonwealth and each of its instrumentalities as well as a court-supervised Title III process that allows Puerto Rico to restructure its debt if voluntary agreements cannot be reached with creditors through a collective action process. </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">58</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: justify; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; font-weight: bold; letter-spacing: 0px; top: 0px;;display:inline;">Item 2. Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations</div> </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">RESULTS OF OPERATIONS (continued) </div></div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On May&#160;3, 2017, the Oversight Board certified and filed a petition under Title III of PROMESA for Puerto Rico with the District Court of Puerto Rico thereby commencing a bankruptcy-like case for the Commonwealth. Under separate petitions, the Oversight Board subsequently commenced Title III proceedings for COFINA, PRHTA, PREPA and PBA on May&#160;5, 2017, May&#160;21, 2017, July&#160;2, 2017 and September&#160;27, 2019, respectively. One of the proceedings was resolved on February&#160;4, 2019, when the District of Puerto Rico entered the order confirming the Third Amended Title III Plan of Adjustment for COFINA. The plan became effective on February&#160;12, 2019, and as of December&#160;31, 2019, we no longer have exposure to COFINA. There can be no assurance that the other Title III proceedings will be resolved with similar outcomes. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As a result of prior defaults, various stays and the Title III cases, Puerto Rico failed to make certain scheduled debt service payments for National insured bonds. As a consequence, National has paid gross claims in the aggregate amount of $1.1&#160;billion relating to general obligation (&#8220;GO&#8221;) bonds, PBA bonds, PREPA bonds and PRHTA bonds through March&#160;31, 2020. Inclusive of the commutation payment and the additional payment in the amount of $66&#160;million on December&#160;17, 2019 related to COFINA, National has paid total gross claims in the aggregate amount of approximately $1.2&#160;billion related to Puerto Rico. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On February&#160;15, 2019, the United States Court of Appeals for the First Circuit held that the process PROMESA provides for the appointment of Oversight Board members is unconstitutional under the U.S. Constitution&#8217;s Appointments Clause. On June&#160;20, 2019, the United States Supreme Court granted certification petitions. On July&#160;2, 2019, the First Circuit granted the Oversight Board&#8217;s motion to stay the mandate pending the Supreme Court&#8217;s final disposition. The Supreme Court heard oral arguments on October&#160;15, 2019 and a decision is not expected until later in 2020. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On May&#160;2, 2019, the Oversight Board and the Official Committee of Unsecured Creditors of all Title III Debtors (other than COFINA) (the &#8220;Committee&#8221;) filed lien avoidance adversary complaints against several hundred defendants, including National, challenging the existence, extent, and enforceability of GO bondholders&#8217; liens. After an approximately five-month stay of litigation entered by the Court on July&#160;24, 2019, these adversary proceedings resumed pursuant to an interim schedule entered by the Court in December 2019. On February&#160;5, 2020, National and Assured Guaranty Municipal Corp. filed a motion to dismiss the adversary proceeding. The adversary proceeding hearing was stayed indefinitely by further order of the Court. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;">On June&#160;17, 2019, the Oversight Board announced it had reached a plan support agreement (&#8220;PSA&#8221;) with certain Commonwealth GO bondholders and guaranteed PBA bondholders on a framework for a plan of adjustment to resolve $35.0&#160;billion worth of debt and unsecured claims against the Commonwealth. On February&#160;9, 2020, the Oversight Board posted an amended PSA, which provides for faster debt maturities and increased creditor support than the originally filed PSA. The Oversight Board asserts that the amended PSA has the support of approximately $10.7&#160;billion (or approximately 58%) in GO bonds and PBA bonds, and settles disputes regarding the validity of the 2011, 2012 and 2014 GO bonds without the need of a litigation trust as previously contemplated under the initial PSA. Under the amended PSA, <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">pre-2011</div> GO bond recoveries are 74.9% and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">pre-2011</div> PBA recoveries are 77.6%. Bondholder recoveries will be in the form of both cash and new debt, and the new debt will be issued in the form of 50% GO debt and 50% COFINA junior debt. National is not a party to the amended PSA. The Commonwealth also does not support the revised PSA. The Oversight Board subsequently filed an amended Disclosure Statement and Plan of Adjustment on February&#160;28, 2020. The motion to approve the Disclosure Statement was scheduled to be heard in <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">mid-June</div> of 2020. However, the Court adjourned the hearing until further notice due to the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19</div> crisis.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On July&#160;24, 2019, Judge Swain entered an order staying certain adversary proceedings and contested matters until December&#160;31, 2019, and imposing mandatory mediation under Judge Houser. Among the matters stayed in which National is either a party in interest or intervenor are the (i)&#160;PBA adversary proceeding seeking to recharacterize the PBA bonds as financings and (ii)&#160;GO adversary and HTA adversary proceedings, both challenging bondholder liens. Pursuant to interim schedules entered by the Court in December 2019, the PBA adversary proceeding and the HTA adversary proceeding were to remain stayed until March&#160;11, 2020, but the Court subsequently stayed all such adversary proceedings indefinitely subject to the progress of the GO confirmation process. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">PBA </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On December&#160;21, 2018, the Oversight Board filed an adversary complaint seeking to disallow the PBA&#8217;s administrative rent claims against the Commonwealth. The PBA bonds are payable from the rent the Commonwealth pays under its lease agreements with the PBA. The Oversight Board alleges that the Commonwealth has no obligation to make rent payments under section 365(d)(3) of the Bankruptcy Code and that the PBA is not entitled to a priority administrative expense claim under the leases. On April&#160;16, 2019, Judge Swain entered an order setting a discovery schedule. The proceeding is currently stayed. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On September&#160;27, 2019, the Oversight Board filed a Title III petition for the PBA. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">PREPA </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">National&#8217;s largest exposure to Puerto Rico, by gross par outstanding, is to PREPA. </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">59</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: justify; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; font-weight: bold; letter-spacing: 0px; top: 0px;;display:inline;">Item 2. Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations</div> </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">RESULTS OF OPERATIONS (continued) </div></div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On October&#160;3, 2018, National, together with Assured Guaranty Corp., Assured Guaranty Municipal Corp., and Syncora Guarantee Inc. (collectively, &#8220;Movants&#8221;) filed a motion in the Title III case for PREPA for relief from the automatic stay to allow Movants to exercise their statutory right to have a receiver appointed at PREPA (the &#8220;Receiver Motion&#8221;). This motion is stayed pending a resolution of the 9019 Order, discussed below. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On May&#160;3, 2019, PREPA, the Oversight Board, the Puerto Rico Fiscal Agency and Financial Advisory Authority (&#8220;AAFAF&#8221;), the Ad Hoc Group of PREPA bondholders (the &#8220;Ad Hoc Group&#8221;), and Assured Guaranty Corp. and Assured Guaranty Municipal Corp. (&#8220;Assured&#8221;) entered into the RSA which was amended on September&#160;9, 2019 to include National and Syncora Guarantee, Inc. (&#8220;Syncora&#8221;) as supporting parties. Approximately 90% of PREPA&#8217;s bondholders have joined the RSA. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Among other things, the RSA contemplates a transaction pursuant to which, upon the effective date of a plan of adjustment, PREPA&#8217;s legacy bonds will be exchanged for new securitization bonds to be issued in two tranches.&#160;In addition, beginning on the last day of the month in which the order approving the RSA is entered, holders of bonds that are subject to the RSA will receive monthly settlement payments funded by a settlement charge to be included on customer bills (the &#8220;Settlement Payments&#8221;) until the effective date of a plan of adjustment for PREPA. The Settlement Payments are subject to increase if a plan of adjustment is not confirmed before March&#160;31, 2021. The RSA provides that supporting parties will receive an administrative claim equal to interest accrued on certain of the securitization bonds, less the amount of any Settlement Payments made on account of such bonds, which administrative claim shall survive termination of the RSA. Additionally, pursuant to the RSA, supporting creditors will also receive certain fees and expense reimbursements. The RSA initially contemplated the filing of a plan of adjustment for PREPA by March&#160;31, 2020; the timing of that action is now uncertain. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;">Pursuant to the RSA, the Oversight Board filed a Rule 9019 motion with the Title III court in May 2019 seeking approval of the RSA (the &#8220;Settlement Motion&#8221;) and a Motion to Dismiss the Receiver Motion. The RSA requires, upon entry of the order approving the Settlement Motion (the &#8220;9019 Order&#8221;), that Movants will withdraw the Receiver Motion, and the Ad Hoc Group will support such withdrawal. The Receiver Motion and the Motion to Dismiss the Receiver Motion have been delayed several times, and most recently were adjourned due to the outbreak of <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19</div> until further notice. The Oversight Board and the Commonwealth have been ordered to submit a status report to the Title III court on May&#160;15, 2020. The debt restructuring contemplated by the RSA will not be effective until (i)&#160;confirmation of a plan of adjustment under the Puerto Rico Oversight, Management and Economic Stability Act (&#8220;PROMESA&#8221;), (ii) negotiation and consummation of definitive documentation and legal opinions, (iii)&#160;enactment and implementation of supportive Puerto Rico legislation and (iv)&#160;receipt of Puerto Rico regulatory approval, each of which outcome is uncertain and subject to varying degrees of risk.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As contemplated by the RSA, on July&#160;1, 2019 the Oversight Board and AAFAF also filed an adversary complaint against the Trustee for the PREPA Bonds, challenging the validity of the liens arising under the Trust Agreement that secure insured obligations of National. The adversary proceeding is stayed until the earlier of (a) 60 days after the Court denies the 9019 Motion, (b)&#160;consummation of a Plan, (c) 60 days after the filing by the Oversight Board and AAFAF of a Litigation Notice, or (d)&#160;further order of the Court. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Certain objectors to the RSA have filed adversary proceedings challenging the payment priority arising under the PREPA Trust Agreement, alleging that they are entitled to be paid in full before National and other bondholders have any lien on or recourse to PREPA&#8217;s assets, including pursuant to the RSA. All litigation on this matter has been stayed until the Court places the 9019 Motion back on the calendar for hearing. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On September&#160;26, 2019, National sold its entire holding of uninsured PREPA bonds purchased in 2016 with a par value of $139&#160;million. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">PRHTA </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On May&#160;20, 2019, the Oversight Board and the Committee filed a lien avoidance adversary complaint against fiscal agents, holders, and insurers of certain PRHTA bonds, including National. The complaint challenges the extent and enforceability of certain security interests in PRHTA&#8217;s revenues. Pursuant to an interim schedule entered by the Court in December 2019, the Court has stayed the proceedings, with the understanding that the issues raised in these proceedings would be addressed in new adversary proceedings filed by the Oversight Board on January&#160;16, 2020. Subsequent to those filings, these proceedings were stayed by order of the Court. </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: justify; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; font-weight: bold; letter-spacing: 0px; top: 0px;;display:inline;">Item 2. Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations</div> </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; font-weight: bold; letter-spacing: 0px; top: 0px;;display:inline;">RESULTS OF OPERATIONS</div> (continued) </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On August&#160;23, 2019, National and Assured (the &#8220;HTA Movants&#8221;) filed a motion in the Title III case for PRHTA for adequate protection or, in the alternative, relief from the automatic stay. The motion argues that the revenues securing the bonds insured by HTA Movants are being improperly diverted away from PRHTA, despite such revenues being the exclusive property of PRHTA and its bondholders. Pursuant to an interim schedule entered by the Court in December 2019, the HTA Movants, along with Ambac Assurance Corporation and FGIC, amended the motion on January&#160;16, 2020. A preliminary hearing on the motion has been scheduled, at which time the Court will hear argument on issues of standing and HTA Movants&#8217; property interest in the revenues that secure the bonds. </div></div> <div style="text-align: left; text-indent: 0%; font-family: Arial; font-size: 10pt; text-decoration: none; margin-top: 18pt; margin-bottom: 0px; margin-left: 0%;"><div style="text-decoration:underline;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Status of Puerto Rico&#8217;s Fiscal Plans </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">On May&#160;9, 2019, after requesting approval to amend its fiscal plans and the submission of several <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-compliant</div> versions by the Puerto Rico government, the Oversight Board certified its own revised fiscal plan for the Commonwealth. The revised fiscal plan reflects a cumulative surplus of $13.7&#160;billion over the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">six-year</div> projection period (after measures and structural reforms, but before contractual debt service). The new surplus is about $3.5&#160;billion lower than the previous plan, which reflected a surplus of almost $17.0&#160;billion. For the remaining component units, the Oversight Board certified fiscal plans for both PRHTA and the University of Puerto Rico (the &#8220;University&#8221;) on June&#160;5, 2019, while certifying a revised Fiscal Plan for PREPA on June&#160;27, 2019. The Oversight Board also certified the fiscal year 2020 budgets for Commonwealth, PREPA, the University and PRHTA. In January 2020, the Oversight Board requested that the Puerto Rico government submit a proposed updated Fiscal Plan for the Commonwealth in light of recent and recurring earthquakes and considering the Island&#8217;s current state of emergency. The Commonwealth submitted a revised fiscal plan on May 3, 2020. The Oversight Board has not established a date to certify the updated Fiscal Plan given the uncertainty of the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19</div> crisis.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">University of Puerto Rico </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The University is not a debtor in Title III and continues to be current on its debt service payment. However, the University is subject to a standstill agreement with its senior bondholders. The standstill agreement, which requires monthly transfers to the trustee in the amount of approximately $3.7&#160;million, is scheduled to expire on May&#160;25, 2020, unless otherwise extended.&#160;More recently, the University gave notice that it would not make its monthly transfers for March 2020 and April 2020, due to the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19</div> crisis. The parties agreed to amend the standstill agreement to delay the monthly transfer until May 2020.&#160;National is not a party to the Standstill Agreement.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other than the Inter American University of Puerto Rico Inc., S&amp;P, Fitch Ratings and/or Moody&#8217;s have downgraded the ratings of all Puerto Rico issuers to below investment grade with a negative outlook due to ongoing economic pressures, which will weigh on Puerto Rico&#8217;s ability to meet debt and other funding obligations, potentially driving bondholder recovery rates lower as restructuring the island&#8217;s debt burden unfolds. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;">In late December of 2019 into January of 2020, Puerto Rico experienced a series of earthquakes. An overall damage assessment of homes, public schools and other structures is ongoing. In response to the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19</div> pandemic, the Oversight Board approved in late March of 2020 an emergency measures support package amounting to $787&#160;million. The Oversight Board funding source consists of $500&#160;million from the fiscal year 2020 surplus, $157&#160;million that will be <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">re-appropriated</div> from within the current fiscal year 2020 General Fund budget and the remaining $130&#160;million will be covered by federal funds. The $787&#160;million supplements any additional federal funding that Puerto Rico expects to receive under the CARES Act.</div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">61</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: justify; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; font-weight: bold; letter-spacing: 0px; top: 0px;;display:inline;">Item 2. Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations</div> </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; font-weight: bold; letter-spacing: 0px; top: 0px;;display:inline;">RESULTS OF OPERATIONS</div> (continued) </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents our scheduled gross debt service due on our Puerto Rico insured exposures for the nine months ending December&#160;31, 2020, for each of the subsequent four years ending December&#160;31 and thereafter: </div></div>
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<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Nine Months </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Ending </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">December&#160;31, </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2020 </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2021 </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2022 </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2023 </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2024 </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Thereafter </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Total </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Puerto Rico Electric Power Authority (PREPA) </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">90 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">140 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">140 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">137 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">137 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">671 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,315 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Puerto Rico Commonwealth GO </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">210 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">82 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">249 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">587 </div></div> </td>
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<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Puerto Rico Public Buildings Authority (PBA) </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">24 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">27 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">43 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">120 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">228 </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Puerto Rico Highway and Transportation Authority Transportation Revenue (PRHTA) </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">27 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">27 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">36 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">33 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">759 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">895 </div></div> </td>
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<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Puerto Rico Highway and Transportation Authority - Subordinated Transportation Revenue (PRHTA) </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">23 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">36 </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Puerto Rico Highway and Transportation Authority Highway Revenue (PRHTA) </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">75 </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">University of Puerto Rico System Revenue </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">103 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Inter American University of Puerto Rico Inc. </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">26 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">342 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">288 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">216 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">234 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">243 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,942 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,265 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
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<td style="width: 57%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 3%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 3%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 3%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 4%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 3%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 17%; font-family: Arial; padding: 0px;">&#160;</td> </tr>
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<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
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<td style="padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Percent </div></div></div> </td> </tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions </div></div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;2020&#160;&#160;&#160;&#160;</div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;2019&#160;&#160;&#160;&#160;</div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Change </div></div></div> </td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net investment income </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-20% </div></div> </td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Fees </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-% </div></div> </td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net gains (losses) on financial instruments at fair value and foreign exchange </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(56</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(18</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">n/m </div></div> </td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other net realized gains (losses) </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-100% </div></div> </td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total revenues </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(32</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">n/m </div></div> </td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Operating </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">23 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-35% </div></div> </td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Interest </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">21 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">24 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-13% </div></div> </td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total expenses </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">36 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">47 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Income (loss) before income taxes </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">70% </div></div> </td> </tr>
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<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: center;"> <div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> </div> <div style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">n/m - Percent change not meaningful. </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">62</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: justify; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; font-weight: bold; letter-spacing: 0px; top: 0px;;display:inline;">Item 2. Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations</div> </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; font-weight: bold; letter-spacing: 0px; top: 0px;;display:inline;">RESULTS OF OPERATIONS</div> (continued) </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">NET GAINS (LOSSES) ON FINANCIAL INSTRUMENTS AT FAIR VALUE AND FOREIGN EXCHANGE The unfavorable change in net gains (losses) on financial instruments at fair value and foreign exchange for the three months ended March&#160;31, 2020 compared with the same period of 2019 was primarily due to the impact of decreases in interest rates during 2020 on the fair values of interest rate swaps for which we receive floating rates. During 2019, we terminated a portion of these interest rate swaps. The termination amount paid in cash reflected the fair values of the swaps at termination date and all collateral held by the counterparty to the interest rate swaps was returned to the Company. The termination of these swaps was executed to reduce future exposure to interest rate movements. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">OPERATING EXPENSES Operating expenses decreased for the three months ended March&#160;31, 2020 compared with the same period of 2019 primarily due to a decrease in compensation expense. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">International and Structured Finance Insurance </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">Our international and structured finance insurance portfolio is managed through MBIA Corp. The financial guarantees issued by MBIA Corp. generally provide unconditional and irrevocable guarantees of the payment of the principal of, and interest or other amounts owing on, <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-U.S.</div> public finance and global structured finance insured obligations when due or, in the event MBIA Corp. has the right, at its discretion, to accelerate insured obligations upon default or otherwise.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;">MBIA Corp. has insured sovereign-related and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">sub-sovereign</div> bonds, privately issued bonds used for the financing of utilities, toll roads, bridges, airports, public transportation facilities, and other types of infrastructure projects serving a substantial public purpose. Global structured finance and asset-backed obligations typically are securities repayable from cash flows generated by a specified pool of assets, such as residential and commercial mortgages, insurance policies, consumer loans, corporate loans and bonds, trade and export receivables, and leases for equipment, aircraft and real estate property. MBIA Insurance Corporation insures the investment agreements written by MBIA Inc., and if MBIA Inc. were to have insufficient assets to pay amounts due upon maturity or termination, MBIA Insurance Corporation would be required to make such payments under its insurance policies. MBIA Insurance Corporation also insured debt obligations of other affiliates, including GFL, IMC and MZ Funding LLC (&#8220;MZ Funding&#8221;). MBIA Corp. has also written insurance policies guaranteeing the obligations under credit default swap (&#8220;CDS&#8221;) contracts of an affiliate, LaCrosse Financial Products, LLC and certain other derivative contracts. Certain policies cover payments potentially due under CDS, including termination payments that may become due in certain circumstances, including the occurrence of certain insolvency or payment defaults under the CDS or derivative contracts by the insured counterparty or by the&#160;guarantor. We no longer insure new CDS contracts except for transactions related to the restructuring of existing exposures. MBIA Insurance Corporation provides 100% reinsurance to MBIA Mexico S.A. de C.V. (&#8220;MBIA Mexico&#8221;).</div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">63</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: justify; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; font-weight: bold; letter-spacing: 0px; top: 0px;;display:inline;">Item 2. Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations</div> </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; font-weight: bold; letter-spacing: 0px; top: 0px;;display:inline;">RESULTS OF OPERATIONS</div> (continued) </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Corp. has contributed to the Company&#8217;s net operating loss (&#8220;NOL&#8221;) carryforward, which is used in the calculation of our consolidated income taxes. If MBIA Corp. becomes profitable, it is not expected to make any tax payments under our tax sharing agreement. Based on MBIA Corp.&#8217;s current projected earnings and our expectation that it will not write significant new business, we believe it is unlikely that MBIA Corp. will generate significant income in the near future. As a result of MBIA Corp.&#8217;s capital structure and business prospects, we do not expect its financial performance to have a material economic impact on MBIA Inc. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents our international and structured finance insurance segment results for the three months ended March&#160;31, 2020 and 2019: </div></div>
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<td colspan="7" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Three&#160;Months&#160;Ended&#160;March&#160;31, </div></div></div> </td>
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<td colspan="3" style="vertical-align: bottom; white-space: nowrap; font-size: 8pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Percent </div></div></div> </td>
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<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions </div></div></div> </td>
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<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2020 </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2019 </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Change </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net premiums earned </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6 </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7 </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-14% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net investment income </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-50% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Fees and reimbursements </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Unrealized gains (losses) on insured derivatives </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-100% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net gains (losses) on financial instruments at fair value and foreign exchange </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">n/m </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other net realized gains (losses) </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-100% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Revenues of consolidated VIEs: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net investment income </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-20% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net gains (losses) on financial instruments at fair value and foreign exchange </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(10</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">n/m </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other net realized gains (losses) </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(9</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">n/m </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total revenues </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">36 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">28 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">29% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Losses and loss adjustment </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">195 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">n/m </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortization of deferred acquisition costs </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-20% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Operating </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Interest </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">31 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">33 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-6% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Expenses of consolidated VIEs: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Operating </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-33% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Interest </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">17 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">24 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-29% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total expenses </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">256 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">84 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">n/m </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Income (loss) before income taxes </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(220</div></div> </td>
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<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
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<td rowspan="2" style="padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
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<td rowspan="2" style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
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<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2020 </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2019 </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net premiums earned: </div></div> </td>
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<td style="padding: 0px; vertical-align: top;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Non-U.S. </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">U.S. </div></div> </td>
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<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total net premiums earned </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">VIEs (eliminated in consolidation) </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4) </div></div> </td>
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<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: center;"> <div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> </div> <div style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">n/m&#8212;Percent change not meaningful. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net premiums earned represent gross premiums earned net of premiums ceded to reinsurers, and include scheduled premium earnings and premium earnings from refunded issues. Net premiums earned decreased for the three months ended March&#160;31, 2020 compared with the same period of 2019 primarily due to the runoff of the portfolio with no new business written. The negative $4 million of VIE net premiums earned eliminated in consolidation for the three months ended March 31, 2020 was primarily due to the termination of a policy, resulting in the reversal of previously eliminated net premiums in excess of cash received.</div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">64</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: justify; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; font-weight: bold; letter-spacing: 0px; top: 0px;;display:inline;">Item 2. Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations</div> </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; font-weight: bold; letter-spacing: 0px; top: 0px;;display:inline;">RESULTS OF OPERATIONS</div> (continued) </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">UNREALIZED GAINS (LOSSES) ON INSURED DERIVATIVES For the three months ended March&#160;31, 2019, unrealized gains on insured derivatives were principally due to the reversal of unrealized losses resulting from gross par amortization of insured transactions, partially offset by unfavorable changes in the estimated value of the remaining underlying collateral. Refer to &#8220;Note 8: Derivatives&#8221; in the Notes to Consolidated Financial Statements for additional information regarding our insured CDS credit. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">NET GAINS (LOSSES) ON FINANCIAL INSTRUMENTS AT FAIR VALUE AND FOREIGN EXCHANGE The net gains on financial instruments at fair value and foreign exchange for the three months ended March&#160;31, 2020 were primarily related to gains from foreign currency revaluations on Mexican peso denominated loss reserves as a result of the strengthening of the U. S. dollar, partially offset by losses from foreign currency revaluations on Chilean unidad de fomento denominated premium receivables as a result of the strengthening of the U.S. dollar. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">REVENUES OF CONSOLIDATED VIEs The increase in revenues of consolidated VIEs for the three months ended March&#160;31, 2020 compared with the same period of 2019 was primarily due to higher gains from putback claims on ineligible mortgage loans within a second-lien RMBS VIE, partially offset by credit losses on HTM investments held in a consolidated VIE. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">LOSSES AND LOSS ADJUSTMENT EXPENSES Our international and structured finance insured portfolio management group is responsible for monitoring international and structured finance insured obligations. The level and frequency of monitoring of any insured obligation depends on the type, size, rating and our assessed performance of the insured issue. Refer to &#8220;Note 5: Loss and Loss Adjustment Expense Reserves&#8221; in the Notes to Consolidated Financial Statements for a description of the Company&#8217;s loss reserving policy and additional information related to its loss reserves. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For the three months ended March&#160;31, 2020, losses and LAE primarily related to a decrease in expected salvage collections related to CDOs. In addition, declines in the risk-free rates during the first quarter of 2020 increased the present value of loss reserves, primarily on our insured first-lien RMBS transactions. For the three months ended March&#160;31, 2019, losses and LAE primarily related to increases in expected losses on insured first-lien RMBS transactions partially offset by an increase in projected collections from excess spread within insured second-lien RMBS securitizations. As a result of the consolidations of VIEs, losses and LAE includes the elimination of a losses and LAE benefit of $22&#160;million for the three months ended March&#160;31, 2020 and the elimination of losses and LAE expense of $14&#160;million for the three months ended March&#160;31, 2019. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents information about our insurance loss recoverable and reserves as of March&#160;31, 2020 and December&#160;31, 2019. </div></div>
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<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2020 </div></div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Assets: </div></div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Reinsurance recoverable on paid and unpaid losses<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (1)</div></div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Loss and LAE reserves </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">515 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">469 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net reserve (salvage) </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(143) </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(319) </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-56% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: center;"> <div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; margin-left: 8%; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> </div> <div style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 8%;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1)&#160;-&#160;Reported within &#8220;Other assets&#8221; on our consolidated balance sheets. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Insurance loss recoverable primarily relates to reimbursement rights arising from the payment of claims on MBIA Corp.&#8217;s policies insuring certain CDOs. Such payments also entitle MBIA Corp. to exercise certain rights and remedies to seek recovery of its reimbursement entitlements. Refer to &#8220;Note 1: Business Developments and Risks and Uncertainties&#8221; in the Notes to Consolidated Financial Statements for additional information regarding our estimates of recoveries. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Refer to &#8220;Note 5: Loss and Loss Adjustment Expense Reserves&#8221; in the Notes to Consolidated Financial Statements for additional information about our loss reserving policy, loss reserves and recoverables. </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">65</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: justify; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; font-weight: bold; letter-spacing: 0px; top: 0px;;display:inline;">Item 2. Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations</div> </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; font-weight: bold; letter-spacing: 0px; top: 0px;;display:inline;">RESULTS OF OPERATIONS</div> (continued) </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">POLICY ACQUISITION COSTS AND OPERATING EXPENSES International and structured finance insurance segment expenses for the three months ended March&#160;31, 2020 and 2019 are presented in the following table: </div></div>
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<td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="7" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Three&#160;Months&#160;Ended&#160;March&#160;31, </div></div></div> </td>
<td style="padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Percent </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions </div></div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2020 </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2019 </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Change </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Gross expenses </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7 </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-% </div></div> </td>
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<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortization of deferred acquisition costs </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4 </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-20% </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Operating </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7 </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-% </div></div> </td>
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<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
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<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total insurance operating expenses </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-8% </div></div> </td>
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<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
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<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
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<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
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<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Gross expenses represent total insurance expenses before the deferral of any policy acquisition costs. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The decrease in the amortization of deferred acquisition costs for the three months ended March&#160;31, 2020 compared with the same period of 2019 was due to higher refunding activity in prior years. We did not defer a material amount of policy acquisition costs during the first quarters of 2020 or 2019. Policy acquisition costs in these periods were primarily related to ceding commissions and premium taxes on installment policies written in prior periods. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">International and Structured Finance Insurance Portfolio Exposures </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Credit Quality </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The credit quality of our international and structured finance insured portfolio is assessed in the same manner as our U.S. public finance insured portfolio. As of March&#160;31, 2020 and December&#160;31, 2019, 29% and 27%, respectively, of our international and structured finance insured portfolio was rated below investment grade, before giving effect to MBIA&#8217;s guarantees, based on MBIA&#8217;s internal ratings, which are generally more current than the underlying ratings provided by S&amp;P and Moody&#8217;s for this subset of our insured portfolio. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Selected Portfolio Exposures </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following is a summary of selected significant exposures within our residential mortgage insured portfolio of our international and structured finance insurance segment. In addition, as of March&#160;31, 2020, MBIA Corp. insured $304&#160;million of CDOs and related instruments. We may experience considerable incurred losses in certain of these sectors. There can be no assurance that the loss reserves recorded in our financial statements will be sufficient or that we will not experience losses on transactions on which we currently have no loss reserves, in particular if the economy deteriorates. We may seek to purchase, directly or indirectly, obligations guaranteed by MBIA Corp. or seek to commute policies. The amount of insurance exposure reduced, if any, and the nature of any such actions will depend on market conditions, pricing levels from time to time, and other considerations. In some cases, these activities may result in a reduction of loss reserves, but in all cases they are intended to limit our ultimate losses and reduce the future volatility in loss development on the related policies. Our ability to purchase guaranteed obligations and to commute policies will depend on management&#8217;s assessment of available liquidity. </div></div> <div style="text-align: left; text-indent: 0%; font-family: Arial; font-size: 10pt; text-decoration: none; margin-top: 18pt; margin-bottom: 0px; margin-left: 0%;"><div style="text-decoration:underline;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Residential Mortgage Exposure </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">MBIA Corp. insures RMBS backed by residential mortgage loans, including second-lien RMBS transactions (revolving home equity lines of credit (&#8220;HELOC&#8221;) loans and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">closed-end</div> second (&#8220;CES&#8221;) mortgages). 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<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions </div></div></div> </td>
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<td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Gross&#160;Par&#160;Outstanding&#160;as&#160;of </div></div></div> </td>
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<td rowspan="2" style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
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<td style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">March&#160;31, </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
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<td colspan="2" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">December&#160;31, </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Collateral Type </div></div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2020 </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2019 </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Change </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">HELOC Second-lien </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">353 </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">381 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-7% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">CES Second-lien </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">129 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">136 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
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<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Alt-A</div> First-lien<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(1)</div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">849 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">909</div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-7% </div></div> </td>
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<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Subprime First-lien </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">327 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">343 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Prime First-lien </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7 </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,665 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,776</div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-6% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: center;"> <div style="width: 10.53%; line-height: 8pt; margin-top: 12pt; margin-bottom: 0px; margin-left: 8%; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> </div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px; table-layout: fixed;">
<tr style="page-break-inside: avoid;">
<td style="width: 8%; text-align: left;">&#160;</td>
<td style="width: 3%; vertical-align: top;">(1)</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">-&#160;Includes international exposure of $210&#160;million and $248 million as of March&#160;31, 2020 and December&#160;31, 2019, respectively.</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">66</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: justify; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; font-weight: bold; letter-spacing: 0px; top: 0px;;display:inline;">Item 2. Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations</div> </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; font-weight: bold; letter-spacing: 0px; top: 0px;;display:inline;">RESULTS OF OPERATIONS</div> (continued) </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">U.S. Public Finance and International and Structured Finance Reinsurance </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Reinsurance enables the Company to cede exposure for purposes of syndicating risk. The Company generally retains the right to reassume the business ceded to reinsurers under certain circumstances, including a reinsurer&#8217;s rating downgrade below specified thresholds. Currently, we do not intend to use reinsurance to decrease the insured exposure in our portfolio. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;">As of March&#160;31, 2020, the aggregate amount of insured par outstanding ceded by MBIA to reinsurers under reinsurance agreements was $1.6&#160;billion compared with $1.8&#160;billion as of December&#160;31, 2019. Under National&#8217;s reinsurance agreement with MBIA Corp., if a reinsurer of MBIA Corp. is unable to pay claims ceded by MBIA Corp. on U.S. public finance exposure, National will assume liability for such ceded claim payments. For a further discussion of the Company&#8217;s reinsurance, refer to &#8220;Note 13: Insurance in Force&#8221; in the Notes to Consolidated Financial Statements included in the Company&#8217;s Annual Report on Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">10-K</div> for the year ended December&#160;31, 2019.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Taxes </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Provision for Income Taxes </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company&#8217;s income taxes and the related effective tax rates for the three months ended March&#160;31, 2020 and 2019 are presented in the following table: </div></div>
<table border="0" cellpadding="0" cellspacing="0" style="margin: 12pt auto 0px; width: 92%; font-size: 10pt; border-collapse: separate; border-spacing: 0;">
<tr style="color: white; line-height: 0pt; visibility: hidden;">
<td style="width: 80%; font-family: Arial; padding: 0px;"></td>
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<td style="font-family: Arial; padding: 0px;"></td> </tr>
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<td style="vertical-align: bottom; white-space: nowrap; font-size: 8pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="7" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Three&#160;Months&#160;Ended&#160;March&#160;31, </div></div></div> </td> </tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions </div></div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2020 </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2019 </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Effective tax rate </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-10.5% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For the three months ended March&#160;31, 2020 and 2019, our effective tax rate applied to our loss before income taxes was lower than the U.S. statutory tax rate of 21% due to the full valuation allowance on the changes in our net deferred tax asset. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;">As of March&#160;31, 2020 and December&#160;31, 2019, the Company&#8217;s valuation allowance against its net deferred tax asset was $923&#160;million and $873&#160;million, respectively. Notwithstanding the full valuation allowance on its net deferred tax asset, the Company believes that it may be able to use some of its net deferred tax asset before the expirations associated with that asset based upon expected earnings at National and potential future sources of taxable income to be identified by the Company. Accordingly, the Company will continue to <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">re-evaluate</div> its net deferred tax asset on a quarterly basis. There is no assurance that the Company will reverse any of its valuation allowance on its net deferred tax asset in the future. Refer to &#8220;Note 9: Income Taxes&#8221; in the Notes to Consolidated Financial Statements for a further discussion of income taxes, including the valuation allowance against the Company&#8217;s net deferred tax asset and its accounting for tax uncertainties.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The CARES Act established new tax provisions including, but not limited to: (1)&#160;five-year carryback of NOLs generated in 2018, 2019 and 2020; (2) accelerated refund of alternative minimum tax (&#8220;AMT&#8221;) credit carryforwards; and (3)&#160;retroactive changes to allow accelerated depreciation for certain depreciable property. The legislation does not have a material impact on the Company&#8217;s tax positions due to the lack of taxable income in the carryback periods. The Company expects to receive a cash benefit for its remaining AMT credits in 2020 as provided by the CARES Act. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">CAPITAL RESOURCES </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company manages its capital resources to minimize its cost of capital while maintaining appropriate claims-paying resources (&#8220;CPR&#8221;) for National and MBIA Corp. The Company&#8217;s capital resources consist of total shareholders&#8217; equity, total debt issued by MBIA Inc. for general corporate purposes, surplus notes issued by MBIA Corp., and MBIA Corp.&#8217;s financing facility between MZ Funding LLC (&#8220;MZ Funding&#8221;) and certain purchasers, pursuant to which the purchasers or their affiliates agreed to refinance the outstanding insured senior notes of MZ Funding (&#8220;Refinanced Facility&#8221;). Total capital resources were $2.1&#160;billion and $2.4&#160;billion as of March&#160;31, 2020 and December&#160;31, 2019, respectively. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In addition to scheduled debt maturities, from time to time, we reduce unsecured debt through calls or repurchases. Also, MBIA Inc. may repurchase or National may purchase outstanding MBIA Inc. common shares when we deem it beneficial to our shareholders. Purchases or repurchases of debt and common stock may be made from time to time in the open market or in private transactions as permitted by securities laws and other legal requirements. We may also choose to redeem debt obligations where permitted by the relevant agreements. MBIA Inc. or National may acquire or redeem outstanding common shares of MBIA Inc. and outstanding debt obligations at prices when we deem it beneficial to our shareholders. </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">67</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: justify; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; font-weight: bold; letter-spacing: 0px; top: 0px;;display:inline;">Item 2. Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations</div> </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; font-weight: bold; letter-spacing: 0px; top: 0px;;display:inline;">CAPITAL RESOURCES </div>(continued) </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">MBIA Inc. supports the MTN and investment agreement obligations issued by the Company. We seek to maintain sufficient liquidity and capital resources to meet the Company&#8217;s general corporate needs and debt service. Based on MBIA Inc.&#8217;s debt service requirements and expected operating expenses, we expect that MBIA Inc. will have sufficient resources to satisfy its debt obligations and its general corporate needs over time from distributions from its operating subsidiaries; however, there can be no assurance that MBIA Inc. will have sufficient resources to do so. In addition, the Company may also consider raising third-party capital. Refer to &#8220;Capital, Liquidity and Market Related Risk Factors&#8221; in Part I, Item 1A of Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">10-K</div> for the year ended December&#160;31, 2019 and the &#8220;Liquidity&#8212;Corporate Liquidity&#8221; section included herein for additional information about MBIA Inc.&#8217;s liquidity.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Equity securities </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Inc.&#8217;s and National&#8217;s share purchases or repurchases that were authorized under our share repurchase program for the three months ended March&#160;31, 2020 and 2019 are presented in the following table: </div></div>
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<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions except per share amounts </div></div></div> </td>
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<td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Three&#160;Months&#160;Ended&#160;March&#160;31, </div></div></div> </td>
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<td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
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<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2020 </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
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<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2019 </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Number of shares purchased or repurchased </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.1 </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.5 </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Average price paid per share </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.99 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.94 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Remaining authorization as of March&#160;31 </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">36 </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">198 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Insurance Statutory Capital </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">National and MBIA Insurance Corporation are incorporated and licensed in, and are subject to primary insurance regulation and supervision by New York State Department of Financial Services (&#8220;NYSDFS&#8221;). MBIA Mexico is regulated by the Comisi&#243;n Nacional de Seguros y Fianzas in Mexico. MBIA Corp.&#8217;s Spanish Branch is subject to local regulation in Spain. National and MBIA Insurance Corporation each are required to file detailed annual financial statements, as well as interim financial statements, with the NYSDFS and similar supervisory agencies in each of the other jurisdictions in which it is licensed. These financial statements are prepared in accordance with New York State and the National Association of Insurance Commissioners&#8217; statements of U.S. STAT and assist our regulators in evaluating minimum standards of solvency, including minimum capital requirements, and business conduct. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">National </div></div></div> <div style="text-align: left; text-indent: 0%; font-family: Arial; font-size: 10pt; text-decoration: none; margin-top: 18pt; margin-bottom: 0px; margin-left: 0%;"><div style="text-decoration:underline;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Capital and Surplus </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">National had statutory capital of $2.1&#160;billion as of March&#160;31, 2020 compared with $2.4&#160;billion as of December&#160;31, 2019. As of March&#160;31, 2020, National&#8217;s unassigned surplus was $1.0&#160;billion. For the three months ended March&#160;31, 2020, National had a statutory loss of $80&#160;million. Refer to the &#8220;Claims-Paying Resources (Statutory Basis)&#8221; section below for additional information on National&#8217;s statutory capital. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In order to maintain its New York State financial guarantee insurance license, National is required to maintain a minimum of $65&#160;million of policyholders&#8217; surplus. National is also required to maintain contingency reserves to provide protection to policyholders in the event of extreme losses in adverse economic events. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;">New York Insurance Law (&#8220;NYIL&#8221;) regulates the payment of dividends by financial guarantee insurance companies and provides that such companies may not declare or distribute dividends except out of statutory earned surplus. Under NYIL, the sum of (i)&#160;the amount of dividends declared or distributed during the preceding <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">12-month</div> period and (ii)&#160;the dividend to be declared may not exceed the lesser of (a) 10% of policyholders&#8217; surplus, as reported in the latest statutory financial statements or (b) 100% of adjusted net investment income for such <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">12-month</div> period (the net investment income for such <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">12-month</div> period plus the excess, if any, of net investment income over dividends declared or distributed during the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">two-year</div> period preceding such <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">12-month</div> period), unless the Superintendent of the NYSDFS approves a greater dividend distribution based upon a finding that the insurer will retain sufficient surplus to support its obligations.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;">National had positive earned surplus as of March&#160;31, 2020 from which it may pay dividends, subject to the limitations described above. We expect the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">as-of-right</div> declared and paid dividend amounts from National to be limited to prior year adjusted net investment income for the foreseeable future.</div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">68</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: justify; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; font-weight: bold; letter-spacing: 0px; top: 0px;;display:inline;">Item 2. Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations</div> </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; font-weight: bold; letter-spacing: 0px; top: 0px;;display:inline;">CAPITAL RESOURCES </div>(continued) </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; text-indent: 0%; font-family: Arial; font-size: 10pt; text-decoration: none; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0%;"><div style="text-decoration:underline;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Claims-Paying Resources (Statutory Basis) </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">CPR is a key measure of the resources available to National to pay claims under its insurance policies. CPR consists of total financial resources and reserves calculated on a statutory basis. CPR has been a common measure used by financial guarantee insurance companies to report and compare resources and continues to be used by MBIA&#8217;s management to evaluate changes in such resources. We have provided CPR to allow investors and analysts to evaluate National using the same measure that MBIA&#8217;s management uses to evaluate National&#8217;s resources to pay claims under its insurance policies. There is no directly comparable GAAP measure. Our calculation of CPR may differ from the calculation of CPR reported by other companies. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">National&#8217;s CPR and components thereto, as of March&#160;31, 2020 and December&#160;31, 2019 are presented in the following table: </div></div>
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<td colspan="2" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">As&#160;of&#160;March&#160;31, </div></div></div> </td>
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<td colspan="2" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">As&#160;of&#160;December&#160;31, </div></div></div> </td>
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<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions </div></div></div> </td>
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<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2020 </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2019 </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Policyholders&#8217; surplus </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,618 </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,891 </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Contingency reserves </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">481 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">485 </div></div> </td>
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<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Statutory capital </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,099 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,376 </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Unearned premiums </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">399 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">411 </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Present value of installment premiums<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (1)</div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">132 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">139 </div></div> </td>
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<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Premium resources<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (2)</div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">531 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">550 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net loss and LAE reserves<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (1)</div></div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(42) </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(169) </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Salvage reserves<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (1)</div></div></div> </td>
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<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Gross loss and LAE reserves </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">620 </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total claims-paying resources </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,333 </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,546 </div></div> </td>
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<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: center;"> <div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; margin-left: 8%; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> </div> <div style="text-align: left; text-indent: 0%; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 8%;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1)&#160;-&#160;Calculated using a discount rate of 3.64% as of March&#160;31, 2020 and December&#160;31, 2019. </div></div> <div style="text-align: left; text-indent: 0%; font-family: Arial; font-size: 8pt; margin-top: 6pt; margin-bottom: 0px; margin-left: 8%;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2)&#160;-&#160;Includes financial guarantee and insured derivative related premiums. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Insurance Corporation </div></div></div> <div style="text-align: left; text-indent: 0%; font-family: Arial; font-size: 10pt; text-decoration: none; margin-top: 6pt; margin-bottom: 0px; margin-left: 0%;"><div style="text-decoration:underline;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Capital and Surplus </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Insurance Corporation had statutory capital of $382&#160;million as of March&#160;31, 2020 compared with $476&#160;million as of December&#160;31, 2019. As of March&#160;31, 2020, MBIA Insurance Corporation&#8217;s negative unassigned surplus was $1.8&#160;billion. For the three months ended March&#160;31, 2020, MBIA Insurance Corporation had a statutory net loss of $91&#160;million. Refer to the &#8220;Claims-Paying Resources (Statutory Basis)&#8221; section below for additional information on MBIA Insurance Corporation&#8217;s statutory capital. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;">As of March&#160;31, 2020, MBIA Insurance Corporation recognized estimated recoveries on a statutory basis related to <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">put-back</div> claims against Credit Suisse, excess spread recoveries on RMBS and recoveries related to CDOs. There can be no assurance that we will be successful or that we will not be delayed in realizing these recoveries. Refer to &#8220;Note 5: Loss and Loss Adjustment Expense Reserves&#8221; in the Notes to Consolidated Financial Statements for additional information about these recoveries.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In order to maintain its New York State financial guarantee insurance license, MBIA Insurance Corporation is required to maintain a minimum of $65&#160;million of policyholders&#8217; surplus. As of March&#160;31, 2020, MBIA Corp. met the required minimum requirement. Under NYIL, MBIA Insurance Corporation is required to invest its minimum surplus and contingency reserves and 50% of its loss reserves and unearned premium reserves in certain qualifying assets. As of March&#160;31, 2020, MBIA Insurance Corporation maintained its minimum requirement of policyholders&#8217; surplus but did not have enough qualifying assets to support its contingency reserves and 50% of its loss reserves and unearned premium reserves. As of March&#160;31, 2020, MBIA Insurance Corporation was in compliance with its aggregate risk limits under the NYIL, but was not in compliance with certain of its single risk limits. If MBIA Insurance Corporation does not comply with the above mentioned requirements, the NYSDFS may prevent MBIA Insurance Corporation from transacting any new financial guarantee insurance business until it no longer exceeds the limitations. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Due to its significant earned surplus deficit, MBIA Insurance Corporation has not had the statutory capacity to pay dividends since December&#160;31, 2009. Based on estimated future income, MBIA Insurance Corporation is not expected to have any statutory capacity to pay dividends. </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">69</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: justify; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; font-weight: bold; letter-spacing: 0px; top: 0px;;display:inline;">Item 2. Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations</div> </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">CAPITAL RESOURCES (continued) </div></div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">The NYSDFS has not approved MBIA Insurance Corporation&#8217;s requests to make interest payments on MBIA Insurance Corporation&#8217;s 14% <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Fixed-to-Floating</div> Rate Surplus Notes due January&#160;15, 2033 (the &#8220;Surplus Notes&#8221;) since, and including, the January&#160;15, 2013 interest payment. The NYSDFS has cited both MBIA Insurance Corporation&#8217;s liquidity and financial condition as well as the availability of &#8220;free and divisible surplus&#8221; as the basis for such <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-approvals.</div> As of April&#160;15, 2020, the most recent scheduled interest payment date, there was $919&#160;million of unpaid interest on the par amount outstanding of $953&#160;million of the Surplus Notes. Under Section&#160;1307 of the NYIL and the Fiscal Agency Agreement governing the surplus notes, Surplus Note payments may be made only with the prior approval by the NYSDFS and if MBIA Insurance Corporation has sufficient &#8220;Eligible Surplus&#8221;, or as we believe, &#8220;free and divisible surplus&#8221; as an appropriate calculation of &#8220;Eligible Surplus.&#8221; As of March&#160;31, 2020, MBIA Insurance Corporation had &#8220;free and divisible surplus&#8221; of $188&#160;million. There is no assurance the NYSDFS will approve Surplus Note payments, notwithstanding the sufficiency of MBIA Insurance Corporation&#8217;s liquidity and financial condition. The unpaid interest on the Surplus Notes will become due on the first business day on or after which MBIA Insurance Corporation obtains approval to pay some or all of such unpaid interest. No interest has been accrued or will accrue on the deferred interest.</div> <div style="text-align: left; text-indent: 0%; font-family: Arial; font-size: 10pt; text-decoration: none; margin-top: 12pt; margin-bottom: 0px; margin-left: 0%;"><div style="text-decoration:underline;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Claims-Paying Resources (Statutory Basis) </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">CPR is a key measure of the resources available to MBIA Corp. to pay claims under its insurance policies. CPR consists of total financial resources and reserves calculated on a statutory basis. CPR has been a common measure used by financial guarantee insurance companies to report and compare resources, and continues to be used by MBIA&#8217;s management to evaluate changes in such resources. We have provided CPR to allow investors and analysts to evaluate MBIA Corp., using the same measure that MBIA&#8217;s management uses to evaluate MBIA Corp.&#8217;s resources to pay claims under its insurance policies. There is no directly comparable GAAP measure. Our calculation of CPR may differ from the calculation of CPR reported by other companies. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Corp.&#8217;s CPR and components thereto, as of March&#160;31, 2020 and December&#160;31, 2019 are presented in the following table: </div></div>
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<td colspan="2" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">As&#160;of&#160;March&#160;31, </div></div></div> </td>
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<td colspan="2" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">As&#160;of&#160;December&#160;31, </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
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<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions </div></div></div> </td>
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<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2020 </div></div></div> </td>
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<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2019 </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Policyholders&#8217; surplus </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">206 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">282 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Contingency reserves </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">176 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">194 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Statutory capital </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">382 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">476 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Unearned premiums </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">84 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">93 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Present value of installment premiums<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (1) (4)</div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">86 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">92 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Premium resources<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (2)</div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">170 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">185 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net loss and LAE reserves<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (1)</div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(582) </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(669) </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Salvage reserves<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (1) (3)</div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,121 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,247 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Gross loss and LAE reserves </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">539 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">578 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total claims-paying resources </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,091 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,239 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: center;"> <div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; margin-left: 8%; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> </div> <div style="text-align: left; text-indent: 0%; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 8%;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1) - Calculated using a discount rate of 5.21% as of March&#160;31, 2020 and December&#160;31, 2019. </div></div> <div style="text-align: left; text-indent: 0%; font-family: Arial; font-size: 8pt; margin-top: 6pt; margin-bottom: 0px; margin-left: 8%;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2) - Includes financial guarantee and insured credit derivative related premiums. </div></div> <div style="text-align: left; text-indent: 0%; font-family: Arial; font-size: 8pt; margin-top: 6pt; margin-bottom: 0px; margin-left: 8%;">(3) - This amount primarily consists of expected recoveries related to the Company&#8217;s CDOs, excess spread and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">put-backs. </div></div> <div style="text-align: left; text-indent: 0%; font-family: Arial; font-size: 8pt; margin-top: 6pt; margin-bottom: 0px; margin-left: 8%;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(4) - Based on the Company&#8217;s estimate of the remaining life for its insured exposures. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">LIQUIDITY </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">We use a liquidity risk management framework, the primary objective of which is to match liquidity resources to needs. We monitor our cash and liquid asset resources using cash forecasting and stress-scenario testing. Members of MBIA&#8217;s senior management meet regularly to review liquidity metrics, discuss contingency plans and establish target liquidity levels. We evaluate and manage liquidity on a legal-entity basis to take into account the legal, regulatory and other limitations on available liquidity resources within the enterprise. Additionally, we continue to monitor the current <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19 </div> pandemic with respect to our cash and liquid asset positions and resources. It remains premature to predict the full impact the pandemic may have on our future liquidity position and needs. Refer to the &#8221;Executive Overview &#8212; COVID-19&#8221; section for additional information about liquidity and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19.</div> The following is a discussion of our liquidity resources and requirements for our holding company and our insurance subsidiaries.</div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">70</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: justify; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; font-weight: bold; letter-spacing: 0px; top: 0px;;display:inline;">Item 2. Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations</div> </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">LIQUIDITY (continued) </div></div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">National Liquidity </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The primary sources of cash available to National are: </div></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
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<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">principal and interest receipts on assets held in its investment portfolio, including proceeds from the sale of assets;</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
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<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">recoveries associated with insurance loss payments; and</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
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<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">installment premiums.</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The primary uses of cash by National are: </div></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
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<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">loss payments and LAE on insured transactions;</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
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<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">payments of dividends; and</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
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<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">payments of operating expenses, taxes and investment portfolio asset purchases.</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of March&#160;31, 2020 and December&#160;31, 2019, National held cash and investments of $2.5&#160;billion and $2.7&#160;billion, respectively, of which $399&#160;million and $442&#160;million, respectively, were cash and cash equivalents or short-term investments comprised of highly rated commercial paper, money market funds and municipal, U.S. agency and corporate bonds. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The insurance policies issued or reinsured by National provide unconditional and irrevocable guarantees of payments of the principal of, and interest or other amounts owing on, insured obligations when due. In the event of a default in payment of principal, interest or other insured amounts by an issuer, National generally promises to make funds available in the insured amount within one to three business days following notification. In some cases, the amount due can be substantial, particularly if the default occurs on a transaction to which National has a large notional exposure or on a transaction structured with large, bullet-type principal maturities. The U.S. public finance insurance segment&#8217;s financial guarantee contracts generally cannot be accelerated by a party other than the insurer which helps to mitigate liquidity risk in this segment. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Corporate Liquidity </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The primary sources of cash available to MBIA Inc. are: </div></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
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<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">dividends from National;</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
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<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">available cash and liquid assets not subject to collateral posting requirements;</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
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<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">principal and interest receipts on assets held in its investment portfolio, including proceeds from the sale of assets;</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
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<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">release of funds under the tax sharing agreement; and</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
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<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">access to capital markets.</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The primary uses of cash by MBIA Inc. are: </div></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
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<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">servicing outstanding unsecured corporate debt obligations and MTNs;</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
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<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">meeting collateral posting requirements under investment agreements and derivative arrangements;</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
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<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">payments related to interest rate swaps;</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
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<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">payments of operating expenses; and</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
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<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">funding share repurchases and debt buybacks.</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of March&#160;31, 2020 and December&#160;31, 2019, the liquidity positions of MBIA Inc. were $314&#160;million and $375&#160;million, respectively, and included cash and cash equivalents and other investments comprised of highly rated commercial paper and U.S. government and asset-backed bonds. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;">During the three months ended March&#160;31, 2020, $33&#160;million was returned to National as a result of losses incurred in 2019, of which $9&#160;million was in cash. The return was pursuant to the terms of the tax sharing agreement following the expiration of National&#8217;s <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">two-year</div> NOL carry-back period under U.S. tax rules. Under the CARES Act, National&#8217;s 2019 taxable loss is subject to a five-year NOL carry-back, which allows it to recover taxes paid in years in which the tax rate was 35%. Similarly, a taxable loss generated in 2020 will be subject to a five-year NOL carry-back under the CARES Act, after which the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">two-year</div> NOL carry-back provision will again become effective. In addition to releases or returns following the expiration of National&#8217;s NOL carry-back period, from time to time, MBIA Inc. is permitted to withdraw assets from the Tax Escrow Account if the aggregate market value of all assets held in the Tax Escrow Account exceeds the required minimum balance. There can be no assurance that any future payments under the Tax Escrow Account from subsidiaries will be released to MBIA Inc. due to deductible or creditable tax attributes of those subsidiaries and/or the market value performance of the assets supporting the Tax Escrow Account.</div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">71</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: justify; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; font-weight: bold; letter-spacing: 0px; top: 0px;;display:inline;">Item 2. Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations</div> </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">LIQUIDITY (continued) </div></div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Based on our projections of National&#8217;s and MBIA Corp.&#8217;s future earnings and losses, we expect that for the foreseeable future National will be the primary source of payments to MBIA Inc. There can be no assurance as to the amount and timing of any such future dividends or payments from the tax escrow account under the tax sharing agreement. Also, absent a special dividend subject to the approval of the NYSDFS, we expect the declared and paid dividend amounts from National to be limited to the prior twelve months of adjusted net investment income as reported in its most recent statutory filings. Refer to the &#8220;Capital Resources &#8211; Insurance Statutory Capital&#8221; section for additional information on payments of dividends. We do not expect MBIA Inc. to receive distributions from MBIA Corp. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Currently, a significant portion of the cash and securities held by MBIA Inc. is pledged against investment agreement liabilities, the Asset Swap (simultaneous repurchase and reverse repurchase agreement) and derivatives, which limits its ability to raise liquidity through asset sales. As the market value or rating eligibility of the assets which are pledged against MBIA Inc.&#8217;s obligations declines, we are required to pledge additional eligible assets in order to meet minimum required collateral amounts against these liabilities. To mitigate these risks, we seek to maintain cash and liquidity resources that we believe will be sufficient to make all payments due on our obligations and to meet other financial requirements, such as posting collateral. Contingent liquidity resources include: (1)&#160;sales of invested assets exposed to credit spread stress risk, which may occur at losses; (2)&#160;termination and settlement of interest rate swap agreements; and (3)&#160;accessing the capital markets. These actions, if taken, are expected to result in either additional liquidity or reduced exposure to adverse credit spread movements. There can be no assurance that these actions will be sufficient to fully mitigate this risk. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Corp. Liquidity </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The primary sources of cash available to MBIA Corp. are: </div></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
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<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">recoveries associated with insurance loss payments;</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
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<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">installment premiums and fees; and</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
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<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">principal and interest receipts on assets held in its investment portfolio, including the proceeds from the sale of assets.</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The primary uses of cash by MBIA Corp. are: </div></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
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<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">loss and LAE or commutation payments on insured transactions;</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
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<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">repayment of the Refinanced Facility; and</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="margin-top: 6pt; margin-bottom: 0px;"></div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px; table-layout: fixed;">
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<td style="width: 3%; vertical-align: top;">&#8226;</td>
<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">payments of operating expenses.</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of March&#160;31, 2020 and December&#160;31, 2019, MBIA Corp. held cash and investments of $221&#160;million and $230&#160;million, respectively, of which $120&#160;million and $124&#160;million, respectively, were cash and cash equivalents or liquid investments comprised of money market funds and municipal, U.S. Treasury and corporate bonds that were immediately available to MBIA Insurance Corporation. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Insured transactions that require payment of scheduled debt service payments insured when due or payment in full of the principal insured at maturity could present liquidity risk for MBIA Corp., as any salvage recoveries from such payments could be recovered over an extended period of time after the payment is made. MBIA Corp. is generally required to satisfy claims within one to three business days, and as a result seeks to identify potential claims in advance through our monitoring process. In order to monitor liquidity risk and maintain appropriate liquidity resources, we use the same methodology as we use to monitor credit quality and losses within our insured portfolio, including stress scenarios. Refer to &#8220;Note 5: Loss and Loss Adjustment Expense Reserves&#8221; in the Notes to Consolidated Financial Statements for a discussion of our loss process. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">During the three months ended March&#160;31, 2020, MBIA Corp. requested and was denied permission by the NYSDFS to prepay approximately $26&#160;million of the Refinanced Facility. </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">72</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: justify; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; font-weight: bold; letter-spacing: 0px; top: 0px;;display:inline;">Item 2. Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations</div> </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">LIQUIDITY (continued) </div></div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Consolidated Cash Flows </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Information about our consolidated cash flows by category is presented on our consolidated statements of cash flows. The following table presents a summary of our consolidated cash flows for the three months ended March&#160;31, 2020 and 2019: </div></div>
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<td colspan="7" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Three&#160;Months&#160;Ended&#160;March&#160;31, </div></div></div> </td>
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<td colspan="3" style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
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<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions </div></div></div> </td>
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<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2020 </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2019 </div></div></div> </td>
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<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Percent&#160;Change </div></div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Statement of cash flow data: </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net cash provided (used) by: </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Operating activities </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(82</div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investing activities </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">610 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">128 </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">n/m </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financing activities </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(175</div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">125% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Cash and cash equivalents - beginning of period </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">83 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">280 </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-70% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
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<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Cash and cash equivalents - end of period </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">217 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">163 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">33% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: center;"> <div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> </div> <div style="text-align: left; text-indent: 0%; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">n/m - Percent change not meaningful. </div></div> <div style="text-align: left; text-indent: 0%; font-family: Arial; font-size: 10pt; margin-top: 18pt; margin-bottom: 0px; margin-left: 0%;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Operating activities </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net cash used by operating activities increased for the three months ended March&#160;31, 2020 compared with the same period of 2019 primarily due to a decrease in proceeds from recoveries and reinsurance of $50&#160;million, partially offset by decreases in interest paid, net of interest converted to principal of $23&#160;million, and losses and LAE paid of $20&#160;million. </div></div> <div style="text-align: left; text-indent: 0%; font-family: Arial; font-size: 10pt; margin-top: 18pt; margin-bottom: 0px; margin-left: 0%;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investing activities </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">Net cash provided by investing activities increased for the three months ended March&#160;31, 2020 compared with the same period of 2019 primarily due to increases in proceeds from short-term investment activity of $332&#160;million and repayments of <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">held-to-maturity</div> investments of $315&#160;million, partially offset by decreases in sales of investments of $88&#160;million and repayments and maturities of loans receivable of $72&#160;million.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financing activities </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net cash used by financing activities increased for the three months ended March&#160;31, 2020 compared with the same period of 2019 primarily due to increases in principal repayments of VIE notes of $155&#160;million and purchases of treasury stock of $52&#160;million. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following discussion of investments, including references to consolidated investments, excludes investments reported under &#8220;Assets of consolidated variable interest entities&#8221; on our consolidated balance sheets. 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Refer to &#8220;Note 7: Investments&#8221; in the Notes to Consolidated Financial Statements for detailed discussion about our investments. </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">73</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: justify; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; font-weight: bold; letter-spacing: 0px; top: 0px;;display:inline;">Item 2. Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations</div> </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">LIQUIDITY (continued) </div></div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents our investment portfolio as of March&#160;31, 2020 and December 31, 2019: </div></div>
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<td style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">As&#160;of&#160;March&#160;31, </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">As&#160;of&#160;December&#160;31, </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Percent </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
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<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions </div></div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2020 </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2019 </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Change </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Available-for-sale</div> investments:<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(1)</div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">U.S. public finance insurance: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortized cost </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,976 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,051 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-4% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Unrealized net gain (loss) </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">51 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">40 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">28% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
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<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Fair value </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,027 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,091 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Corporate: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortized cost </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">631 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">759 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-17% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Unrealized net gain (loss) </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">99 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">63 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">57% </div></div> </td>
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<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
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<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
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<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
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<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Fair value </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">730 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">822 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-11% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">International and structured finance insurance: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortized cost </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">164 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">174 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-6% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Unrealized net gain (loss) </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-17% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Fair value </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">174 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">186 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-6% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;">Total <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">available-for-sale</div> investments:</div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortized cost </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,771 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,984 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-7% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Unrealized net gain (loss) </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">160 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">115 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">39% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;">Total <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">available-for-sale</div> investments at fair value</div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,931 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,099 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-5% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments carried at fair value:<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(2)</div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">U.S. public finance insurance </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">159 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">260 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-39% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Corporate </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">48 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">79 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-39% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">International and structured finance insurance </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">24 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-38% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total investments carried at fair value </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">222 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">363 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-39% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Consolidated investments at carrying value </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,153 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,462 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-9% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
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<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: center;"> <div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; margin-left: 7%; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> </div> <div style="text-align: left; text-indent: 0%; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 8%;">(1) - <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Non-credit</div> related unrealized gains and losses, net of applicable deferred income taxes, are reflected in accumulated other comprehensive income in shareholders&#8217; equity. The credit related component is reported in earnings.</div> <div style="text-align: left; text-indent: 0%; font-family: Arial; font-size: 8pt; margin-top: 6pt; margin-bottom: 0px; margin-left: 8%;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2) - Changes in fair value and realized gains and losses from the sale of these investments are reflected in net income. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;">The fair value of the Company&#8217;s investments is based on prices which include quoted prices in active markets and prices based on market-based inputs that are either directly or indirectly observable, as well as prices from dealers in relevant markets. Differences between fair value and amortized cost arise primarily as a result of changes in interest rates and general market credit spreads occurring after a fixed-income security is purchased, although other factors may also influence fair value, including specific credit-related changes, supply and demand forces and other market factors. When the Company holds an AFS investment to maturity, any <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-credit</div> related unrealized gain or loss currently recorded in accumulated other comprehensive income (loss) in the shareholders&#8217; equity section of the balance sheet is reversed. As a result, the Company would realize a value substantially equal to amortized cost. However, when investments are sold prior to maturity, the Company will realize any difference between amortized cost and the sale price of an investment as a realized gain or loss within its consolidated statements of operations.</div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">74</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: justify; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; font-weight: bold; letter-spacing: 0px; top: 0px;;display:inline;">Item 2</div>. <div style="font-style: normal; font-weight: bold; letter-spacing: 0px; top: 0px;;display:inline;">Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations</div></div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; font-weight: bold; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style: normal; font-weight: bold; letter-spacing: 0px; top: 0px;;display:inline;">LIQUIDITY</div> </div> (continued) </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Credit Quality </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The credit quality distribution of the Company&#8217;s AFS fixed-maturity investment portfolios, excluding short-term investments, are based on ratings from Moody&#8217;s and alternate ratings sources, such as S&amp;P or the best estimate of the ratings assigned by the Company, have been used for a small percentage of securities that are not rated by Moody&#8217;s. As of March&#160;31, 2020, the weighted average credit quality ratings and percentage of investment grade of the Company&#8217;s AFS fixed-maturity investment portfolios, excluding short-term investments, are presented in the following table: </div></div>
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<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
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<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">International </div></div></div> </td>
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<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
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<td style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">U.S.&#160;Public </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">and&#160;Structured </div></div></div> </td>
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<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
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<td style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
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<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Finance </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
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<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Finance </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
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<td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
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<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Insurance </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Corporate </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Insurance </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Total </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Weighted average credit quality ratings </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Aa </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Aa </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Aa </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Aa </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investment grade percentage </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">97% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">99% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">94% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98% </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Insured Investments </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA&#8217;s consolidated investment portfolio includes investments that are insured by various financial guarantee insurers (&#8220;Insured Investments&#8221;), including investments insured by National and MBIA Corp. (&#8220;Company-Insured Investments&#8221;). When purchasing Insured Investments, the Company&#8217;s third-party portfolio manager independently assesses the underlying credit quality, structure and liquidity of each investment, in addition to the creditworthiness of the insurer. Insured Investments are diverse by sector, issuer and size of holding. The third-party portfolio manager assigns underlying ratings to Insured Investments without giving effect to financial guarantees based on underlying ratings assigned by Moody&#8217;s or S&amp;P, when a rating is not published by Moody&#8217;s. When a Moody&#8217;s or S&amp;P underlying rating is not available, the underlying rating is based on the portfolio manager&#8217;s best estimate of the rating of such investment. A downgrade of a financial guarantee insurer has historically had an adverse effect on the fair value of investments insured by the downgraded financial guarantee insurer. If the Company determines that declines in the fair values of Insured Investments are related to credit loss, the Company will establish an allowance for credit losses and recognize the credit component through earnings. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of March&#160;31, 2020, Insured Investments at fair value represented $241&#160;million or 8% of consolidated investments, of which $216&#160;million or 7% of consolidated investments were Company-Insured Investments. As of March&#160;31, 2020, based on the actual or estimated underlying ratings of our consolidated investment portfolio, without giving effect to financial guarantees, the weighted average rating of only the Insured Investments in the investment portfolio would be in the below investment grade range. Without giving effect to the National and MBIA Corp. guarantees of the Company-Insured Investments in the consolidated investment portfolio, as of March&#160;31, 2020, based on actual or estimated underlying ratings, the weighted average rating of the consolidated investment portfolio was in the Aa range. The weighted average rating of only the Company-Insured Investments was in the below investment grade range, and investments rated below investment grade in the Company-Insured Investments were 6% of the total consolidated investment portfolio. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Contractual Obligations </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">For a discussion of the Company&#8217;s contractual obligations, refer to &#8220;Liquidity-Contractual Obligations&#8221; in Part II, Item 7, &#8220;Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations&#8221; included in the Company&#8217;s Annual Report on Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">10-K</div> for the year ended December&#160;31, 2019. There were no material changes in contractual obligations since December&#160;31, 2019.</div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">75</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div id="toc893688_23" style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; font-weight: bold; letter-spacing: 0px; top: 0px;;display:inline;">Item&#160;3. Quantitative and Qualitative Disclosures About Market Risk</div> </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The Company&#8217;s market risk exposures relate to changes in interest rates, foreign exchange rates and credit spreads that affect the fair value of its financial instruments, primarily investment securities, MTNs and investment agreement liabilities. The Company&#8217;s investments are primarily U.S. dollar-denominated fixed-income securities including municipal bonds, U.S. government bonds, corporate bonds, MBS and asset-backed securities. In periods of rising and/or volatile interest rates, foreign exchange rates and credit spreads, profitability could be adversely affected should the Company have to liquidate these securities. The Company minimizes its exposure to interest rate risk, foreign exchange risk and credit spread movement through active portfolio management to ensure a proper mix of the types of securities held and to stagger the maturities of its fixed-income securities. The following tables present updates in our market risk relating to interest rates and credit spreads. There were no material changes in market risk since December&#160;31, 2019 related to foreign exchange rates. For a discussion of our quantitative and qualitative disclosures about market risk related to foreign exchange rates, refer to Part II, Item 7A, &#8220;Quantitative and Qualitative Disclosures About Market Risk&#8221; included in the Company&#8217;s Annual Report on Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">10-K</div> for the year ended December&#160;31, 2019.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">INTEREST RATE SENSITIVITY </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">Interest rate sensitivity can be estimated by projecting a hypothetical instantaneous increase or decrease in interest rates. The following table presents the estimated <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">pre-tax</div> change in fair value of the Company&#8217;s financial instruments as of March&#160;31, 2020 from instantaneous shifts in interest rates:</div>
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<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="23" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Change in Interest Rates </div></div></div> </td> </tr>
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<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">300&#160;Basis </div></div></div> </td>
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<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">200&#160;Basis</div></div></div> </td>
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<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">100&#160;Basis </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">100&#160;Basis </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">200&#160;Basis </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">300&#160;Basis </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
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<td style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Point </div></div></div> </td>
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<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Point </div></div></div> </td>
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<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Point </div></div></div> </td>
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<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Point </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Point </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
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<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions </div></div></div> </td>
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<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Decrease </div></div></div> </td>
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<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Decrease </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Decrease </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Increase </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Increase </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Increase </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Estimated change in fair value </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">319 </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">177 </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(157</div></div> </td>
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<td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="10" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Change in Credit Spreads </div></div></div> </td>
<td style="padding-bottom: 0.5pt; font-family: Arial;">&#160;</td> </tr>
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<td colspan="2" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">50 Basis </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
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<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
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<td colspan="2" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">200&#160;Basis </div></div></div> </td>
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<td style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Point </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Point </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Point </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
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<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions </div></div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Decrease </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Increase </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Increase </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Estimated change in fair value </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">26 </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(24) </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(73) </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div id="toc893688_24" style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Item&#160;4. Controls and Procedures </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">As of the end of the period covered by this report, an evaluation of the effectiveness of the design and operation of the Company&#8217;s disclosure controls and procedures (as such term is defined in Rules <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">13a-15(e)</div> and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">15(d)-15(e)</div> under the Securities Exchange Act of 1934) was performed under the supervision and with the participation of the Company&#8217;s senior management, including the Chief Executive Officer and the Chief Financial Officer. Based on that evaluation, the Company&#8217;s management, including the Chief Executive Officer and the Chief Financial Officer, concluded that the Company&#8217;s disclosure controls and procedures were effective as of the end of the period covered by this report. In addition, there have not been any changes in the Company&#8217;s internal control over financial reporting (as such term is defined in Rules <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">13a-15(f)</div> and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">15d-15(f)</div> under the Securities Exchange Act of 1934) during the fiscal quarter to which this report relates that have materially affected, or are likely to materially affect, the Company&#8217;s internal control over financial reporting.</div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">76</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div id="toc893688_25" style="text-align: center; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">PART II &#8211; OTHER INFORMATION </div></div></div> <div id="toc893688_26" style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Item&#160;1. Legal Proceedings </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For a discussion of the Company&#8217;s litigation and related matters, see &#8220;Note 13: Commitments and Contingencies&#8221; in the Notes to Consolidated Financial Statements of MBIA Inc. and Subsidiaries in Part I, Item 1. In the normal course of operating its businesses, MBIA Inc. may be involved in various legal proceedings. As a courtesy, the Company posts on its website under the section &#8220;Legal Proceedings,&#8221; selected information and documents in reference to selected legal proceedings in which the Company is the plaintiff or the defendant. The Company will not necessarily post all documents for each proceeding and undertakes no obligation to revise or update them to reflect changes in events or expectations. The complete official court docket can be publicly accessed by contacting the clerk&#8217;s office of the respective court where each litigation is pending. </div></div> <div id="toc893688_27" style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Item&#160;1A. Risk Factors </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The following should be read in conjunction with and supplements the risk factors described under Part I, Item 1A, &#8220;Risk Factors&#8221; of the Company&#8217;s Annual Report on Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">10-K</div> for the year ended December&#160;31, 2019.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; text-decoration: none; margin-top: 18pt; margin-bottom: 0px;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Insured Portfolio Loss Related Risk Factors </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Some of the state, local and territorial governments and finance authorities and other providers of public services, located in the U.S. or abroad, that issue public finance obligations we insure are experiencing fiscal stress that could result in increased credit losses or impairments on those obligations </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Certain issuers are reporting fiscal stress that has resulted in a significant increase in taxes and/or a reduction in spending or other measures in efforts to satisfy their financial obligations. In particular, certain jurisdictions have significantly underfunded pension liabilities which are placing additional stress on their finances and are particularly challenging to restructure either through negotiation or under Chapter 9 of the United States Bankruptcy Code. If the issuers of the obligations in our public finance portfolio are unable to raise taxes, or increase other revenues, cut spending, reduce liabilities, and/or receive state or federal assistance, we may experience losses or impairments on those obligations, which could materially and adversely affect our business, financial condition and results of operations. The financial stress experienced by certain municipal issuers could result in the filing of Chapter 9 proceedings in states where municipal issuers are permitted to seek bankruptcy protection. In these proceedings, which remain rare, the resolution of bondholder claims (and by extension, those of bond insurers) may be subject to legal challenge by other creditors. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;">On June&#160;30, 2016, after passage by the United States Congress, the President of the United States signed into law&#160;the Puerto Rico&#160;Oversight, Management and Economic Stability Act (&#8220;PROMESA&#8221;). PROMESA provides a statutory framework for the creation of an independent oversight board (&#8220;the &#8220;Oversight Board&#8221;) with powers relating to, among other things, the development and implementation of fiscal plans for Puerto Rico, as well as collective action and judicial processes&#8212;separate from the Federal Bankruptcy Code&#8212;by which Puerto Rico may restructure its debt on a consensual or <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-consensual</div> basis.&#160;</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On May&#160;3, 2017, the Oversight Board certified and filed a bankruptcy-like petition under Title III of PROMESA for Puerto Rico with the District Court of Puerto Rico thereby commencing a bankruptcy-like case for Puerto Rico. Under a separate petition, the Oversight Board also commenced a Title III proceeding for Puerto Rico Sales Tax Financing Corporation (&#8220;COFINA&#8221;) on May&#160;5, 2017. Subsequently, the Oversight Board also certified and filed voluntary petitions under Title III of PROMESA for several municipalities, including the Puerto Rico Highway and Transportation Authority (&#8220;PRHTA&#8221;), the Puerto Rico Electric Power Authority (&#8220;PREPA&#8221;) and Public Buildings Authority (&#8220;PBA&#8221;) on May&#160;21, 2017, July&#160;2, 2017 and September&#160;27, 2019, respectively. On February&#160;4, 2019, the District Court for the District of Puerto Rico entered the order confirming the Third Amended Title III Plan of Adjustment for COFINA. The plan became effective on February&#160;12, 2019. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The extent and duration of any aid from the Federal Emergency Management Agency and other federal agencies that may be offered to Puerto Rico is inherently uncertain, and the necessary and greater involvement of the federal government, through its actions to deliver disaster relief and other support services, in addition to the role of the Oversight Board and the role of Puerto Rico in its own recovery, heightens political risk in connection with the restructuring of legacy debt. This risk could lead the Oversight Board, Puerto Rico or the federal government to seek to extract greater concessions from creditors based on the uncertainty of Puerto Rico&#8217;s long term recovery prospects. In this event, losses at National on select Puerto Rico exposures could increase materially. </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">77</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Item&#160;1A. Risk Factors (continued) </div></div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of March&#160;31, 2020, National had $3.3&#160;billion of debt service outstanding related to Puerto Rico. Puerto Rico may be unable or unwilling to pay their obligations as and when due, in which case National would be required to pay claims of unpaid principal and interest when due under its insurance policies, which could be material. On January&#160;1, 2020, Puerto Rico defaulted on scheduled debt service for certain National insured bonds and&#160;National paid gross claims in the aggregate of $59&#160;million as a result.&#160;While National will seek to recover any claim payments it makes under its guarantees, there is no assurance that it will be able to recover such payments. To the extent that its claims payments are ultimately substantially greater than its claims recoveries, National would experience losses on those obligations, which could materially and adversely affect our business, financial condition and results of operations. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;">On May&#160;3, 2019, PREPA, the Oversight Board, the AAFAF, the Ad Hoc Group of PREPA bondholders (the &#8220;Ad Hoc Group&#8221;), and Assured Guaranty Corp. and Assured Guaranty Municipal Corp. entered into a Definitive Restructuring Support Agreement which was amended on September&#160;9, 2019 to include National and Syncora Guarantee, Inc. as supporting parties (as amended, the &#8220;RSA&#8221;). The Rule 9019 hearing to approve the RSA has been delayed several times, and most recently was adjourned due to the coronavirus crisis until further notice. The Oversight Board and the Commonwealth must submit a status report to the Title III court on May&#160;15, 2020. The debt restructuring contemplated by the RSA will not be effective until (i)&#160;confirmation of a plan of adjustment under PROMESA, (ii)&#160;negotiation and consummation of definitive documentation and legal opinions, (iii)&#160;enactment and implementation of supportive Puerto Rico legislation and (iv)&#160;receipt of Puerto Rico regulatory approval, each of which outcome is uncertain and subject to varying degrees of risk. Refer to the &#8220;U.S. Public Finance Insurance Puerto Rico Exposures&#8221; section in Part I Financial Information, Item 2 of this Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">10-Q</div> for additional information on our Puerto Rico exposures.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; text-decoration: none; margin-top: 18pt; margin-bottom: 0px;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Legal, Regulatory and Other Risk Factors </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">The pandemic caused by the spread of <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19</div> could have an adverse impact on our financial condition and results of operations and other aspects of our business. </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The outbreak of the novel coronavirus <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19</div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">(&#8220;COVID-19&#8221;),</div> a respiratory disease caused by a new strain of coronavirus, was declared a pandemic by the World Health Organization in March of 2020 and has spread globally. The pandemic has caused significant economic turmoil in our country and abroad, and affected a wide range of economic activities, as well as domestic and global business and financial markets. We are closely monitoring developments related to the pandemic to assess its impact on our business. There is no assurance that global and domestic economic conditions will not continue to worsen, and at this time it is not possible to estimate the longer term impact that the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19</div> pandemic could have on our insured portfolios, or to account for the impact of the outbreak on most of the credits within those portfolios, investment portfolios, or general business operations. The extent of such impact will depend on future developments which are highly uncertain, including but not limited to the severity of the pandemic, and the effectiveness of financial and regulatory actions taken at the state and federal levels to contain or address its impact. While governmental and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-governmental</div> organizations are engaging in efforts to combat the spread and severity of the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19</div> pandemic and related public health issues, the effectiveness of such measures cannot be assured. We also cannot predict how political, legal and regulatory responses to the pandemic, such as the nature of and conditions to aid to states or municipalities, tax policy, or programs designed to assist impacted individuals, will impact our business.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;">Adverse impacts on macroeconomic factors resulting from the spread of <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19,</div> including without limitation reduced economic activity and certainty, increased unemployment, increased loan defaults or delinquencies, and increased stress on municipal budgets, including due to reduced tax revenues and the ability to raise taxes or limit spending, could materially and adversely affect the performance of our insured portfolio and our business, financial condition and results of operations. Specifically, such adverse effects could impact whether the individual municipal or structured finance credits we insure will be able to continue to meet their debt service obligations or avoid long term impairment, and could therefore result in an increase in defaults and on the amount of claims we will be obligated to pay on the related insurance policies. Such increases could cause us to revise our loss projections or other guidance we have previously provided. In particular, certain insured municipal credits, including those relating to the Commonwealth of Puerto Rico and its instrumentalities, could come under stress depending in part on the nature of the taxes, fees and revenues pledged to debt repayment and their sensitivity to the related slowdown in economic activity. Further, those structured finance policies in which the underlying principal obligations are comprised of residential or commercial mortgages and mortgage-backed securities, could be negatively affected by delays or failures of borrowers to make payments of principal and interest when due, or delays or moratoriums on foreclosures or enforcement actions with respect to delinquent or defaulted mortgages imposed by governmental authorities. These transactions are also subject to servicer risks, which relate to problems with the transaction&#8217;s servicer that could adversely impact performance of the underlying assets. Additionally, several of our credits, particularly within our international public finance sector, feature large, near term debt-service payments, and there can be no assurance that the liquidity position of MBIA Insurance Corporation will enable it to satisfy any claims that arise if the issuers of such credits are unable or unwilling to refinance or repay their obligations. Further, any national recession that may, result from the pandemic and its aftermath could, present additional but yet unknown credit risks to all of our insured portfolios.</div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">78</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Item&#160;1A. Risk Factors (continued) </div></div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Additionally, our liquidity position and our investment portfolios (and, specifically, the valuations of investment assets we hold) have been, and may continue to be, adversely affected as a result of market developments from the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19 </div> pandemic and uncertainty regarding its outcome. Changes in interest rates, reduced market liquidity or a continued slowdown in U.S. or global economic conditions may also adversely affect the values and cash flows of these assets or the investment portfolio yield and income. Further, extreme market volatility may impact our ability to efficiently and effectively react to market events. Market dislocations, decreases in observable market activity or unavailability of information, in each case, arising from the spread of <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19,</div> may restrict our access to key inputs used to derive certain estimates and assumptions made in connection with estimating the values of financial instruments within our financial reporting or otherwise, including estimates and changes in long term macro-economic assumptions relating to our estimate of current expected credit losses on our financial assets. Restricted access to such inputs may make our financial statement balances and estimates and assumptions used to run our business subject to greater variability and subjectivity.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;">Further, while we have implemented risk management and business continuity plans and taken preventive measures and other precautions that address the pandemic, there can be no assurance that such measures will prevent a material impact on our business operations. Currently, our employees are working remotely. An extended period of remote work arrangements could strain our business continuity plans, introduce operational risks including but not limited to cybersecurity risk, and impair our ability to manage our business. We also outsource certain business activities to third parties, and thus rely upon the successful implementation and execution of those third parties&#8217; business continuity plans as well. If one or more of the third parties to whom we outsource certain business activities experience operational failures as a result of the impacts from the spread of <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19,</div> it may have a material adverse effect on our business, financial condition, results of operations, liquidity and cash flows.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; text-decoration: none; margin-top: 18pt; margin-bottom: 0px;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Corp. Risk Factors </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Continuing elevated loss payments and delay or failure in realizing expected recoveries on insured transactions may materially and adversely affect MBIA Insurance Corporation&#8217;s statutory capital and its ability to meet liquidity needs and could cause the NYSDFS to put MBIA Insurance Corporation into a rehabilitation or liquidation proceeding if the NYSDFS concludes that MBIA Insurance Corporation will not be able to pay expected claims. </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">MBIA Insurance Corporation is particularly sensitive to the risk that it will not have sufficient capital or liquid resources to meet contractual payment obligations when due or to make settlement payments in order to terminate insured exposures to avoid losses. While management&#8217;s expected liquidity and capital forecasts for MBIA Insurance Corporation reflect adequate resources to pay expected claims, there are risks to the capital and liquidity forecasts as MBIA Insurance Corporation&#8217;s remaining insured exposures and its expected salvage recoveries are potentially volatile. Such volatility exists in the amount of putback recoverables, excess spread, and other salvage that MBIA Insurance Corporation may collect, including recoveries on the claims it paid in respect of the insured notes issued by Zohar CDO <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2003-1,</div> Limited and Zohar II <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2005-1</div> CDO (collectively, the &#8220;Zohar Claims Payments&#8221;), and the exposure in its remaining insured portfolio, which could deteriorate and result in significant additional loss reserves and claim payments, including claims on insured exposures that in some cases may require large bullet payments.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;">In July of 2019, MBIA Insurance Corporation consummated a financing facility (the &#8220;Refinanced Facility&#8221;) between MZ Funding LLC (&#8220;MZ Funding&#8221;) and certain purchasers, pursuant to which the purchasers or their affiliates (collectively, the &#8220;Senior Lenders&#8221;), agreed to refinance the outstanding insured senior notes of MZ Funding, and MBIA Inc. received amended subordinated notes of MZ Funding. In connection with the Refinanced Facility, the Senior Lenders purchased new senior notes issued by MZ Funding with an aggregate principal amount of $278&#160;million. In addition, MBIA Inc. received amended subordinated notes issued by MZ Funding with an aggregate principal amount of $54&#160;million. The Refinanced Facility is described in more detail under the &#8220;Liquidity&#8212;MBIA Corp. Liquidity&#8221; section in Part II, Item 7 of the Company&#8217;s Annual Report on Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">10-K</div> for the year ended December&#160;31, 2019.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Insurance Corporation believes that the primary source of funds for the repayment of its obligations under the Refinanced Facility and for reimbursement for the Zohar Claims Payments will come from the monetization of the loans made to, and equity interests in, companies that, until late March 2020, were purportedly controlled and managed by the sponsor and former collateral manager of the Zohar CDOs referenced above (collectively, the &#8220;Zohar Collateral&#8221;). In late March 2020, the original sponsor resigned as director and manager of all but one portfolio company, and the Zohar CDOs have nominated or elected, or are in talks regarding the engagement of, new directors and managers at the portfolio companies, although the Zohar Sponsor may continue to serve in some capacity at select portfolio companies until a replacement is put in place. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">While MBIA Insurance Corporation believes that it will receive substantial recoveries on the Zohar Collateral, there is significant uncertainty with respect to its realizable value. For example, on October&#160;17, 2019, one of the portfolio companies, Dura Automotive Systems, LLC, and certain of its affiliates, filed for bankruptcy protection in federal bankruptcy court in the Middle District of Tennessee (the &#8220;Dura Bankruptcy Cases&#8221;).&#160;Effective November&#160;8, 2019, the Dura Bankruptcy Cases were transferred to the District of Delaware. The Zohar debtors have substantial debt and equity interests in the Dura debtors, and any recovery on those interests is not expected to be material. </div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">79</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Item&#160;1A. Risk Factors (continued) </div></div></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">If the amount of recoveries on the Zohar Collateral is not sufficient to repay amounts due under the Refinanced Facility on or before its maturity date and to reimburse MBIA Insurance Corporation for a substantial portion of the Zohar Claims Payments, MBIA Insurance Corporation would likely incur substantial additional losses, which could materially impair its statutory capital and liquidity. Further, MBIA Insurance Corporation believes that if the NYSDFS concludes at any time that MBIA Insurance Corporation will not be able to satisfy its obligations under the Facility and under its other issued policies, the NYSDFS would likely put MBIA Insurance Corporation into a rehabilitation or liquidation proceeding under Article 74 of the NYIL and/or take such other actions as the NYSDFS may deem necessary to protect the interests of MBIA Insurance Corporation&#8217;s policyholders. The determination to commence such a proceeding or take other such actions is within the exclusive control of the NYSDFS. The NYSDFS enjoys broad discretion in this regard, and any determination they may make would not be limited to consideration of the matters described above. As noted, however, given the separation of MBIA Inc. and MBIA Corp. as distinct legal entities, the absence of any cross defaults between the entities, and the lack of reliance by MBIA Inc. on MBIA Corp. for the receipt of dividends, we do not believe that a rehabilitation or liquidation proceeding of MBIA Insurance Corporation by the NYSDFS would have any material economic long-term liquidity impact on MBIA Inc. </div></div> <div id="toc893688_28" style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Item&#160;2. Unregistered Sales of Equity Securities and Use of Proceeds </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On November&#160;3, 2017, the Company&#8217;s Board of Directors authorized the repurchase by the Company or National of up to $250&#160;million of its outstanding shares under a new share repurchase authorization. During the three months ended March&#160;31, 2020, we repurchased 8.1&#160;million common shares of MBIA Inc. at an average share price of $7.99 under the November&#160;3, 2017 repurchase program. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Subsequent to March&#160;31, 2020 through May&#160;4, 2020, we repurchased an additional 4.5&#160;million common shares of MBIA Inc. at an average share price of $7.51. On May&#160;5, 2020, the Company&#8217;s Board of Directors approved a new share repurchase authorization for the Company or National to repurchase up to $100&#160;million of the Company&#8217;s outstanding common shares. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The table below presents repurchases made by the Company in each month during the first quarter of 2020: </div></div>
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<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Total </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Average </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">of Shares </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Amount&#160;That&#160;May </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Number </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Price </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Purchased&#160;as </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Be Purchased </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">of Shares </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Paid&#160;Per </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Part of Publicly </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Under&#160;the&#160;Plan </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Month </div></div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Purchased&#160;<div style="font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;">(1)</div></div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Share </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Announced&#160;Plan </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(in&#160;millions) </div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">January </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,573,334 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.17 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,543,621 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">77 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">February </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,114,025 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.87 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,112,100 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">68 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">March </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,526,891 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.12 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,427,035 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">36 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,214,250 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.00 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
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<td style="width: 3%; vertical-align: top;">(1)</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">-&#160; 1,925 shares in February and 86 shares in March were repurchased in open market transactions as investments in the Company&#8217;s <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-qualified</div> deferred compensation plan and 29,713 shares in January and 99,770 shares in March were repurchased by the Company in open market transactions for settling awards under the Company&#8217;s long-term incentive plans.</td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">80</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div id="toc893688_29" style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Item&#160;6. Exhibits </div></div></div>
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<td style="padding: 0px; text-align: left; vertical-align: top; white-space: nowrap; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">*31.1. </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: 0em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><a href="d893688dex311.htm">Chief Executive Officer - Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. </a> </div></div> </td> </tr>
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<td style="padding: 0px; text-align: left; vertical-align: top; white-space: nowrap; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">*31.2. </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: 0em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><a href="d893688dex312.htm">Chief Financial Officer - Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. </a> </div></div> </td> </tr>
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<td style="padding: 0px; text-align: left; vertical-align: top; white-space: nowrap; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">**32.1. </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: 0em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><a href="d893688dex321.htm">Chief Executive Officer - Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. </a> </div></div> </td> </tr>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: 0em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Filed herewith. </div></div> </td> </tr>
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<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; white-space: nowrap;">&#160;</td>
<td style="padding: 0px; text-align: left; vertical-align: top; white-space: nowrap; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">** </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; white-space: nowrap; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: 0em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Furnished herewith. </div></div> </td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">81</div></div> <div></div> </div> </div> <div style="margin-top: 1em; margin-bottom: 0em; page-break-before: always;"></div> <hr style="width: 100%; height: 3px; color: rgb(153, 153, 153);"/> <div style="font-size: 13.28px; margin-top: 1.67em; margin-bottom: 1.67em;;font-weight: bold;"><a href="#toc">Table of Contents</a></div> <div style="margin: 0px auto; width: 8.5in; font-size: 10pt;"> <div id="toc893688_30" style="text-align: center; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">SIGNATURES </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. </div></div>
<table border="0" cellpadding="0" cellspacing="0" style="margin: 12pt auto 0px; width: 100%; font-size: 10pt; border-collapse: separate; border-spacing: 0;">
<tr style="font-size: 0px;">
<td style="width: 51%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 2%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 47%; font-family: Arial; padding: 0px;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Inc. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Registrant </div></div> </td> </tr>
<tr style="font-size: 1pt;">
<td style="height: 16px; font-family: Arial;">&#160;</td>
<td style="height: 16px; font-family: Arial;">&#160;</td>
<td style="height: 16px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Date: May&#160;11, 2020 </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 1pt; border-bottom: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">/s/ Anthony McKiernan </div></div> </td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Anthony McKiernan </div></div> </td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Chief Financial Officer </div></div> </td> </tr>
<tr style="font-size: 1pt;">
<td style="height: 16px; font-family: Arial;">&#160;</td>
<td style="height: 16px; font-family: Arial;">&#160;</td>
<td style="height: 16px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Date: May&#160;11, 2020 </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 1pt; border-bottom: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">/s/ Joseph R. Schachinger </div></div> </td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Joseph R. Schachinger </div></div> </td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Controller (Chief Accounting Officer) </div></div> </td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px; background: none;"></div> <div></div> <div style="margin-top: 1em; margin-bottom: 0em;"></div> <div> <div style="text-align: center; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">82</div></div> </div> </div>
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<DOCUMENT>
<TYPE>EX-31.1
<SEQUENCE>2
<FILENAME>d893688dex311.htm
<DESCRIPTION>EX-31.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-31.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Exhibit 31.1 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>CERTIFICATION PURSUANT TO </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">I, William C. Fallon, certify that: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">1.</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE="" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">I have reviewed the Quarterly Report of MBIA Inc. (the &#147;Company&#148;) on Form <FONT STYLE="white-space:nowrap">10-Q</FONT> for the period ending
March&nbsp;31, 2020 as filed with the Securities and Exchange Commission on the date hereof (the &#147;Report&#148;); </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">2.</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE="" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">Based on my knowledge, this Report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the
statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this Report; </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">3.</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE="" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">Based on my knowledge, the financial statements, and other financial information included in this Report, fairly present in all material respects the
financial condition, results of operations and cash flows of the Company as of, and for, the periods presented in this Report; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">4.</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE="" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company&#146;s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules <FONT STYLE="white-space:nowrap">13a-15(e)</FONT> and <FONT STYLE="white-space:nowrap">15d-15(e))</FONT> and internal control over financial reporting (as defined in Exchange Act Rules
<FONT STYLE="white-space:nowrap">13a-15(f)</FONT> and <FONT STYLE="white-space:nowrap">15d-15(f))</FONT> for the Company and have: </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">(a)</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE="" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that
material information relating to the Company, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this Report is being prepared; </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">(b)</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE="" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision,
to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">(c)</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE="" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">evaluated the effectiveness of the Company&#146;s disclosure controls and procedures and presented in this Report our conclusions about the
effectiveness of the disclosure controls and procedures, as of the end of the period covered by this Report based on such evaluation; and </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">(d)</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE="" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">disclosed in this Report any change in the Company&#146;s internal control over financial reporting that occurred during the Company&#146;s first
quarter of 2020 that has materially affected, or is reasonably likely to materially affect, the Company&#146;s internal control over financial reporting; and </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">5.</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE="" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company&#146;s other certifying officers and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to
the Company&#146;s auditors and to the audit committee of the board of directors: </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">(a)</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE="" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely
to adversely affect the Company&#146;s ability to record, process, summarize and report financial information; and </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">(b)</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE="" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">any fraud, whether or not material, that involves management or other employees who have a significant role in the Company&#146;s internal control over
financial reporting. </FONT></P></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>

<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid">
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="2">/s/ William C. Fallon</FONT></P></TD></TR>
<TR STYLE="page-break-inside:avoid">
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">William C. Fallon</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid">
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Chief Executive Officer</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid">
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">May&nbsp;11, 2020</FONT></TD></TR>
</TABLE>
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<DOCUMENT>
<TYPE>EX-31.2
<SEQUENCE>3
<FILENAME>d893688dex312.htm
<DESCRIPTION>EX-31.2
<TEXT>
<HTML><HEAD>
<TITLE>EX-31.2</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Exhibit 31.2 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>CERTIFICATION PURSUANT TO </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">I, Anthony McKiernan, certify that: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">1.</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE="" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">I have reviewed the Quarterly Report of MBIA Inc. (the &#147;Company&#148;) on Form <FONT STYLE="white-space:nowrap">10-Q</FONT> for the period ending
March&nbsp;31, 2020 as filed with the Securities and Exchange Commission on the date hereof (the &#147;Report&#148;); </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">2.</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE="" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">Based on my knowledge, this Report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the
statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this Report; </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">3.</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE="" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">Based on my knowledge, the financial statements, and other financial information included in this Report, fairly present in all material respects the
financial condition, results of operations and cash flows of the Company as of, and for, the periods presented in this Report; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">4.</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE="" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company&#146;s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules <FONT STYLE="white-space:nowrap">13a-15(e)</FONT> and <FONT STYLE="white-space:nowrap">15d-15(e))</FONT> and internal control over financial reporting (as defined in Exchange Act Rules
<FONT STYLE="white-space:nowrap">13a-15(f)</FONT> and <FONT STYLE="white-space:nowrap">15d-15(f))</FONT> for the Company and have: </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">(a)</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE="" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that
material information relating to the Company, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this Report is being prepared; </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">(b)</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE="" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision,
to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">(c)</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE="" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">evaluated the effectiveness of the Company&#146;s disclosure controls and procedures and presented in this Report our conclusions about the
effectiveness of the disclosure controls and procedures, as of the end of the period covered by this Report based on such evaluation; and </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">(d)</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE="" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">disclosed in this Report any change in the Company&#146;s internal control over financial reporting that occurred during the Company&#146;s first
quarter of 2020 that has materially affected, or is reasonably likely to materially affect, the Company&#146;s internal control over financial reporting; and </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">5.</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE="" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">The Company&#146;s other certifying officers and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to
the Company&#146;s auditors and to the audit committee of the board of directors: </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">(a)</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE="" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely
to adversely affect the Company&#146;s ability to record, process, summarize and report financial information; and </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">(b)</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE="" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">any fraud, whether or not material, that involves management or other employees who have a significant role in the Company&#146;s internal control over
financial reporting. </FONT></P></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>

<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid">
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="2">/s/ Anthony McKiernan</FONT></P></TD></TR>
<TR STYLE="page-break-inside:avoid">
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Anthony McKiernan</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid">
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Chief Financial Officer</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid">
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">May&nbsp;11, 2020</FONT></TD></TR>
</TABLE>
</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32.1
<SEQUENCE>4
<FILENAME>d893688dex321.htm
<DESCRIPTION>EX-32.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-32.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Exhibit 32.1 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>CERTIFICATION PURSUANT TO </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>18 U.S.C. SECTION 1350, </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>AS ADOPTED PURSUANT TO </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">In connection with the Quarterly Report of MBIA Inc. (the &#147;Company&#148;) on Form <FONT STYLE="white-space:nowrap">10-Q</FONT> for the period ending
March&nbsp;31, 2020 as filed with the Securities and Exchange Commission on the date hereof (the &#147;Report&#148;), I, William C. Fallon, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. &#167;&nbsp;1350, as adopted pursuant
to &#167; 906 of the Sarbanes-Oxley Act of 2002, that: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">(1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE="" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">(2)</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE="" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>

<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid">
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="2">/s/ William C. Fallon</FONT></P></TD></TR>
<TR STYLE="page-break-inside:avoid">
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">William C. Fallon</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid">
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Chief Executive Officer</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid">
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">May&nbsp;11, 2020</FONT></TD></TR>
</TABLE>
</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32.2
<SEQUENCE>5
<FILENAME>d893688dex322.htm
<DESCRIPTION>EX-32.2
<TEXT>
<HTML><HEAD>
<TITLE>EX-32.2</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Exhibit 32.2 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>CERTIFICATION PURSUANT TO </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>18 U.S.C. SECTION 1350, </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>AS ADOPTED PURSUANT TO </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">In connection with the Quarterly Report of MBIA Inc. (the &#147;Company&#148;) on Form <FONT STYLE="white-space:nowrap">10-Q</FONT> for the period ending
March&nbsp;31, 2020 as filed with the Securities and Exchange Commission on the date hereof (the &#147;Report&#148;), I, Anthony McKiernan, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. &#167;&nbsp;1350, as adopted pursuant
to &#167; 906 of the Sarbanes-Oxley Act of 2002, that: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">(1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE="" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">(2)</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE="" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="2">The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>

<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid">
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="2">/s/ Anthony McKiernan</FONT></P></TD></TR>
<TR STYLE="page-break-inside:avoid">
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Anthony McKiernan</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid">
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">Chief Financial Officer</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid">
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">May&nbsp;11, 2020</FONT></TD></TR>
</TABLE>
</DIV></Center>

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<SEQUENCE>6
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<link:definition>1017 - Disclosure - Income Taxes</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/BusinessSegments" id="BusinessSegments">
<link:definition>1018 - Disclosure - Business Segments</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/EarningsPerShare" id="EarningsPerShare">
<link:definition>1019 - Disclosure - Earnings Per Share</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/AccumulatedOtherComprehensiveIncome" id="AccumulatedOtherComprehensiveIncome">
<link:definition>1020 - Disclosure - Accumulated Other Comprehensive Income</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/CommitmentsAndContingencies" id="CommitmentsAndContingencies">
<link:definition>1021 - Disclosure - Commitments and Contingencies</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/SignificantAccountingPoliciesPolicies" id="SignificantAccountingPoliciesPolicies">
<link:definition>1022 - Disclosure - Significant Accounting Policies (Policies)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/VariableInterestEntitiesTables" id="VariableInterestEntitiesTables">
<link:definition>1023 - Disclosure - Variable Interest Entities (Tables)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/LossAndLossAdjustmentExpenseReservesTables" id="LossAndLossAdjustmentExpenseReservesTables">
<link:definition>1024 - Disclosure - Loss and Loss Adjustment Expense Reserves (Tables)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/FairValueOfFinancialInstrumentsTables" id="FairValueOfFinancialInstrumentsTables">
<link:definition>1025 - Disclosure - Fair Value of Financial Instruments (Tables)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/InvestmentsTables" id="InvestmentsTables">
<link:definition>1026 - Disclosure - Investments (Tables)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/DerivativeInstrumentsTables" id="DerivativeInstrumentsTables">
<link:definition>1027 - Disclosure - Derivative Instruments (Tables)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/IncomeTaxesTables" id="IncomeTaxesTables">
<link:definition>1028 - Disclosure - Income Taxes (Tables)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/BusinessSegmentsTables" id="BusinessSegmentsTables">
<link:definition>1029 - Disclosure - Business Segments (Tables)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
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<link:roleType roleURI="http://www.mbia.com/role/EarningsPerShareTables" id="EarningsPerShareTables">
<link:definition>1030 - Disclosure - Earnings Per Share (Tables)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/AccumulatedOtherComprehensiveIncomeTables" id="AccumulatedOtherComprehensiveIncomeTables">
<link:definition>1031 - Disclosure - Accumulated Other Comprehensive Income (Tables)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/CommitmentsAndContingenciesTables" id="CommitmentsAndContingenciesTables">
<link:definition>1032 - Disclosure - Commitments and Contingencies (Tables)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/BusinessDevelopmentsAndRisksAndUncertaintiesNarrativeDetail" id="BusinessDevelopmentsAndRisksAndUncertaintiesNarrativeDetail">
<link:definition>1033 - Disclosure - Business Developments And Risks And Uncertainties (Narrative) (Detail)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/RecentAccountingPronouncementsNarrativeDetail" id="RecentAccountingPronouncementsNarrativeDetail">
<link:definition>1034 - Disclosure - Recent Accounting Pronouncements (Narrative) (Detail)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/VariableInterestEntitiesNarrativeDetail" id="VariableInterestEntitiesNarrativeDetail">
<link:definition>1035 - Disclosure - Variable Interest Entities (Narrative) (Detail)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/VariableInterestEntitiesSummaryOfNonconsolidatedViesAssetsAndLiabilitiesDetail" id="VariableInterestEntitiesSummaryOfNonconsolidatedViesAssetsAndLiabilitiesDetail">
<link:definition>1036 - Disclosure - Variable Interest Entities (Summary Of Nonconsolidated VIEs Assets And Liabilities) (Detail)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/LossAndLossAdjustmentExpenseReservesLossAndLaeActivityNarrativeDetail" id="LossAndLossAdjustmentExpenseReservesLossAndLaeActivityNarrativeDetail">
<link:definition>1037 - Disclosure - Loss And Loss Adjustment Expense Reserves (Loss And LAE Activity) (Narrative) (Detail)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/LossAndLossAdjustmentExpenseReservesScheduleOfLossesAndLossAdjustmentExpensesReservesAndRecoveriesDetail" id="LossAndLossAdjustmentExpenseReservesScheduleOfLossesAndLossAdjustmentExpensesReservesAndRecoveriesDetail">
<link:definition>1038 - Disclosure - Loss And Loss Adjustment Expense Reserves (Schedule Of Losses And Loss Adjustment Expenses Reserves and Recoveries) (Detail)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/LossAndLossAdjustmentExpenseReservesScheduleOfLossAndLossAdjustmentExpensesReservesDetail" id="LossAndLossAdjustmentExpenseReservesScheduleOfLossAndLossAdjustmentExpensesReservesDetail">
<link:definition>1039 - Disclosure - Loss And Loss Adjustment Expense Reserves (Schedule Of Loss And Loss Adjustment Expenses Reserves) (Detail)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/LossAndLossAdjustmentExpenseReservesScheduleOfInsuranceLossRecoverableDetail" id="LossAndLossAdjustmentExpenseReservesScheduleOfInsuranceLossRecoverableDetail">
<link:definition>1040 - Disclosure - Loss And Loss Adjustment Expense Reserves (Schedule Of Insurance Loss Recoverable) (Detail)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/LossAndLossAdjustmentExpenseReservesScheduleOfFinancialGuaranteesAndRelatedClaimLiabilityDetail" id="LossAndLossAdjustmentExpenseReservesScheduleOfFinancialGuaranteesAndRelatedClaimLiabilityDetail">
<link:definition>1041 - Disclosure - Loss And Loss Adjustment Expense Reserves (Schedule Of Financial Guarantees And Related Claim Liability) (Detail)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/FairValueOfFinancialInstrumentsNarrativeDetail" id="FairValueOfFinancialInstrumentsNarrativeDetail">
<link:definition>1042 - Disclosure - Fair Value Of Financial Instruments (Narrative) (Detail)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/FairValueOfFinancialInstrumentsQuantitativeInformationRegardingTheSignificantUnobservableInputsForCertainAssetsAndLiabilitiesMeasuredAtFairValueOnARecurringBasisDetail" id="FairValueOfFinancialInstrumentsQuantitativeInformationRegardingTheSignificantUnobservableInputsForCertainAssetsAndLiabilitiesMeasuredAtFairValueOnARecurringBasisDetail">
<link:definition>1043 - Disclosure - Fair Value Of Financial Instruments (Quantitative Information Regarding The Significant Unobservable Inputs For Certain Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Detail)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/FairValueOfFinancialInstrumentsCompanysAssetsAndLiabilitiesMeasuredAtFairValueOnRecurringBasisDetail" id="FairValueOfFinancialInstrumentsCompanysAssetsAndLiabilitiesMeasuredAtFairValueOnRecurringBasisDetail">
<link:definition>1044 - Disclosure - Fair Value Of Financial Instruments (Company's Assets And Liabilities Measured At Fair Value On Recurring Basis) (Detail)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/FairValueOfFinancialInstrumentsFairValueHierarchyTablePresentsTheCompanysAssetsAndLiabilitiesAtFairValueNotRecordedOnTheCompanysConsolidatedBalanceSheetDetail" id="FairValueOfFinancialInstrumentsFairValueHierarchyTablePresentsTheCompanysAssetsAndLiabilitiesAtFairValueNotRecordedOnTheCompanysConsolidatedBalanceSheetDetail">
<link:definition>1045 - Disclosure - Fair Value Of Financial Instruments (Fair Value Hierarchy Table Presents The Company's Assets And Liabilities At Fair Value Not Recorded On The Company's Consolidated Balance Sheet) (Detail)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/FairValueOfFinancialInstrumentsChangesInLevel3AssetsAndLiabilitiesMeasuredAtFairValueOnARecurringBasisDetail" id="FairValueOfFinancialInstrumentsChangesInLevel3AssetsAndLiabilitiesMeasuredAtFairValueOnARecurringBasisDetail">
<link:definition>1046 - Disclosure - Fair Value Of Financial Instruments (Changes In Level 3 Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Detail)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/FairValueOfFinancialInstrumentsRealizedAndUnrealizedGainsAndLossesIncludedInEarningsPertainingToLevel3AssetsAndLiabilitiesDetail" id="FairValueOfFinancialInstrumentsRealizedAndUnrealizedGainsAndLossesIncludedInEarningsPertainingToLevel3AssetsAndLiabilitiesDetail">
<link:definition>1047 - Disclosure - Fair Value Of Financial Instruments (Realized And Unrealized Gains And Losses Included In Earnings Pertaining To Level 3 Assets And Liabilities) (Detail)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/FairValueOfFinancialInstrumentsGainsAndLossesOnFairValueOptionIncludedInTheCompanysConsolidatedStatementsOfOperationsDetail" id="FairValueOfFinancialInstrumentsGainsAndLossesOnFairValueOptionIncludedInTheCompanysConsolidatedStatementsOfOperationsDetail">
<link:definition>1048 - Disclosure - Fair Value Of Financial Instruments (Gains And Losses On Fair Value Option Included In The Company's Consolidated Statements Of Operations) (Detail)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/FairValueOfFinancialInstrumentsAggregateFairValueAndRemainingContractualPrincipalBalanceOutstandingOnFairValueOptionDetail" id="FairValueOfFinancialInstrumentsAggregateFairValueAndRemainingContractualPrincipalBalanceOutstandingOnFairValueOptionDetail">
<link:definition>1049 - Disclosure - Fair Value Of Financial Instruments (Aggregate Fair Value And Remaining Contractual Principal Balance Outstanding On Fair Value Option) (Detail)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/InvestmentsNarrativeDetail" id="InvestmentsNarrativeDetail">
<link:definition>1050 - Disclosure - Investments (Narrative) (Detail)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/InvestmentsAmortizedCostAndFairValueOfAvailableForSaleAndHeldToMaturityInvestmentPortfoliosDetail" id="InvestmentsAmortizedCostAndFairValueOfAvailableForSaleAndHeldToMaturityInvestmentPortfoliosDetail">
<link:definition>1051 - Disclosure - Investments (Amortized Cost And Fair Value Of Available-For-Sale and Held-To-Maturity Investment Portfolios) (Detail)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/InvestmentsDistributionByContractualMaturityOfAvailableForSaleAndHeldToMaturityInvestmentsDetail" id="InvestmentsDistributionByContractualMaturityOfAvailableForSaleAndHeldToMaturityInvestmentsDetail">
<link:definition>1052 - Disclosure - Investments (Distribution By Contractual Maturity Of Available-For-Sale and Held-To-Maturity Investments) (Detail)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/InvestmentsGrossUnrealizedLossesRelatedToAvailableForSaleAndHeldToMaturityInvestmentsDetail" id="InvestmentsGrossUnrealizedLossesRelatedToAvailableForSaleAndHeldToMaturityInvestmentsDetail">
<link:definition>1053 - Disclosure - Investments (Gross Unrealized Losses Related To Available-For-Sale And Held-To-Maturity Investments) (Detail)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/InvestmentsDistributionOfSecuritiesByPercentageOfFairValueBelowBookValueByMoreThan5ForAContinuousTwelveMonthPeriodOrLongerDetail" id="InvestmentsDistributionOfSecuritiesByPercentageOfFairValueBelowBookValueByMoreThan5ForAContinuousTwelveMonthPeriodOrLongerDetail">
<link:definition>1054 - Disclosure - Investments (Distribution Of Securities By Percentage Of Fair Value Below Book Value By More Than 5% For A Continuous Twelve Month Period Or Longer) (Detail)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/InvestmentsSecuritiesHeldInUnrealizedLossPositionAndInsuredByFinancialGuarantorDetail" id="InvestmentsSecuritiesHeldInUnrealizedLossPositionAndInsuredByFinancialGuarantorDetail">
<link:definition>1055 - Disclosure - Investments (Securities Held In Unrealized Loss Position And Insured By Financial Guarantor) (Detail)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/InvestmentsSummaryOfAllowanceForCreditLossesOnHtmInvestmentsDetail" id="InvestmentsSummaryOfAllowanceForCreditLossesOnHtmInvestmentsDetail">
<link:definition>1056 - Disclosure - Investments - (Summary of Allowance for Credit Losses on HTM Investments) (Detail)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/InvestmentsCreditLossesRecognizedInEarningsRelatedToOttiLossesRecognizedInAccumulatedOtherComprehensiveIncomeLossDetail" id="InvestmentsCreditLossesRecognizedInEarningsRelatedToOttiLossesRecognizedInAccumulatedOtherComprehensiveIncomeLossDetail">
<link:definition>1057 - Disclosure - Investments (Credit Losses Recognized In Earnings Related To OTTI Losses Recognized In Accumulated Other Comprehensive Income (Loss)) (Detail)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/InvestmentsNetRealizedGainsLossesFromSalesOfAvailableForSaleSecuritiesDetail" id="InvestmentsNetRealizedGainsLossesFromSalesOfAvailableForSaleSecuritiesDetail">
<link:definition>1058 - Disclosure - Investments (Net Realized Gains (Losses) From Sales Of Available-For-Sale Securities) (Detail)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/InvestmentsPortionOfUnrealizedGainsAndLossesOnEquityInvestmentsHeldDetail" id="InvestmentsPortionOfUnrealizedGainsAndLossesOnEquityInvestmentsHeldDetail">
<link:definition>1059 - Disclosure - Investments (Portion Of Unrealized Gains And Losses On Equity Investments Held) (Detail)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/DerivativeInstrumentsNarrativeDetail" id="DerivativeInstrumentsNarrativeDetail">
<link:definition>1060 - Disclosure - Derivative Instruments (Narrative) (Detail)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/DerivativeInstrumentsCreditDerivativesSoldDetail" id="DerivativeInstrumentsCreditDerivativesSoldDetail">
<link:definition>1061 - Disclosure - Derivative Instruments (Credit Derivatives Sold) (Detail)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/DerivativeInstrumentsTotalFairValueOfCompanysDerivativeAssetsAndLiabilitiesByInstrumentAndBalanceSheetLocationBeforeCounterpartyNettingDetail" id="DerivativeInstrumentsTotalFairValueOfCompanysDerivativeAssetsAndLiabilitiesByInstrumentAndBalanceSheetLocationBeforeCounterpartyNettingDetail">
<link:definition>1062 - Disclosure - Derivative Instruments (Total Fair Value Of Company's Derivative Assets And Liabilities By Instrument And Balance Sheet Location, Before Counterparty Netting) (Detail)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/DerivativeInstrumentsEffectOfDerivativeInstrumentsOnConsolidatedStatementsOfOperationsDetail" id="DerivativeInstrumentsEffectOfDerivativeInstrumentsOnConsolidatedStatementsOfOperationsDetail">
<link:definition>1063 - Disclosure - Derivative Instruments (Effect Of Derivative Instruments On Consolidated Statements Of Operations) (Detail)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/IncomeTaxesNarrativeDetail" id="IncomeTaxesNarrativeDetail">
<link:definition>1064 - Disclosure - Income Taxes (Narrative) (Detail)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/IncomeTaxesIncomeTaxesAndRelatedEffectiveTaxRatesDetail" id="IncomeTaxesIncomeTaxesAndRelatedEffectiveTaxRatesDetail">
<link:definition>1065 - Disclosure - Income Taxes (Income Taxes And Related Effective Tax Rates) (Detail)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/BusinessSegmentsNarrativeDetail" id="BusinessSegmentsNarrativeDetail">
<link:definition>1066 - Disclosure - Business Segments (Narrative) (Detail)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/BusinessSegmentsSummaryOfCompanysSegmentResultsDetail" id="BusinessSegmentsSummaryOfCompanysSegmentResultsDetail">
<link:definition>1067 - Disclosure - Business Segments (Summary Of Company's Segment Results) (Detail)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.mbia.com/role/EarningsPerShareNarrativeDetail" id="EarningsPerShareNarrativeDetail">
<link:definition>1068 - Disclosure - Earnings Per Share (Narrative) (Detail)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
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<link:definition>1069 - Disclosure - Earnings Per Share (Computation Of Basic And Diluted Earnings Per Share) (Detail)</link:definition>
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<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>9
<FILENAME>mbi-20200331_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_StatementTable" xml:lang="en-US">Statement [Table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementTable" xlink:to="lab_us-gaap_StatementTable" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementClassOfStockAxis" xlink:label="loc_us-gaap_StatementClassOfStockAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_StatementClassOfStockAxis" xml:lang="en-US">Class of Stock [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementClassOfStockAxis" xlink:to="lab_us-gaap_StatementClassOfStockAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:label="loc_us-gaap_ClassOfStockDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ClassOfStockDomain" xml:lang="en-US">Class of Stock [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ClassOfStockDomain" xlink:to="lab_us-gaap_ClassOfStockDomain" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_StatementLineItems" xml:lang="en-US">Statement [Line Items]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_StatementLineItems" xml:lang="en-US">Cumulative effect of prospective application of new accounting principle</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementLineItems" xlink:to="lab_us-gaap_StatementLineItems" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="loc_us-gaap_AssetsAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AssetsAbstract" xml:lang="en-US">Assets [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_AssetsAbstract" xml:lang="en-US">Assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AssetsAbstract" xlink:to="lab_us-gaap_AssetsAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InvestmentsAbstract" xlink:label="loc_us-gaap_InvestmentsAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_InvestmentsAbstract" xml:lang="en-US">Investments [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_InvestmentsAbstract" xml:lang="en-US">Investments:</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_InvestmentsAbstract" xml:lang="en-US">Investments [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InvestmentsAbstract" xlink:to="lab_us-gaap_InvestmentsAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleSecuritiesNoncurrent" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesNoncurrent" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesNoncurrent" xml:lang="en-US">Available-for-sale Securities, Noncurrent</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesNoncurrent" xml:lang="en-US">Fixed-maturity securities held as available-for-sale, at fair value (amortized cost $2,559 and $2,705)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesNoncurrent" xlink:to="lab_us-gaap_AvailableForSaleSecuritiesNoncurrent" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TradingSecurities" xlink:label="loc_us-gaap_TradingSecurities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_TradingSecurities" xml:lang="en-US">Debt Securities, Trading, and Equity Securities, FV-NI</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_TradingSecurities" xml:lang="en-US">Investments carried at fair value</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TradingSecurities" xlink:to="lab_us-gaap_TradingSecurities" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleRestricted" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleRestricted" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleRestricted" xml:lang="en-US">Debt Securities, Available-for-sale, Restricted</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleRestricted" xml:lang="en-US">Investments pledged as collateral, at fair value (amortized cost $6 and $15)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleRestricted" xlink:to="lab_us-gaap_DebtSecuritiesAvailableForSaleRestricted" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleSecuritiesCurrent" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesCurrent" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesCurrent" xml:lang="en-US">Available-for-sale Securities, Current</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesCurrent" xml:lang="en-US">Short-term investments, at fair value (amortized cost $247 and $423)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesCurrent" xlink:to="lab_us-gaap_AvailableForSaleSecuritiesCurrent" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_Investments" xlink:label="loc_us-gaap_Investments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_Investments" xml:lang="en-US">Investments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_Investments" xml:lang="en-US">Total investments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_Investments" xlink:to="lab_us-gaap_Investments" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue" xml:lang="en-US">Cash and Cash Equivalents, at Carrying Value</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue" xml:lang="en-US">Cash and cash equivalents</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue" xml:lang="en-US">Cash and cash equivalents - beginning of period</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue" xml:lang="en-US">Cash and cash equivalents - end of period</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:to="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PremiumsReceivableAtCarryingValue" xlink:label="loc_us-gaap_PremiumsReceivableAtCarryingValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_PremiumsReceivableAtCarryingValue" xml:lang="en-US">Premiums Receivable, Net</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_PremiumsReceivableAtCarryingValue" xml:lang="en-US">Premiums receivable (net of allowance for credit losses $4 and $-)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PremiumsReceivableAtCarryingValue" xlink:to="lab_us-gaap_PremiumsReceivableAtCarryingValue" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredPolicyAcquisitionCosts" xlink:label="loc_us-gaap_DeferredPolicyAcquisitionCosts" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_DeferredPolicyAcquisitionCosts" xml:lang="en-US">Deferred Policy Acquisition Costs</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_DeferredPolicyAcquisitionCosts" xml:lang="en-US">Deferred acquisition costs</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DeferredPolicyAcquisitionCosts" xlink:to="lab_us-gaap_DeferredPolicyAcquisitionCosts" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_InsuranceLossRecoverable" xlink:label="loc_mbi_InsuranceLossRecoverable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_InsuranceLossRecoverable" xml:lang="en-US">Insurance Loss Recoverable</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_InsuranceLossRecoverable" xml:lang="en-US">Insurance loss recoverable</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_mbi_InsuranceLossRecoverable" xml:lang="en-US">Gross Reserve beginning balance, Insurance loss recoverable</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_mbi_InsuranceLossRecoverable" xml:lang="en-US">Gross Reserve ending balance, Insurance loss recoverable</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_InsuranceLossRecoverable" xlink:to="lab_mbi_InsuranceLossRecoverable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_InsuranceLossRecoverable" xml:lang="en-US">Carrying amount as of the balance sheet date of paid insurance policy claims and LAE expense expected to be recovered.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherAssets" xlink:label="loc_us-gaap_OtherAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_OtherAssets" xml:lang="en-US">Other Assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_OtherAssets" xml:lang="en-US">Other assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherAssets" xlink:to="lab_us-gaap_OtherAssets" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_Cash" xlink:label="loc_us-gaap_Cash" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_Cash" xml:lang="en-US">Cash</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_Cash" xml:lang="en-US">Cash</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_Cash" xlink:to="lab_us-gaap_Cash" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_HeldToMaturitySecurities" xlink:label="loc_us-gaap_HeldToMaturitySecurities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_HeldToMaturitySecurities" xml:lang="en-US">Debt Securities, Held-to-maturity</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_HeldToMaturitySecurities" xml:lang="en-US">Investments held-to-maturity, at amortized cost (net of allowance for credit losses $46 and $-, fair value $572 and $892)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_HeldToMaturitySecurities" xml:lang="en-US">Total held-to-maturity, amortized cost</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_HeldToMaturitySecurities" xlink:to="lab_us-gaap_HeldToMaturitySecurities" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LoansReceivableFairValueDisclosure" xlink:label="loc_us-gaap_LoansReceivableFairValueDisclosure" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_LoansReceivableFairValueDisclosure" xml:lang="en-US">Loans Receivable, Fair Value Disclosure</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_LoansReceivableFairValueDisclosure" xml:lang="en-US">Loans receivable at fair value</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LoansReceivableFairValueDisclosure" xlink:to="lab_us-gaap_LoansReceivableFairValueDisclosure" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_LoanRepurchaseCommitments" xlink:label="loc_mbi_LoanRepurchaseCommitments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_LoanRepurchaseCommitments" xml:lang="en-US">Loan Repurchase Commitments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_LoanRepurchaseCommitments" xml:lang="en-US">Loan repurchase commitments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_LoanRepurchaseCommitments" xlink:to="lab_mbi_LoanRepurchaseCommitments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_LoanRepurchaseCommitments" xml:lang="en-US">The fair value of financial instruments that represent the right of the Trust against the seller/servicer for loans that were not compliant with the representations and warranties of the loan underwriting. The Trust has the right to demand that the transferor replace ineligible loans with a compliant loan or repurchase the non-compliant loan.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_Assets" xlink:label="loc_us-gaap_Assets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_Assets" xml:lang="en-US">Assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_Assets" xml:lang="en-US">Total assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="lab_us-gaap_Assets" xml:lang="en-US">Carrying amounts of assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_Assets" xml:lang="en-US">Identifiable assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_Assets" xlink:to="lab_us-gaap_Assets" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract" xml:lang="en-US">Liabilities and Equity [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract" xml:lang="en-US">Liabilities and Equity</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:to="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LiabilitiesAbstract" xlink:label="loc_us-gaap_LiabilitiesAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_LiabilitiesAbstract" xml:lang="en-US">Liabilities [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_LiabilitiesAbstract" xml:lang="en-US">Liabilities:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LiabilitiesAbstract" xlink:to="lab_us-gaap_LiabilitiesAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_UnearnedPremiums" xlink:label="loc_us-gaap_UnearnedPremiums" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_UnearnedPremiums" xml:lang="en-US">Unearned Premiums</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_UnearnedPremiums" xml:lang="en-US">Unearned premium revenue</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_UnearnedPremiums" xlink:to="lab_us-gaap_UnearnedPremiums" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense" xlink:label="loc_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense" xml:lang="en-US">Liability for Claims and Claims Adjustment Expense</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense" xml:lang="en-US">Loss and loss adjustment expense reserves</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense" xml:lang="en-US">Gross loss and LAE reserve, beginning balance</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense" xml:lang="en-US">Gross loss and LAE reserve, ending balance</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense" xlink:to="lab_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LongTermDebtNoncurrent" xlink:label="loc_us-gaap_LongTermDebtNoncurrent" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_LongTermDebtNoncurrent" xml:lang="en-US">Long-term Debt, Excluding Current Maturities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_LongTermDebtNoncurrent" xml:lang="en-US">Long-term debt</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongTermDebtNoncurrent" xlink:to="lab_us-gaap_LongTermDebtNoncurrent" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_MediumTermNotes" xlink:label="loc_us-gaap_MediumTermNotes" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_MediumTermNotes" xml:lang="en-US">Medium-term Notes</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="lab_us-gaap_MediumTermNotes" xml:lang="en-US">Medium-term notes (includes financial instruments carried at fair value of $98 and $108)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_MediumTermNotes" xml:lang="en-US">Medium-term notes</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MediumTermNotes" xlink:to="lab_us-gaap_MediumTermNotes" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BorrowingsUnderGuaranteedInvestmentAgreements" xlink:label="loc_us-gaap_BorrowingsUnderGuaranteedInvestmentAgreements" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_BorrowingsUnderGuaranteedInvestmentAgreements" xml:lang="en-US">Borrowings under Guaranteed Investment Agreements</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_BorrowingsUnderGuaranteedInvestmentAgreements" xml:lang="en-US">Investment agreements</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BorrowingsUnderGuaranteedInvestmentAgreements" xlink:to="lab_us-gaap_BorrowingsUnderGuaranteedInvestmentAgreements" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeLiabilities" xlink:label="loc_us-gaap_DerivativeLiabilities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_DerivativeLiabilities" xml:lang="en-US">Derivative Liability</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_DerivativeLiabilities" xml:lang="en-US">Derivative liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeLiabilities" xlink:to="lab_us-gaap_DerivativeLiabilities" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherLiabilities" xlink:label="loc_us-gaap_OtherLiabilities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_OtherLiabilities" xml:lang="en-US">Other Liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_OtherLiabilities" xml:lang="en-US">Other liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherLiabilities" xlink:to="lab_us-gaap_OtherLiabilities" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NotesPayable" xlink:label="loc_us-gaap_NotesPayable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_NotesPayable" xml:lang="en-US">Notes Payable</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="lab_us-gaap_NotesPayable" xml:lang="en-US">Variable interest entity notes (includes financial instruments carried at fair value of $331 and $403)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_NotesPayable" xml:lang="en-US">Variable interest entity notes</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NotesPayable" xlink:to="lab_us-gaap_NotesPayable" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_Liabilities" xlink:label="loc_us-gaap_Liabilities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_Liabilities" xml:lang="en-US">Liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_Liabilities" xml:lang="en-US">Total liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_Liabilities" xml:lang="en-US">Carrying amounts of liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_Liabilities" xlink:to="lab_us-gaap_Liabilities" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xml:lang="en-US">Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xml:lang="en-US">Equity:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:to="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PreferredStockValue" xlink:label="loc_us-gaap_PreferredStockValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_PreferredStockValue" xml:lang="en-US">Preferred Stock, Value, Issued</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="lab_us-gaap_PreferredStockValue" xml:lang="en-US">Preferred stock, par value $1 per share; authorized shares&#8212;10,000,000; issued and outstanding&#8212;none</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PreferredStockValue" xlink:to="lab_us-gaap_PreferredStockValue" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockValue" xlink:label="loc_us-gaap_CommonStockValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_CommonStockValue" xml:lang="en-US">Common Stock, Value, Issued</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_CommonStockValue" xml:lang="en-US">Common stock, par value $1 per share; authorized shares&#8212;400,000,000; issued shares&#8212;283,433,401 and 283,433,401</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommonStockValue" xlink:to="lab_us-gaap_CommonStockValue" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AdditionalPaidInCapital" xlink:label="loc_us-gaap_AdditionalPaidInCapital" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AdditionalPaidInCapital" xml:lang="en-US">Additional Paid in Capital</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_AdditionalPaidInCapital" xml:lang="en-US">Additional paid-in capital</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AdditionalPaidInCapital" xlink:to="lab_us-gaap_AdditionalPaidInCapital" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit" xlink:label="loc_us-gaap_RetainedEarningsAccumulatedDeficit" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_RetainedEarningsAccumulatedDeficit" xml:lang="en-US">Retained Earnings (Accumulated Deficit)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_RetainedEarningsAccumulatedDeficit" xml:lang="en-US">Retained earnings</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RetainedEarningsAccumulatedDeficit" xlink:to="lab_us-gaap_RetainedEarningsAccumulatedDeficit" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xml:lang="en-US">Accumulated Other Comprehensive Income (Loss), Net of Tax</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xml:lang="en-US">Accumulated other comprehensive income (loss), net of tax of $8 and $8</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/commentaryGuidance" xlink:label="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xml:lang="en-US">Cumulative changes in instrument-specific credit risk of liabilities elected under the fair value option</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xml:lang="en-US">Beginning balance</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xml:lang="en-US">Ending balance</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:to="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TreasuryStockValue" xlink:label="loc_us-gaap_TreasuryStockValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_TreasuryStockValue" xml:lang="en-US">Treasury Stock, Value</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="lab_us-gaap_TreasuryStockValue" xml:lang="en-US">Treasury stock, at cost&#8212;211,272,995 and 204,000,108 shares</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TreasuryStockValue" xlink:to="lab_us-gaap_TreasuryStockValue" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="loc_us-gaap_StockholdersEquity" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_StockholdersEquity" xml:lang="en-US">Stockholders' Equity Attributable to Parent</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_StockholdersEquity" xml:lang="en-US">Total shareholders' equity of MBIA Inc.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockholdersEquity" xlink:to="lab_us-gaap_StockholdersEquity" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_MinorityInterestAmountRepresentedByPreferredStock" xlink:label="loc_us-gaap_MinorityInterestAmountRepresentedByPreferredStock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_MinorityInterestAmountRepresentedByPreferredStock" xml:lang="en-US">Noncontrolling Interest, Amount Represented by Preferred Stock</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_MinorityInterestAmountRepresentedByPreferredStock" xml:lang="en-US">Preferred stock of subsidiary</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MinorityInterestAmountRepresentedByPreferredStock" xlink:to="lab_us-gaap_MinorityInterestAmountRepresentedByPreferredStock" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xml:lang="en-US">Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xml:lang="en-US">Total equity</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xml:lang="en-US">Total equity balance</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xml:lang="en-US">Total equity balance</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:to="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquity" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_LiabilitiesAndStockholdersEquity" xml:lang="en-US">Liabilities and Equity</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_LiabilitiesAndStockholdersEquity" xml:lang="en-US">Total liabilities and equity</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquity" xlink:to="lab_us-gaap_LiabilitiesAndStockholdersEquity" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ConsolidatedEntitiesAxis" xlink:label="loc_srt_ConsolidatedEntitiesAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_srt_ConsolidatedEntitiesAxis" xml:lang="en-US">Consolidated Entities [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_ConsolidatedEntitiesAxis" xlink:to="lab_srt_ConsolidatedEntitiesAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ConsolidatedEntitiesDomain" xlink:label="loc_srt_ConsolidatedEntitiesDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_srt_ConsolidatedEntitiesDomain" xml:lang="en-US">Consolidated Entities [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_ConsolidatedEntitiesDomain" xlink:to="lab_srt_ConsolidatedEntitiesDomain" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember" xlink:label="loc_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember" xml:lang="en-US">Consolidated Entity Excluding Variable Interest Entities (VIE) [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember" xml:lang="en-US">Non Variable Interest Entity [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/presentationGuidance" xlink:label="lab_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember" xml:lang="en-US">Non Variable Interest Entity [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember" xlink:to="lab_srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xml:lang="en-US">Variable Interest Entity, Primary Beneficiary [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xml:lang="en-US">Variable Interest Entity Primary Beneficiary [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xml:lang="en-US">Variable Interest Entity Primary Beneficiary [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/presentationGuidance" xlink:label="lab_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xml:lang="en-US">Variable Interest Entity [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xlink:to="lab_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAmortizedCost" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesAmortizedCost" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesAmortizedCost" xml:lang="en-US">Available-for-sale Securities, Amortized Cost Basis</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesAmortizedCost" xml:lang="en-US">Fixed-maturity securities held as available-for-sale, amortized cost</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesAmortizedCost" xml:lang="en-US">Total available-for-sale, amortized cost</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesAmortizedCost" xlink:to="lab_us-gaap_AvailableForSaleSecuritiesAmortizedCost" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_InvestmentsPledgedAsCollateralAmortizedCost" xlink:label="loc_mbi_InvestmentsPledgedAsCollateralAmortizedCost" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_InvestmentsPledgedAsCollateralAmortizedCost" xml:lang="en-US">Investments Pledged As Collateral Amortized Cost</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_InvestmentsPledgedAsCollateralAmortizedCost" xml:lang="en-US">Investments pledged as collateral, amortized cost</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_InvestmentsPledgedAsCollateralAmortizedCost" xlink:to="lab_mbi_InvestmentsPledgedAsCollateralAmortizedCost" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_InvestmentsPledgedAsCollateralAmortizedCost" xml:lang="en-US">The amortized cost of investments pledged as collateral.</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_ShortTermInvestmentsAmortizedCost" xlink:label="loc_mbi_ShortTermInvestmentsAmortizedCost" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_ShortTermInvestmentsAmortizedCost" xml:lang="en-US">Short Term Investments Amortized Cost</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_ShortTermInvestmentsAmortizedCost" xml:lang="en-US">Short-term investments, amortized cost</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_ShortTermInvestmentsAmortizedCost" xlink:to="lab_mbi_ShortTermInvestmentsAmortizedCost" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_ShortTermInvestmentsAmortizedCost" xml:lang="en-US">Amortized cost of short-term investments</label>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_HeldToMaturitySecuritiesFairValue" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesFairValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesFairValue" xml:lang="en-US">Debt Securities, Held-to-maturity, Fair Value</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesFairValue" xml:lang="en-US">Investments held-to-maturity, fair value</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesFairValue" xml:lang="en-US">Total held-to-maturity investments, fair value</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesFairValue" xml:lang="en-US">Held-To-Maturity Securities Fair Value</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_HeldToMaturitySecuritiesFairValue" xlink:to="lab_us-gaap_HeldToMaturitySecuritiesFairValue" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentFairValue" xlink:label="loc_us-gaap_DebtInstrumentFairValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_DebtInstrumentFairValue" xml:lang="en-US">Debt Instrument, Fair Value Disclosure</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_DebtInstrumentFairValue" xml:lang="en-US">Variable interest entity notes, financial instruments carried at fair value</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentFairValue" xlink:to="lab_us-gaap_DebtInstrumentFairValue" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NotesPayableFairValueDisclosure" xlink:label="loc_us-gaap_NotesPayableFairValueDisclosure" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_NotesPayableFairValueDisclosure" xml:lang="en-US">Notes Payable, Fair Value Disclosure</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_NotesPayableFairValueDisclosure" xml:lang="en-US">Medium-term notes, financial instruments carried at fair value</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NotesPayableFairValueDisclosure" xlink:to="lab_us-gaap_NotesPayableFairValueDisclosure" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PreferredStockParOrStatedValuePerShare" xlink:label="loc_us-gaap_PreferredStockParOrStatedValuePerShare" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_PreferredStockParOrStatedValuePerShare" xml:lang="en-US">Preferred Stock, Par or Stated Value Per Share</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_PreferredStockParOrStatedValuePerShare" xml:lang="en-US">Preferred stock, par value</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PreferredStockParOrStatedValuePerShare" xlink:to="lab_us-gaap_PreferredStockParOrStatedValuePerShare" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PreferredStockSharesAuthorized" xlink:label="loc_us-gaap_PreferredStockSharesAuthorized" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_PreferredStockSharesAuthorized" xml:lang="en-US">Preferred Stock, Shares Authorized</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_PreferredStockSharesAuthorized" xml:lang="en-US">Preferred stock, authorized shares</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PreferredStockSharesAuthorized" xlink:to="lab_us-gaap_PreferredStockSharesAuthorized" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PreferredStockSharesIssued" xlink:label="loc_us-gaap_PreferredStockSharesIssued" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_PreferredStockSharesIssued" xml:lang="en-US">Preferred Stock, Shares Issued</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_PreferredStockSharesIssued" xml:lang="en-US">Preferred stock, issued</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_us-gaap_PreferredStockSharesIssued" xml:lang="en-US">Balance (in preferred stock shares)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PreferredStockSharesIssued" xlink:to="lab_us-gaap_PreferredStockSharesIssued" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PreferredStockSharesOutstanding" xlink:label="loc_us-gaap_PreferredStockSharesOutstanding" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_PreferredStockSharesOutstanding" xml:lang="en-US">Preferred Stock, Shares Outstanding</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_PreferredStockSharesOutstanding" xml:lang="en-US">Preferred stock, outstanding</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PreferredStockSharesOutstanding" xlink:to="lab_us-gaap_PreferredStockSharesOutstanding" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockParOrStatedValuePerShare" xlink:label="loc_us-gaap_CommonStockParOrStatedValuePerShare" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_CommonStockParOrStatedValuePerShare" xml:lang="en-US">Common Stock, Par or Stated Value Per Share</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_CommonStockParOrStatedValuePerShare" xml:lang="en-US">Common stock, par value</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommonStockParOrStatedValuePerShare" xlink:to="lab_us-gaap_CommonStockParOrStatedValuePerShare" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockSharesAuthorized" xlink:label="loc_us-gaap_CommonStockSharesAuthorized" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_CommonStockSharesAuthorized" xml:lang="en-US">Common Stock, Shares Authorized</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_CommonStockSharesAuthorized" xml:lang="en-US">Common stock, authorized shares</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommonStockSharesAuthorized" xlink:to="lab_us-gaap_CommonStockSharesAuthorized" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockSharesIssued" xlink:label="loc_us-gaap_CommonStockSharesIssued" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_CommonStockSharesIssued" xml:lang="en-US">Common Stock, Shares, Issued</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_CommonStockSharesIssued" xml:lang="en-US">Common stock, issued shares</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_us-gaap_CommonStockSharesIssued" xml:lang="en-US">Balance (in common stock shares)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_us-gaap_CommonStockSharesIssued" xml:lang="en-US">Balance (in common stock shares)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommonStockSharesIssued" xlink:to="lab_us-gaap_CommonStockSharesIssued" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_AccumulatedOtherComprehensiveIncomeLossDeferredIncomeTaxes" xlink:label="loc_mbi_AccumulatedOtherComprehensiveIncomeLossDeferredIncomeTaxes" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_AccumulatedOtherComprehensiveIncomeLossDeferredIncomeTaxes" xml:lang="en-US">Accumulated other comprehensive income loss deferred income taxes</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_AccumulatedOtherComprehensiveIncomeLossDeferredIncomeTaxes" xml:lang="en-US">Accumulated other comprehensive income (loss), taxes</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_AccumulatedOtherComprehensiveIncomeLossDeferredIncomeTaxes" xlink:to="lab_mbi_AccumulatedOtherComprehensiveIncomeLossDeferredIncomeTaxes" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_AccumulatedOtherComprehensiveIncomeLossDeferredIncomeTaxes" xml:lang="en-US">Accumulated other comprehensive income loss, net deferred taxes</label>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TreasuryStockShares" xlink:label="loc_us-gaap_TreasuryStockShares" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_TreasuryStockShares" xml:lang="en-US">Treasury Stock, Shares</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_TreasuryStockShares" xml:lang="en-US">Treasury stock, shares</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:label="lab_us-gaap_TreasuryStockShares" xml:lang="en-US">Balance (in treasury stock shares)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:label="lab_us-gaap_TreasuryStockShares" xml:lang="en-US">Balance (in treasury stock shares)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TreasuryStockShares" xlink:to="lab_us-gaap_TreasuryStockShares" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PremiumsReceivableAllowanceForDoubtfulAccounts" xlink:label="loc_us-gaap_PremiumsReceivableAllowanceForDoubtfulAccounts" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_PremiumsReceivableAllowanceForDoubtfulAccounts" xml:lang="en-US">Premium Receivable, Allowance for Credit Loss</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="lab_us-gaap_PremiumsReceivableAllowanceForDoubtfulAccounts" xml:lang="en-US">Premiums receivable (net of allowance for credit losses)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PremiumsReceivableAllowanceForDoubtfulAccounts" xlink:to="lab_us-gaap_PremiumsReceivableAllowanceForDoubtfulAccounts" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLoss" xlink:label="loc_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLoss" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLoss" xml:lang="en-US">Debt Securities, Held-to-maturity, Allowance for Credit Loss</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLoss" xml:lang="en-US">Investments held-to-maturity, at amortized cost, allowance for credit losses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLoss" xml:lang="en-US">Allowance for Credit Losess</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLoss" xml:lang="en-US">Beginning balance</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLoss" xml:lang="en-US">Ending balance</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLoss" xlink:to="lab_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLoss" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeStatementAbstract" xlink:label="loc_us-gaap_IncomeStatementAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_IncomeStatementAbstract" xml:lang="en-US">Income Statement [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeStatementAbstract" xlink:to="lab_us-gaap_IncomeStatementAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RevenuesAbstract" xlink:label="loc_us-gaap_RevenuesAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_RevenuesAbstract" xml:lang="en-US">Revenues [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_RevenuesAbstract" xml:lang="en-US">Revenues:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RevenuesAbstract" xlink:to="lab_us-gaap_RevenuesAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PremiumsEarnedNetByBusinessAbstract" xlink:label="loc_us-gaap_PremiumsEarnedNetByBusinessAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_PremiumsEarnedNetByBusinessAbstract" xml:lang="en-US">Premiums Earned, Net, by Business [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_PremiumsEarnedNetByBusinessAbstract" xml:lang="en-US">Premiums earned:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PremiumsEarnedNetByBusinessAbstract" xlink:to="lab_us-gaap_PremiumsEarnedNetByBusinessAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PremiumsEarnedNetFinancialGuaranteeInsuranceContracts" xlink:label="loc_us-gaap_PremiumsEarnedNetFinancialGuaranteeInsuranceContracts" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_PremiumsEarnedNetFinancialGuaranteeInsuranceContracts" xml:lang="en-US">Premiums Earned, Net, Financial Guarantee Insurance Contracts</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_PremiumsEarnedNetFinancialGuaranteeInsuranceContracts" xml:lang="en-US">Scheduled premiums earned</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PremiumsEarnedNetFinancialGuaranteeInsuranceContracts" xlink:to="lab_us-gaap_PremiumsEarnedNetFinancialGuaranteeInsuranceContracts" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsAcceleratedPremiumRevenueAmount" xlink:label="loc_us-gaap_FinancialGuaranteeInsuranceContractsAcceleratedPremiumRevenueAmount" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsAcceleratedPremiumRevenueAmount" xml:lang="en-US">Financial Guarantee Insurance Contracts, Accelerated Premium Revenue, Amount</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsAcceleratedPremiumRevenueAmount" xml:lang="en-US">Refunding premiums earned</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancialGuaranteeInsuranceContractsAcceleratedPremiumRevenueAmount" xlink:to="lab_us-gaap_FinancialGuaranteeInsuranceContractsAcceleratedPremiumRevenueAmount" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PremiumsEarnedNet" xlink:label="loc_us-gaap_PremiumsEarnedNet" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_PremiumsEarnedNet" xml:lang="en-US">Premiums Earned, Net</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_PremiumsEarnedNet" xml:lang="en-US">Premiums earned (net of ceded premiums of $1 and $1)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PremiumsEarnedNet" xlink:to="lab_us-gaap_PremiumsEarnedNet" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetInvestmentIncome" xlink:label="loc_us-gaap_NetInvestmentIncome" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_NetInvestmentIncome" xml:lang="en-US">Net Investment Income</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_NetInvestmentIncome" xml:lang="en-US">Net investment income</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetInvestmentIncome" xlink:to="lab_us-gaap_NetInvestmentIncome" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_GainLossOnDerivativeInstrumentsNetPretaxAbstract" xlink:label="loc_us-gaap_GainLossOnDerivativeInstrumentsNetPretaxAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_GainLossOnDerivativeInstrumentsNetPretaxAbstract" xml:lang="en-US">Gain (Loss) on Derivative Instruments, Net, Pretax [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_GainLossOnDerivativeInstrumentsNetPretaxAbstract" xml:lang="en-US">Change in fair value of insured derivatives:</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_UnrealizedGainLossOnDerivatives" xlink:label="loc_us-gaap_UnrealizedGainLossOnDerivatives" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_UnrealizedGainLossOnDerivatives" xml:lang="en-US">Unrealized Gain (Loss) on Derivatives</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_UnrealizedGainLossOnDerivatives" xml:lang="en-US">Unrealized gains (losses) on insured derivatives</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_UnrealizedGainLossOnDerivatives" xml:lang="en-US">Unrealized (gains) losses on insured derivatives</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_UnrealizedGainLossOnDerivatives" xlink:to="lab_us-gaap_UnrealizedGainLossOnDerivatives" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" xlink:label="loc_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" xml:lang="en-US">Net Gains Losses On Financial Instruments At Fair Value And Foreign Exchange</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" xml:lang="en-US">Net gains (losses) on financial instruments at fair value and foreign exchange</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" xml:lang="en-US">Net gains (losses) on financial instruments at fair value and foreign exchange</label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" xml:lang="en-US">Change in the fair value of and realized gains and losses on sale of financial instruments and foreign exchange included in earnings.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAbstract" xlink:label="loc_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAbstract" xml:lang="en-US">Other than Temporary Impairment Losses, Investments [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAbstract" xml:lang="en-US">Net investment losses related to other-than-temporary impairments:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAbstract" xlink:to="lab_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet" xlink:label="loc_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet" xml:lang="en-US">Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="lab_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet" xml:lang="en-US">Net investment losses related to other-than-temporary impairments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet" xml:lang="en-US">Net investment losses related to other-than-temporary impairments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet" xlink:to="lab_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherIncome" xlink:label="loc_us-gaap_OtherIncome" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_OtherIncome" xml:lang="en-US">Other Income</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_OtherIncome" xml:lang="en-US">Other net realized gains (losses)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_OtherIncome" xml:lang="en-US">Other net realized gains (losses)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherIncome" xlink:to="lab_us-gaap_OtherIncome" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities" xlink:label="loc_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities" xml:lang="en-US">Other-than-temporary Impairment Loss, Debt Securities, Available-for-sale, Portion in Other Comprehensive Loss, before Tax, Including Portion Attributable to Noncontrolling Interest</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities" xml:lang="en-US">Other-than-temporary impairments recognized in accumulated other comprehensive income (loss)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="lab_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities" xml:lang="en-US">Net investment losses related to OTTI</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities" xlink:to="lab_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_Revenues" xlink:label="loc_us-gaap_Revenues" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_Revenues" xml:lang="en-US">Revenues</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_Revenues" xml:lang="en-US">Total revenues</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_Revenues" xml:lang="en-US">Total revenues</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_Revenues" xlink:to="lab_us-gaap_Revenues" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities" xlink:label="loc_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities" xml:lang="en-US">Other than Temporary Impairment Losses, Investments, Available-for-sale Securities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities" xml:lang="en-US">Investment losses related to other-than-temporary impairments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities" xlink:to="lab_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingExpensesAbstract" xlink:label="loc_us-gaap_OperatingExpensesAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_OperatingExpensesAbstract" xml:lang="en-US">Operating Expenses [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_OperatingExpensesAbstract" xml:lang="en-US">Expenses:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingExpensesAbstract" xlink:to="lab_us-gaap_OperatingExpensesAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PolicyholderBenefitsAndClaimsIncurredNet" xlink:label="loc_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet" xml:lang="en-US">Policyholder Benefits and Claims Incurred, Net</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet" xml:lang="en-US">Losses and loss adjustment</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet" xlink:to="lab_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense" xlink:label="loc_us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense" xml:lang="en-US">Deferred Policy Acquisition Costs, Amortization Expense</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense" xml:lang="en-US">Amortization of deferred acquisition costs</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense" xlink:to="lab_us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingExpenses" xlink:label="loc_us-gaap_OperatingExpenses" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_OperatingExpenses" xml:lang="en-US">Operating Expenses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_OperatingExpenses" xml:lang="en-US">Operating</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingExpenses" xlink:to="lab_us-gaap_OperatingExpenses" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestExpense" xlink:label="loc_us-gaap_InterestExpense" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_InterestExpense" xml:lang="en-US">Interest Expense</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_InterestExpense" xml:lang="en-US">Interest</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestExpense" xlink:to="lab_us-gaap_InterestExpense" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BenefitsLossesAndExpenses" xlink:label="loc_us-gaap_BenefitsLossesAndExpenses" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_BenefitsLossesAndExpenses" xml:lang="en-US">Benefits, Losses and Expenses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_BenefitsLossesAndExpenses" xml:lang="en-US">Total expenses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_BenefitsLossesAndExpenses" xml:lang="en-US">Total expenses</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BenefitsLossesAndExpenses" xlink:to="lab_us-gaap_BenefitsLossesAndExpenses" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xml:lang="en-US">Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xml:lang="en-US">Income (loss) before income taxes</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xml:lang="en-US">Income (loss) before income taxes</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xml:lang="en-US">Income (loss) before income taxes</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:to="lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_IncomeTaxExpenseBenefit" xml:lang="en-US">Income Tax Expense (Benefit)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_IncomeTaxExpenseBenefit" xml:lang="en-US">Provision (benefit) for income taxes</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit" xlink:to="lab_us-gaap_IncomeTaxExpenseBenefit" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="loc_us-gaap_NetIncomeLoss" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_NetIncomeLoss" xml:lang="en-US">Net Income (Loss) Attributable to Parent</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_NetIncomeLoss" xml:lang="en-US">Net income (loss)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_NetIncomeLoss" xml:lang="en-US">Net income (loss)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetIncomeLoss" xlink:to="lab_us-gaap_NetIncomeLoss" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="loc_us-gaap_EarningsPerShareAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_EarningsPerShareAbstract" xml:lang="en-US">Earnings Per Share [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_EarningsPerShareAbstract" xml:lang="en-US">Net income (loss) per common share:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EarningsPerShareAbstract" xlink:to="lab_us-gaap_EarningsPerShareAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EarningsPerShareBasic" xlink:label="loc_us-gaap_EarningsPerShareBasic" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_EarningsPerShareBasic" xml:lang="en-US">Earnings Per Share, Basic</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_EarningsPerShareBasic" xml:lang="en-US">Basic</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_EarningsPerShareBasic" xml:lang="en-US">Net income (loss) per basic common share</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EarningsPerShareBasic" xlink:to="lab_us-gaap_EarningsPerShareBasic" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EarningsPerShareDiluted" xlink:label="loc_us-gaap_EarningsPerShareDiluted" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_EarningsPerShareDiluted" xml:lang="en-US">Earnings Per Share, Diluted</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_EarningsPerShareDiluted" xml:lang="en-US">Diluted</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_EarningsPerShareDiluted" xml:lang="en-US">Net income (loss) per diluted common share</label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract" xml:lang="en-US">Weighted Average Number of Shares Outstanding, Diluted [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract" xml:lang="en-US">Weighted average number of common shares outstanding:</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xml:lang="en-US">Weighted Average Number of Shares Outstanding, Basic</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xml:lang="en-US">Basic</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xml:lang="en-US">Basic weighted average shares</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:label="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xml:lang="en-US">Weighted Average Number of Shares Outstanding, Diluted</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xml:lang="en-US">Diluted</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xml:lang="en-US">Diluted weighted average shares</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CededPremiumsEarned" xlink:label="loc_us-gaap_CededPremiumsEarned" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_CededPremiumsEarned" xml:lang="en-US">Ceded Premiums Earned</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_CededPremiumsEarned" xml:lang="en-US">Ceded premiums earned</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CededPremiumsEarned" xlink:to="lab_us-gaap_CededPremiumsEarned" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ProductOrServiceAxis" xlink:label="loc_srt_ProductOrServiceAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_srt_ProductOrServiceAxis" xml:lang="en-US">Product and Service [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_ProductOrServiceAxis" xlink:to="lab_srt_ProductOrServiceAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ProductsAndServicesDomain" xlink:label="loc_srt_ProductsAndServicesDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_srt_ProductsAndServicesDomain" xml:lang="en-US">Product and Service [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_ProductsAndServicesDomain" xlink:to="lab_srt_ProductsAndServicesDomain" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceSegmentMember" xlink:label="loc_us-gaap_FinancialGuaranteeInsuranceSegmentMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceSegmentMember" xml:lang="en-US">Financial Guarantee Insurance Product Line [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceSegmentMember" xml:lang="en-US">Financial Guarantee Insurance Segment [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancialGuaranteeInsuranceSegmentMember" xlink:to="lab_us-gaap_FinancialGuaranteeInsuranceSegmentMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementOfStockholdersEquityAbstract" xlink:label="loc_us-gaap_StatementOfStockholdersEquityAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_StatementOfStockholdersEquityAbstract" xml:lang="en-US">Statement of Stockholders' Equity [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementOfStockholdersEquityAbstract" xlink:to="lab_us-gaap_StatementOfStockholdersEquityAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:label="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xml:lang="en-US">Statement of Comprehensive Income [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xml:lang="en-US">Statements of Comprehensive Income (Loss)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:to="lab_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxAbstract" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTaxAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ComprehensiveIncomeNetOfTaxAbstract" xml:lang="en-US">Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_ComprehensiveIncomeNetOfTaxAbstract" xml:lang="en-US">Other comprehensive income (loss):</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTaxAbstract" xlink:to="lab_us-gaap_ComprehensiveIncomeNetOfTaxAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParentAbstract" xlink:label="loc_us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParentAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParentAbstract" xml:lang="en-US">Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax, Portion Attributable to Parent [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParentAbstract" xml:lang="en-US">Available-for-sale securities with no credit losses:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParentAbstract" xlink:to="lab_us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParentAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax" xml:lang="en-US">Other Comprehensive Income (Loss), Securities, Available-for-Sale, Unrealized Holding Gain (Loss) Arising During Period, before Tax</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax" xml:lang="en-US">Unrealized gains (losses) arising during the period</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax" xlink:to="lab_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax" xml:lang="en-US">Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax" xml:lang="en-US">Reclassification adjustments for (gains) losses included in net income (loss)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax" xlink:to="lab_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AociGainLossDebtSecuritiesAvailableForSaleWithAllowanceForCreditLossAbstract" xlink:label="loc_us-gaap_AociGainLossDebtSecuritiesAvailableForSaleWithAllowanceForCreditLossAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AociGainLossDebtSecuritiesAvailableForSaleWithAllowanceForCreditLossAbstract" xml:lang="en-US">AOCI, Gain (Loss), Debt Securities, Available-for-sale, with Allowance for Credit Loss [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_AociGainLossDebtSecuritiesAvailableForSaleWithAllowanceForCreditLossAbstract" xml:lang="en-US">Available-for-sale securities with credit losses:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AociGainLossDebtSecuritiesAvailableForSaleWithAllowanceForCreditLossAbstract" xlink:to="lab_us-gaap_AociGainLossDebtSecuritiesAvailableForSaleWithAllowanceForCreditLossAbstract" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_AociAvailableForSaleSecuritiesWithAllowanceForCreditLossAdjustmentsForGainsLossesIncludedInNetIncomeLoss" xlink:label="loc_mbi_AociAvailableForSaleSecuritiesWithAllowanceForCreditLossAdjustmentsForGainsLossesIncludedInNetIncomeLoss" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_AociAvailableForSaleSecuritiesWithAllowanceForCreditLossAdjustmentsForGainsLossesIncludedInNetIncomeLoss" xml:lang="en-US">AOCI Available for sale Securities with Allowance for Credit Loss adjustments for gains losses included in net income loss</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_AociAvailableForSaleSecuritiesWithAllowanceForCreditLossAdjustmentsForGainsLossesIncludedInNetIncomeLoss" xml:lang="en-US">Reclassification adjustments for (gains) losses included in net income (loss)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_AociAvailableForSaleSecuritiesWithAllowanceForCreditLossAdjustmentsForGainsLossesIncludedInNetIncomeLoss" xlink:to="lab_mbi_AociAvailableForSaleSecuritiesWithAllowanceForCreditLossAdjustmentsForGainsLossesIncludedInNetIncomeLoss" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_AociAvailableForSaleSecuritiesWithAllowanceForCreditLossAdjustmentsForGainsLossesIncludedInNetIncomeLoss" xml:lang="en-US">AOCI Available-for-sale Securities with Allowance for Credit Loss, adjustments for (gains) losses included in net income (loss).</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_AociAvailableforsaleSecuritiesWithAllowanceForCreditLossUnrealizedGainlossBeforeTax" xlink:label="loc_mbi_AociAvailableforsaleSecuritiesWithAllowanceForCreditLossUnrealizedGainlossBeforeTax" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_AociAvailableforsaleSecuritiesWithAllowanceForCreditLossUnrealizedGainlossBeforeTax" xml:lang="en-US">AOCI Availableforsale Securities with Allowance for Credit Loss Unrealized Gain Loss before Tax</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_AociAvailableforsaleSecuritiesWithAllowanceForCreditLossUnrealizedGainlossBeforeTax" xml:lang="en-US">Unrealized gains (losses) arising during the period</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_AociAvailableforsaleSecuritiesWithAllowanceForCreditLossUnrealizedGainlossBeforeTax" xlink:to="lab_mbi_AociAvailableforsaleSecuritiesWithAllowanceForCreditLossUnrealizedGainlossBeforeTax" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_AociAvailableforsaleSecuritiesWithAllowanceForCreditLossUnrealizedGainlossBeforeTax" xml:lang="en-US">AOCI, , Available-for-sale Securities with Allowance for Credit Loss, Unrealized Gain (Loss), before Tax.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:label="loc_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract" xml:lang="en-US">Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract" xml:lang="en-US">Foreign currency translation:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:to="lab_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax" xml:lang="en-US">Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss), before Reclassification and Tax</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax" xml:lang="en-US">Foreign currency translation gains (losses)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax" xlink:to="lab_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionAfterTaxAndReclassificationAdjustmentAttributableToParentAbstract" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionAfterTaxAndReclassificationAdjustmentAttributableToParentAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionAfterTaxAndReclassificationAdjustmentAttributableToParentAbstract" xml:lang="en-US">Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, after Tax and Reclassification Adjustment, Attributable to Parent [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionAfterTaxAndReclassificationAdjustmentAttributableToParentAbstract" xml:lang="en-US">Instrument-specific credit risk of liabilities measured at fair value:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionAfterTaxAndReclassificationAdjustmentAttributableToParentAbstract" xlink:to="lab_us-gaap_OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionAfterTaxAndReclassificationAdjustmentAttributableToParentAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionUnrealizedGainLossArisingDuringPeriodBeforeTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionUnrealizedGainLossArisingDuringPeriodBeforeTax" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionUnrealizedGainLossArisingDuringPeriodBeforeTax" xml:lang="en-US">Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, Unrealized Gain (Loss) Arising During Period, before Tax</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionUnrealizedGainLossArisingDuringPeriodBeforeTax" xml:lang="en-US">Unrealized gains (losses) arising during the period</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionUnrealizedGainLossArisingDuringPeriodBeforeTax" xlink:to="lab_us-gaap_OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionUnrealizedGainLossArisingDuringPeriodBeforeTax" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionReclassificationAdjustmentFromAociForDerecognitionBeforeTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionReclassificationAdjustmentFromAociForDerecognitionBeforeTax" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionReclassificationAdjustmentFromAociForDerecognitionBeforeTax" xml:lang="en-US">Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, Reclassification Adjustment from AOCI for Derecognition, before Tax</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionReclassificationAdjustmentFromAociForDerecognitionBeforeTax" xml:lang="en-US">Reclassification adjustments for (gains) losses included in net income (loss)</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent" xml:lang="en-US">Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent" xml:lang="en-US">Total other comprehensive income (loss)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent" xml:lang="en-US">Other comprehensive income (loss)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent" xlink:to="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTax" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTax" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ComprehensiveIncomeNetOfTax" xml:lang="en-US">Comprehensive Income (Loss), Net of Tax, Attributable to Parent</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_ComprehensiveIncomeNetOfTax" xml:lang="en-US">Comprehensive income (loss)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTax" xlink:to="lab_us-gaap_ComprehensiveIncomeNetOfTax" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_EffectOfNewAccountingPrinciple" xlink:label="loc_mbi_EffectOfNewAccountingPrinciple" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_EffectOfNewAccountingPrinciple" xml:lang="en-US">Effect Of New Accounting Principle</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_EffectOfNewAccountingPrinciple" xml:lang="en-US">ASU 2016-13 transition adjustment</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_EffectOfNewAccountingPrinciple" xlink:to="lab_mbi_EffectOfNewAccountingPrinciple" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_EffectOfNewAccountingPrinciple" xml:lang="en-US">Cumulative effect of prospective application of new accounting principle</label>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TreasuryStockValueAcquiredCostMethod" xlink:label="loc_us-gaap_TreasuryStockValueAcquiredCostMethod" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_TreasuryStockValueAcquiredCostMethod" xml:lang="en-US">Treasury Stock, Value, Acquired, Cost Method</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_TreasuryStockValueAcquiredCostMethod" xml:lang="en-US">Treasury shares acquired under share repurchase program</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TreasuryStockValueAcquiredCostMethod" xlink:to="lab_us-gaap_TreasuryStockValueAcquiredCostMethod" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TreasuryStockSharesAcquired" xlink:label="loc_us-gaap_TreasuryStockSharesAcquired" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_TreasuryStockSharesAcquired" xml:lang="en-US">Treasury Stock, Shares, Acquired</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_TreasuryStockSharesAcquired" xml:lang="en-US">Treasury shares acquired under share repurchase program (in shares)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TreasuryStockSharesAcquired" xlink:to="lab_us-gaap_TreasuryStockSharesAcquired" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockholdersEquityOther" xlink:label="loc_us-gaap_StockholdersEquityOther" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_StockholdersEquityOther" xml:lang="en-US">Stockholders' Equity, Other</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_StockholdersEquityOther" xml:lang="en-US">Other</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockholdersEquityOther" xlink:to="lab_us-gaap_StockholdersEquityOther" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockholdersEquityPeriodIncreaseDecrease" xlink:label="loc_us-gaap_StockholdersEquityPeriodIncreaseDecrease" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_StockholdersEquityPeriodIncreaseDecrease" xml:lang="en-US">Stockholders' Equity, Period Increase (Decrease)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_StockholdersEquityPeriodIncreaseDecrease" xml:lang="en-US">Period change</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockholdersEquityPeriodIncreaseDecrease" xlink:to="lab_us-gaap_StockholdersEquityPeriodIncreaseDecrease" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockholdersEquityOtherShares" xlink:label="loc_us-gaap_StockholdersEquityOtherShares" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_StockholdersEquityOtherShares" xml:lang="en-US">Stockholders' Equity, Other Shares</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_StockholdersEquityOtherShares" xml:lang="en-US">Others (in shares)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockholdersEquityOtherShares" xlink:to="lab_us-gaap_StockholdersEquityOtherShares" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="loc_us-gaap_StatementEquityComponentsAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_StatementEquityComponentsAxis" xml:lang="en-US">Equity Components [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementEquityComponentsAxis" xlink:to="lab_us-gaap_StatementEquityComponentsAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="loc_us-gaap_EquityComponentDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_EquityComponentDomain" xml:lang="en-US">Equity Component [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EquityComponentDomain" xlink:to="lab_us-gaap_EquityComponentDomain" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PreferredStockMember" xlink:label="loc_us-gaap_PreferredStockMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_PreferredStockMember" xml:lang="en-US">Preferred Stock [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_PreferredStockMember" xml:lang="en-US">Preferred Stock [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PreferredStockMember" xlink:to="lab_us-gaap_PreferredStockMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ParentMember" xlink:label="loc_us-gaap_ParentMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ParentMember" xml:lang="en-US">Parent [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_ParentMember" xml:lang="en-US">Total Shareholders' Equity Of MBIA Inc. [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ParentMember" xlink:to="lab_us-gaap_ParentMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockMember" xlink:label="loc_us-gaap_CommonStockMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_CommonStockMember" xml:lang="en-US">Common Stock [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_CommonStockMember" xml:lang="en-US">Common Stock [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommonStockMember" xlink:to="lab_us-gaap_CommonStockMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember" xlink:label="loc_us-gaap_AdditionalPaidInCapitalMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AdditionalPaidInCapitalMember" xml:lang="en-US">Additional Paid-in Capital [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_AdditionalPaidInCapitalMember" xml:lang="en-US">Additional Paid-in Capital [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AdditionalPaidInCapitalMember" xlink:to="lab_us-gaap_AdditionalPaidInCapitalMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RetainedEarningsMember" xlink:label="loc_us-gaap_RetainedEarningsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_RetainedEarningsMember" xml:lang="en-US">Retained Earnings [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_RetainedEarningsMember" xml:lang="en-US">Retained Earnings [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RetainedEarningsMember" xlink:to="lab_us-gaap_RetainedEarningsMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AccumulatedOtherComprehensiveIncomeMember" xml:lang="en-US">AOCI Attributable to Parent [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_AccumulatedOtherComprehensiveIncomeMember" xml:lang="en-US">Accumulated Other Comprehensive Income (Loss) [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:to="lab_us-gaap_AccumulatedOtherComprehensiveIncomeMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TreasuryStockMember" xlink:label="loc_us-gaap_TreasuryStockMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_TreasuryStockMember" xml:lang="en-US">Treasury Stock [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_TreasuryStockMember" xml:lang="en-US">Treasury Stock [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TreasuryStockMember" xlink:to="lab_us-gaap_TreasuryStockMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AdjustmentsForNewAccountingPronouncementsAxis" xlink:label="loc_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis" xml:lang="en-US">Adjustments for New Accounting Pronouncements [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis" xlink:to="lab_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TypeOfAdoptionMember" xlink:label="loc_us-gaap_TypeOfAdoptionMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_TypeOfAdoptionMember" xml:lang="en-US">Type of Adoption [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TypeOfAdoptionMember" xlink:to="lab_us-gaap_TypeOfAdoptionMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccountingStandardsUpdate201613Member" xlink:label="loc_us-gaap_AccountingStandardsUpdate201613Member" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AccountingStandardsUpdate201613Member" xml:lang="en-US">Accounting Standards Update 2016-13 [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_AccountingStandardsUpdate201613Member" xml:lang="en-US">ASU 2016-13 [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccountingStandardsUpdate201613Member" xlink:to="lab_us-gaap_AccountingStandardsUpdate201613Member" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:label="loc_us-gaap_StatementOfCashFlowsAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_StatementOfCashFlowsAbstract" xml:lang="en-US">Statement of Cash Flows [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract" xlink:to="lab_us-gaap_StatementOfCashFlowsAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract" xml:lang="en-US">Net Cash Provided by (Used in) Operating Activities, Continuing Operations [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract" xml:lang="en-US">Cash flows from operating activities:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract" xlink:to="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromInsurancePremiumsCollected" xlink:label="loc_us-gaap_ProceedsFromInsurancePremiumsCollected" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ProceedsFromInsurancePremiumsCollected" xml:lang="en-US">Proceeds from Insurance Premiums Collected</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_ProceedsFromInsurancePremiumsCollected" xml:lang="en-US">Premiums, fees and reimbursements received</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromInsurancePremiumsCollected" xlink:to="lab_us-gaap_ProceedsFromInsurancePremiumsCollected" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromInterestAndDividendsReceived" xlink:label="loc_us-gaap_ProceedsFromInterestAndDividendsReceived" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ProceedsFromInterestAndDividendsReceived" xml:lang="en-US">Proceeds from Interest and Dividends Received</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_ProceedsFromInterestAndDividendsReceived" xml:lang="en-US">Investment income received</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromInterestAndDividendsReceived" xlink:to="lab_us-gaap_ProceedsFromInterestAndDividendsReceived" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsForLossesAndLossAdjustmentExpense" xlink:label="loc_us-gaap_PaymentsForLossesAndLossAdjustmentExpense" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_PaymentsForLossesAndLossAdjustmentExpense" xml:lang="en-US">Liability for Unpaid Claims and Claims Adjustment Expense, Claims Paid</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_PaymentsForLossesAndLossAdjustmentExpense" xml:lang="en-US">Financial guarantee losses and loss adjustment expenses paid</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsForLossesAndLossAdjustmentExpense" xlink:to="lab_us-gaap_PaymentsForLossesAndLossAdjustmentExpense" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_ProceedsFromReinsuranceAndRecoveries" xlink:label="loc_mbi_ProceedsFromReinsuranceAndRecoveries" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_ProceedsFromReinsuranceAndRecoveries" xml:lang="en-US">Proceeds From Reinsurance And Recoveries</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_ProceedsFromReinsuranceAndRecoveries" xml:lang="en-US">Proceeds from recoveries and reinsurance</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_ProceedsFromReinsuranceAndRecoveries" xlink:to="lab_mbi_ProceedsFromReinsuranceAndRecoveries" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_ProceedsFromReinsuranceAndRecoveries" xml:lang="en-US">Proceeds from reinsurance and recoveries</label>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsForOtherOperatingActivities" xlink:label="loc_us-gaap_PaymentsForOtherOperatingActivities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_PaymentsForOtherOperatingActivities" xml:lang="en-US">Payments for Other Operating Activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_PaymentsForOtherOperatingActivities" xml:lang="en-US">Operating and employee related expenses paid</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsForOtherOperatingActivities" xlink:to="lab_us-gaap_PaymentsForOtherOperatingActivities" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestPaidNet" xlink:label="loc_us-gaap_InterestPaidNet" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_InterestPaidNet" xml:lang="en-US">Interest Paid, Excluding Capitalized Interest, Operating Activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_InterestPaidNet" xml:lang="en-US">Interest paid, net of interest converted to principal</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestPaidNet" xlink:to="lab_us-gaap_InterestPaidNet" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeTaxesPaidNet" xlink:label="loc_us-gaap_IncomeTaxesPaidNet" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_IncomeTaxesPaidNet" xml:lang="en-US">Income Taxes Paid, Net</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_IncomeTaxesPaidNet" xml:lang="en-US">Income taxes (paid) received</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeTaxesPaidNet" xlink:to="lab_us-gaap_IncomeTaxesPaidNet" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities" xml:lang="en-US">Net Cash Provided by (Used in) Operating Activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities" xml:lang="en-US">Net cash provided (used) by operating activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities" xml:lang="en-US">Net cash provided (used) by operating activities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:to="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xml:lang="en-US">Net Cash Provided by (Used in) Investing Activities, Continuing Operations [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xml:lang="en-US">Cash flows from investing activities:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:to="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsToAcquireAvailableForSaleSecurities" xlink:label="loc_us-gaap_PaymentsToAcquireAvailableForSaleSecurities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_PaymentsToAcquireAvailableForSaleSecurities" xml:lang="en-US">Payments to Acquire Available-for-sale Securities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_PaymentsToAcquireAvailableForSaleSecurities" xml:lang="en-US">Purchases of available-for-sale investments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsToAcquireAvailableForSaleSecurities" xlink:to="lab_us-gaap_PaymentsToAcquireAvailableForSaleSecurities" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities" xlink:label="loc_us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities" xml:lang="en-US">Proceeds from Sale of Available-for-sale Securities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities" xml:lang="en-US">Sales of available-for-sale investments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities" xlink:to="lab_us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities" xlink:label="loc_us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities" xml:lang="en-US">Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities" xml:lang="en-US">Paydowns and maturities of available-for-sale investments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities" xlink:to="lab_us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsToAcquireTradingSecuritiesHeldforinvestment" xlink:label="loc_us-gaap_PaymentsToAcquireTradingSecuritiesHeldforinvestment" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_PaymentsToAcquireTradingSecuritiesHeldforinvestment" xml:lang="en-US">Payments to Acquire Trading Securities Held-for-investment</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="lab_us-gaap_PaymentsToAcquireTradingSecuritiesHeldforinvestment" xml:lang="en-US">Purchases of investments at fair value</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsToAcquireTradingSecuritiesHeldforinvestment" xlink:to="lab_us-gaap_PaymentsToAcquireTradingSecuritiesHeldforinvestment" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromSaleAndCollectionOfLoansReceivable" xlink:label="loc_us-gaap_ProceedsFromSaleAndCollectionOfLoansReceivable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ProceedsFromSaleAndCollectionOfLoansReceivable" xml:lang="en-US">Proceeds from Sale and Collection of Loans Receivable</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_ProceedsFromSaleAndCollectionOfLoansReceivable" xml:lang="en-US">Paydowns and maturities of loans receivable</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromSaleAndCollectionOfLoansReceivable" xlink:to="lab_us-gaap_ProceedsFromSaleAndCollectionOfLoansReceivable" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_ProceedsFromConsolidationOfVariableInterestEntity" xlink:label="loc_mbi_ProceedsFromConsolidationOfVariableInterestEntity" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_ProceedsFromConsolidationOfVariableInterestEntity" xml:lang="en-US">Proceeds From Consolidation Of Variable Interest Entity</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_ProceedsFromConsolidationOfVariableInterestEntity" xml:lang="en-US">Consolidation of variable interest entities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_ProceedsFromConsolidationOfVariableInterestEntity" xlink:to="lab_mbi_ProceedsFromConsolidationOfVariableInterestEntity" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_ProceedsFromConsolidationOfVariableInterestEntity" xml:lang="en-US">Cash inflows from consolidation of variable interest entities.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsForProceedsFromDerivativeInstrumentInvestingActivities" xlink:label="loc_us-gaap_PaymentsForProceedsFromDerivativeInstrumentInvestingActivities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_PaymentsForProceedsFromDerivativeInstrumentInvestingActivities" xml:lang="en-US">Payments for (Proceeds from) Derivative Instrument, Investing Activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_PaymentsForProceedsFromDerivativeInstrumentInvestingActivities" xml:lang="en-US">(Payments) proceeds for derivative settlements</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsForProceedsFromDerivativeInstrumentInvestingActivities" xlink:to="lab_us-gaap_PaymentsForProceedsFromDerivativeInstrumentInvestingActivities" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities" xml:lang="en-US">Net Cash Provided by (Used in) Investing Activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities" xml:lang="en-US">Net cash provided (used) by investing activities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:to="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseCashCollateralFromCounterparties" xlink:label="loc_us-gaap_IncreaseDecreaseCashCollateralFromCounterparties" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_IncreaseDecreaseCashCollateralFromCounterparties" xml:lang="en-US">Increase (Decrease) Cash Collateral from Counterparties</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_IncreaseDecreaseCashCollateralFromCounterparties" xml:lang="en-US">Collateral (to) from counterparties</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseCashCollateralFromCounterparties" xlink:to="lab_us-gaap_IncreaseDecreaseCashCollateralFromCounterparties" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromSaleOfTradingSecuritiesHeldforinvestment" xlink:label="loc_us-gaap_ProceedsFromSaleOfTradingSecuritiesHeldforinvestment" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ProceedsFromSaleOfTradingSecuritiesHeldforinvestment" xml:lang="en-US">Proceeds from Sale of Debt and Equity Securities, FV-NI, Held-for-investment</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_ProceedsFromSaleOfTradingSecuritiesHeldforinvestment" xml:lang="en-US">Sales, paydowns, maturities and other proceeds of investments at fair value</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromSaleOfTradingSecuritiesHeldforinvestment" xlink:to="lab_us-gaap_ProceedsFromSaleOfTradingSecuritiesHeldforinvestment" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsForProceedsFromShortTermInvestments" xlink:label="loc_us-gaap_PaymentsForProceedsFromShortTermInvestments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_PaymentsForProceedsFromShortTermInvestments" xml:lang="en-US">Payments for (Proceeds from) Short-term Investments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="lab_us-gaap_PaymentsForProceedsFromShortTermInvestments" xml:lang="en-US">Sales, paydowns and maturities (purchases) of short-term investments, net</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsForProceedsFromShortTermInvestments" xlink:to="lab_us-gaap_PaymentsForProceedsFromShortTermInvestments" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromMaturitiesRepaymentsAndCallsOfTradingSecuritiesHeldforinvestment" xlink:label="loc_us-gaap_ProceedsFromMaturitiesRepaymentsAndCallsOfTradingSecuritiesHeldforinvestment" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ProceedsFromMaturitiesRepaymentsAndCallsOfTradingSecuritiesHeldforinvestment" xml:lang="en-US">Proceeds from Maturities, Repayments and Calls of Debt Securities, FV-NI, Held-for-investment</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_ProceedsFromMaturitiesRepaymentsAndCallsOfTradingSecuritiesHeldforinvestment" xml:lang="en-US">Sales, paydowns and maturities of held-to-maturity investments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromMaturitiesRepaymentsAndCallsOfTradingSecuritiesHeldforinvestment" xlink:to="lab_us-gaap_ProceedsFromMaturitiesRepaymentsAndCallsOfTradingSecuritiesHeldforinvestment" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract" xml:lang="en-US">Net Cash Provided by (Used in) Financing Activities, Continuing Operations [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract" xml:lang="en-US">Cash flows from financing activities:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract" xlink:to="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromIssuanceOfOtherLongTermDebt" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfOtherLongTermDebt" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ProceedsFromIssuanceOfOtherLongTermDebt" xml:lang="en-US">Proceeds from Issuance of Other Long-term Debt</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_ProceedsFromIssuanceOfOtherLongTermDebt" xml:lang="en-US">Proceeds from investment agreements</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromIssuanceOfOtherLongTermDebt" xlink:to="lab_us-gaap_ProceedsFromIssuanceOfOtherLongTermDebt" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RepaymentsOfOtherLongTermDebt" xlink:label="loc_us-gaap_RepaymentsOfOtherLongTermDebt" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_RepaymentsOfOtherLongTermDebt" xml:lang="en-US">Repayments of Other Long-term Debt</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_RepaymentsOfOtherLongTermDebt" xml:lang="en-US">Principal paydowns of investment agreements</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RepaymentsOfOtherLongTermDebt" xlink:to="lab_us-gaap_RepaymentsOfOtherLongTermDebt" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RepaymentsOfNotesPayable" xlink:label="loc_us-gaap_RepaymentsOfNotesPayable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_RepaymentsOfNotesPayable" xml:lang="en-US">Repayments of Notes Payable</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_RepaymentsOfNotesPayable" xml:lang="en-US">Principal paydowns of variable interest entity notes</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RepaymentsOfNotesPayable" xlink:to="lab_us-gaap_RepaymentsOfNotesPayable" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:label="loc_us-gaap_PaymentsForRepurchaseOfCommonStock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_PaymentsForRepurchaseOfCommonStock" xml:lang="en-US">Payments for Repurchase of Common Stock</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_PaymentsForRepurchaseOfCommonStock" xml:lang="en-US">Purchases of treasury stock</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:to="lab_us-gaap_PaymentsForRepurchaseOfCommonStock" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities" xml:lang="en-US">Net Cash Provided by (Used in) Financing Activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities" xml:lang="en-US">Net cash provided (used) by financing activities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:to="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect" xml:lang="en-US">Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect" xml:lang="en-US">Net increase (decrease) in cash and cash equivalents</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect" xlink:to="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_ReconciliationOfNetIncomeLossToNetCashProvidedUsedByOperatingActivitiesAbstract" xlink:label="loc_mbi_ReconciliationOfNetIncomeLossToNetCashProvidedUsedByOperatingActivitiesAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_ReconciliationOfNetIncomeLossToNetCashProvidedUsedByOperatingActivitiesAbstract" xml:lang="en-US">Reconciliation Of Net Income Loss To Net Cash Provided Used By Operating Activities [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_ReconciliationOfNetIncomeLossToNetCashProvidedUsedByOperatingActivitiesAbstract" xml:lang="en-US">Reconciliation of net income (loss) to net cash provided (used) by operating activities:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_ReconciliationOfNetIncomeLossToNetCashProvidedUsedByOperatingActivitiesAbstract" xlink:to="lab_mbi_ReconciliationOfNetIncomeLossToNetCashProvidedUsedByOperatingActivitiesAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_ReconciliationOfNetIncomeLossToNetCashProvidedUsedByOperatingActivitiesAbstract" xml:lang="en-US">Reconciliation of net income loss to net cash provided used by operating activities [abstract]</label>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xml:lang="en-US">Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xml:lang="en-US">Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities: [Abstract]</label>
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<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_ChangeInAbstract" xlink:label="loc_mbi_ChangeInAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_ChangeInAbstract" xml:lang="en-US">Change In [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_ChangeInAbstract" xml:lang="en-US">Change in:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_ChangeInAbstract" xlink:to="lab_mbi_ChangeInAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInPremiumsReceivable" xlink:label="loc_us-gaap_IncreaseDecreaseInPremiumsReceivable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_IncreaseDecreaseInPremiumsReceivable" xml:lang="en-US">Increase (Decrease) in Premiums Receivable</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_IncreaseDecreaseInPremiumsReceivable" xml:lang="en-US">Premiums receivable</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInPremiumsReceivable" xlink:to="lab_us-gaap_IncreaseDecreaseInPremiumsReceivable" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts" xlink:label="loc_us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts" xml:lang="en-US">Increase (Decrease) in Deferred Policy Acquisition Costs</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts" xml:lang="en-US">Deferred acquisition costs</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts" xlink:to="lab_us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInUnearnedPremiums" xlink:label="loc_us-gaap_IncreaseDecreaseInUnearnedPremiums" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_IncreaseDecreaseInUnearnedPremiums" xml:lang="en-US">Increase (Decrease) in Unearned Premiums</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_IncreaseDecreaseInUnearnedPremiums" xml:lang="en-US">Unearned premium revenue</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_IncreaseDecreaseInUnearnedPremiums" xml:lang="en-US">Changes in unearned premium revenue</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInUnearnedPremiums" xlink:to="lab_us-gaap_IncreaseDecreaseInUnearnedPremiums" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve" xlink:label="loc_us-gaap_IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve" xml:lang="en-US">Increase (Decrease) in Liability for Claims and Claims Adjustment Expense Reserve</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve" xml:lang="en-US">Loss and loss adjustment expense reserves</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve" xlink:to="lab_us-gaap_IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_IncreaseDecreaseInInsuranceLossRecoverable" xlink:label="loc_mbi_IncreaseDecreaseInInsuranceLossRecoverable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_IncreaseDecreaseInInsuranceLossRecoverable" xml:lang="en-US">Increase Decrease In Insurance Loss Recoverable</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_mbi_IncreaseDecreaseInInsuranceLossRecoverable" xml:lang="en-US">Insurance loss recoverable</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_IncreaseDecreaseInInsuranceLossRecoverable" xlink:to="lab_mbi_IncreaseDecreaseInInsuranceLossRecoverable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_IncreaseDecreaseInInsuranceLossRecoverable" xml:lang="en-US">Increase decrease in carrying amount as of the balance sheet date of amounts expected to be recovered under the terms of insurance contracts related to recoveries related to commitments to repurchase ineligible loans within an (issue) and recoveries expected on paid claims.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInInterestPayableNet" xlink:label="loc_us-gaap_IncreaseDecreaseInInterestPayableNet" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_IncreaseDecreaseInInterestPayableNet" xml:lang="en-US">Increase (Decrease) in Interest Payable, Net</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_IncreaseDecreaseInInterestPayableNet" xml:lang="en-US">Accrued interest payable</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInInterestPayableNet" xlink:to="lab_us-gaap_IncreaseDecreaseInInterestPayableNet" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInAccruedLiabilities" xlink:label="loc_us-gaap_IncreaseDecreaseInAccruedLiabilities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_IncreaseDecreaseInAccruedLiabilities" xml:lang="en-US">Increase (Decrease) in Accrued Liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_IncreaseDecreaseInAccruedLiabilities" xml:lang="en-US">Accrued expenses</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInAccruedLiabilities" xlink:to="lab_us-gaap_IncreaseDecreaseInAccruedLiabilities" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_NetOtherThanTemporaryImpairments" xlink:label="loc_mbi_NetOtherThanTemporaryImpairments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_NetOtherThanTemporaryImpairments" xml:lang="en-US">Net Other Than Temporary Impairments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_NetOtherThanTemporaryImpairments" xml:lang="en-US">Net investment losses related to other-than-temporary impairments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_NetOtherThanTemporaryImpairments" xlink:to="lab_mbi_NetOtherThanTemporaryImpairments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_NetOtherThanTemporaryImpairments" xml:lang="en-US">Net Other Than Temporary Impairments</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_IncreaseDecreaseInNetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" xlink:label="loc_mbi_IncreaseDecreaseInNetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_IncreaseDecreaseInNetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" xml:lang="en-US">Increase Decrease In Net Gains Losses On Financial Instruments At Fair Value And Foreign Exchange</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_mbi_IncreaseDecreaseInNetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" xml:lang="en-US">Net (gains) losses on financial instruments at fair value and foreign exchange</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_IncreaseDecreaseInNetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" xlink:to="lab_mbi_IncreaseDecreaseInNetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_IncreaseDecreaseInNetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" xml:lang="en-US">Increase Decrease In Net Gains Losses On Financial Instruments At Fair Value And Foreign Exchange.</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_IncreaseDecreaseInOtherNetRealizedGainsLosses" xlink:label="loc_mbi_IncreaseDecreaseInOtherNetRealizedGainsLosses" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_IncreaseDecreaseInOtherNetRealizedGainsLosses" xml:lang="en-US">Increase Decrease In Other Net Realized Gains Losses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_IncreaseDecreaseInOtherNetRealizedGainsLosses" xml:lang="en-US">Other net realized (gains) losses</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_IncreaseDecreaseInOtherNetRealizedGainsLosses" xlink:to="lab_mbi_IncreaseDecreaseInOtherNetRealizedGainsLosses" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_IncreaseDecreaseInOtherNetRealizedGainsLosses" xml:lang="en-US">Increase decrease in other net Realized Gains Losses</label>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherNoncashIncomeExpense" xlink:label="loc_us-gaap_OtherNoncashIncomeExpense" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_OtherNoncashIncomeExpense" xml:lang="en-US">Other Noncash Income (Expense)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_OtherNoncashIncomeExpense" xml:lang="en-US">Other operating</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherNoncashIncomeExpense" xlink:to="lab_us-gaap_OtherNoncashIncomeExpense" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities" xlink:label="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities" xml:lang="en-US">Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities" xml:lang="en-US">Total adjustments to net income (loss)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities" xlink:to="lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="loc_us-gaap_TextBlockAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_TextBlockAbstract" xml:lang="en-US">Text Block [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_TextBlockAbstract" xml:lang="en-US">Text Block [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TextBlockAbstract" xlink:to="lab_us-gaap_TextBlockAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NatureOfOperations" xlink:label="loc_us-gaap_NatureOfOperations" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_NatureOfOperations" xml:lang="en-US">Nature of Operations [Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_NatureOfOperations" xml:lang="en-US">Business Developments and Risks and Uncertainties</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NatureOfOperations" xlink:to="lab_us-gaap_NatureOfOperations" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SignificantAccountingPoliciesTextBlock" xlink:label="loc_us-gaap_SignificantAccountingPoliciesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_SignificantAccountingPoliciesTextBlock" xml:lang="en-US">Significant Accounting Policies [Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_SignificantAccountingPoliciesTextBlock" xml:lang="en-US">Significant Accounting Policies</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SignificantAccountingPoliciesTextBlock" xlink:to="lab_us-gaap_SignificantAccountingPoliciesTextBlock" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock" xlink:label="loc_us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock" xml:lang="en-US">New Accounting Pronouncements and Changes in Accounting Principles [Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock" xml:lang="en-US">Recent Accounting Pronouncements</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock" xlink:to="lab_us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTextBlock" xlink:label="loc_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock" xml:lang="en-US">Schedule of Variable Interest Entities [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock" xml:lang="en-US">Variable Interest Entities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock" xlink:to="lab_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LiabilityForFuturePolicyBenefitsAndUnpaidClaimsDisclosureTextBlock" xlink:label="loc_us-gaap_LiabilityForFuturePolicyBenefitsAndUnpaidClaimsDisclosureTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_LiabilityForFuturePolicyBenefitsAndUnpaidClaimsDisclosureTextBlock" xml:lang="en-US">Liability for Future Policy Benefits and Unpaid Claims Disclosure [Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_LiabilityForFuturePolicyBenefitsAndUnpaidClaimsDisclosureTextBlock" xml:lang="en-US">Loss and Loss Adjustment Expense Reserves</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LiabilityForFuturePolicyBenefitsAndUnpaidClaimsDisclosureTextBlock" xlink:to="lab_us-gaap_LiabilityForFuturePolicyBenefitsAndUnpaidClaimsDisclosureTextBlock" />
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueDisclosuresTextBlock" xml:lang="en-US">Fair Value Disclosures [Text Block]</label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_MarketableSecuritiesTextBlock" xml:lang="en-US">Marketable Securities [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_MarketableSecuritiesTextBlock" xml:lang="en-US">Investments</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock" />
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_IncomeTaxDisclosureTextBlock" xml:lang="en-US">Income Tax Disclosure [Text Block]</label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_SegmentReportingDisclosureTextBlock" xml:lang="en-US">Segment Reporting Disclosure [Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_SegmentReportingDisclosureTextBlock" xml:lang="en-US">Business Segments</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EarningsPerShareTextBlock" xlink:label="loc_us-gaap_EarningsPerShareTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_EarningsPerShareTextBlock" xml:lang="en-US">Earnings Per Share [Text Block]</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ComprehensiveIncomeNoteTextBlock" xlink:label="loc_us-gaap_ComprehensiveIncomeNoteTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ComprehensiveIncomeNoteTextBlock" xml:lang="en-US">Comprehensive Income (Loss) Note [Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_ComprehensiveIncomeNoteTextBlock" xml:lang="en-US">Accumulated Other Comprehensive Income</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xml:lang="en-US">Commitments and Contingencies Disclosure [Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xml:lang="en-US">Commitments and Contingencies</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BasisOfAccountingPolicyPolicyTextBlock" xlink:label="loc_us-gaap_BasisOfAccountingPolicyPolicyTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_BasisOfAccountingPolicyPolicyTextBlock" xml:lang="en-US">Basis of Accounting, Policy [Policy Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_BasisOfAccountingPolicyPolicyTextBlock" xml:lang="en-US">Basis of Presentation</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InvestmentPolicyTextBlock" xlink:label="loc_us-gaap_InvestmentPolicyTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_InvestmentPolicyTextBlock" xml:lang="en-US">Investment, Policy [Policy Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_InvestmentPolicyTextBlock" xml:lang="en-US">Investments</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InsurancePremiumsRevenueRecognitionPolicy" xlink:label="loc_us-gaap_InsurancePremiumsRevenueRecognitionPolicy" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_InsurancePremiumsRevenueRecognitionPolicy" xml:lang="en-US">Insurance Premiums Revenue Recognition, Policy [Policy Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_InsurancePremiumsRevenueRecognitionPolicy" xml:lang="en-US">Financial Guarantee Insurance Premiums</label>
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<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_ScheduleOfSummaryOfNonConsolidatedViesAssetsAndLiabilitiesTableTextBlock" xlink:label="loc_mbi_ScheduleOfSummaryOfNonConsolidatedViesAssetsAndLiabilitiesTableTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_ScheduleOfSummaryOfNonConsolidatedViesAssetsAndLiabilitiesTableTextBlock" xml:lang="en-US">Schedule Of Summary Of Non consolidated Vies Assets And Liabilities [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_ScheduleOfSummaryOfNonConsolidatedViesAssetsAndLiabilitiesTableTextBlock" xml:lang="en-US">Summary Of Nonconsolidated VIEs Assets And Liabilities</label>
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<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_ScheduleOfLossAndLossAdjustmentExpenseReserveTextBlock" xlink:label="loc_mbi_ScheduleOfLossAndLossAdjustmentExpenseReserveTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_ScheduleOfLossAndLossAdjustmentExpenseReserveTextBlock" xml:lang="en-US">Schedule Of Loss And Loss Adjustment Expense Reserve [Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_mbi_ScheduleOfLossAndLossAdjustmentExpenseReserveTextBlock" xml:lang="en-US">Schedule Of Loss And Loss Adjustment Expenses Reserves</label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_ScheduleOfLossAndLossAdjustmentExpenseReserveTextBlock" xml:lang="en-US">Schedule Of Loss And Loss Adjustment Expense Reserve [Text Block]</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_ScheduleOfInsuranceLossRecoverableTextBlock" xlink:label="loc_mbi_ScheduleOfInsuranceLossRecoverableTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_ScheduleOfInsuranceLossRecoverableTextBlock" xml:lang="en-US">Schedule Of Insurance Loss Recoverable [Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_mbi_ScheduleOfInsuranceLossRecoverableTextBlock" xml:lang="en-US">Schedule Of Insurance Loss Recoverable</label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_ScheduleOfInsuranceLossRecoverableTextBlock" xml:lang="en-US">Schedule Of Insurance Loss Recoverable [Text Block]</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_ScheduleOfInsuranceLossReservesAndRecoverablesForInsuredObligationsTextBlock" xlink:label="loc_mbi_ScheduleOfInsuranceLossReservesAndRecoverablesForInsuredObligationsTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_ScheduleOfInsuranceLossReservesAndRecoverablesForInsuredObligationsTextBlock" xml:lang="en-US">Schedule Of Insurance Loss Reserves And Recoverables For Insured Obligations [Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_mbi_ScheduleOfInsuranceLossReservesAndRecoverablesForInsuredObligationsTextBlock" xml:lang="en-US">Present Value Of The Probability-Weighted Future Claim Payments And Recoveries</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationTextBlock" xlink:label="loc_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationTextBlock" xml:lang="en-US">Schedule of Insured Financial Obligations with Credit Deterioration [Table Text Block]</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock" xml:lang="en-US">Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock" />
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock" xml:lang="en-US">Company's Assets And Liabilities Measured At Fair Value On Recurring Basis</label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ScheduleOfFairValueOffBalanceSheetRisksTextBlock" xml:lang="en-US">Schedule of Fair Value, Off-balance Sheet Risks [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_ScheduleOfFairValueOffBalanceSheetRisksTextBlock" xml:lang="en-US">Fair Value Hierarchy Table Presents The Company's Assets And Liabilities Not Recorded At Fair Value On The Company's Consolidated Balance Sheet</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock" />
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock" xml:lang="en-US">Changes In Level 3 Assets Measured At Fair Value On A Recurring Basis</label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock" xml:lang="en-US">Changes In Level 3 Liabilities Measured At Fair Value On A Recurring Basis</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock" />
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_InvestmentTableTextBlock" xml:lang="en-US">Investment [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_InvestmentTableTextBlock" xml:lang="en-US">Amortized Cost And Fair Value Of Available-For-Sale And Held-To-Maturity Investment Portfolios</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock" xlink:label="loc_us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock" xml:lang="en-US">Investments Classified by Contractual Maturity Date [Table Text Block]</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock" xlink:label="loc_us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock" xml:lang="en-US">Schedule of Unrealized Loss on Investments [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock" xml:lang="en-US">Gross Unrealized Losses Related To Available-For-Sale And Held-To-Maturity Investments</label>
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<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_InvestmentsDistributionOfSecuritiesByPercentageOfFairValueBelowBookValueByMoreThanFivePercentTableTextBlock" xlink:label="loc_mbi_InvestmentsDistributionOfSecuritiesByPercentageOfFairValueBelowBookValueByMoreThanFivePercentTableTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_InvestmentsDistributionOfSecuritiesByPercentageOfFairValueBelowBookValueByMoreThanFivePercentTableTextBlock" xml:lang="en-US">Investments Distribution Of Securities By Percentage Of Fair Value Below Book Value By More Than Five Percent [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_InvestmentsDistributionOfSecuritiesByPercentageOfFairValueBelowBookValueByMoreThanFivePercentTableTextBlock" xml:lang="en-US">Distribution Of Securities By Percentage Of Fair Value Below Book Value By More Than 5%</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsTableTextBlock" xlink:label="loc_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsTableTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsTableTextBlock" xml:lang="en-US">Other than Temporary Impairment, Credit Losses Recognized in Earnings [Table Text Block]</label>
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<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_SecuritiesHeldInUnrealizedLossPositionAndInsuredByFinancialGuarantorAndRelatedInsuranceLossReserveOnCompanyInsuredInvestmentsTableTextBlock" xlink:label="loc_mbi_SecuritiesHeldInUnrealizedLossPositionAndInsuredByFinancialGuarantorAndRelatedInsuranceLossReserveOnCompanyInsuredInvestmentsTableTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_SecuritiesHeldInUnrealizedLossPositionAndInsuredByFinancialGuarantorAndRelatedInsuranceLossReserveOnCompanyInsuredInvestmentsTableTextBlock" xml:lang="en-US">Securities Held In Unrealized Loss Position And Insured By Financial Guarantor And Related Insurance Loss Reserve On Company Insured Investments [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_SecuritiesHeldInUnrealizedLossPositionAndInsuredByFinancialGuarantorAndRelatedInsuranceLossReserveOnCompanyInsuredInvestmentsTableTextBlock" xml:lang="en-US">Securities Held In Unrealized Loss Position And Insured By Financial Guarantor and The Related Insurance Loss Reserve On Company Insured Investments</label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_SecuritiesHeldInUnrealizedLossPositionAndInsuredByFinancialGuarantorAndRelatedInsuranceLossReserveOnCompanyInsuredInvestmentsTableTextBlock" xml:lang="en-US">Securities held in unrealized loss position and insured by financial guarantor and the related insurance loss reserve on company insured investments.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfRealizedGainLossTableTextBlock" xlink:label="loc_us-gaap_ScheduleOfRealizedGainLossTableTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ScheduleOfRealizedGainLossTableTextBlock" xml:lang="en-US">Schedule of Realized Gain (Loss) [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_ScheduleOfRealizedGainLossTableTextBlock" xml:lang="en-US">Gross Realized Gains and Losses From Sales Of Available-For-Sale Securities</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_UnrealizedGainLossOnInvestmentsTableTextBlock" xlink:label="loc_us-gaap_UnrealizedGainLossOnInvestmentsTableTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_UnrealizedGainLossOnInvestmentsTableTextBlock" xml:lang="en-US">Unrealized Gain (Loss) on Investments [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_UnrealizedGainLossOnInvestmentsTableTextBlock" xml:lang="en-US">Portion Of Unrealized Gains Losses Recognized On Equity Investments [Table Text Block]</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossTableTextBlock" xlink:label="loc_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossTableTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossTableTextBlock" xml:lang="en-US">Debt Securities, Held-to-maturity, Allowance for Credit Loss [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossTableTextBlock" xml:lang="en-US">Summary of Allowance for Credit Losses on HTM Investments</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DisclosureOfCreditDerivativesTextBlock" xlink:label="loc_us-gaap_DisclosureOfCreditDerivativesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_DisclosureOfCreditDerivativesTextBlock" xml:lang="en-US">Disclosure of Credit Derivatives [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_DisclosureOfCreditDerivativesTextBlock" xml:lang="en-US">Credit Derivatives Sold</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock" xlink:label="loc_us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock" xml:lang="en-US">Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock" xml:lang="en-US">Total Fair Value Of Company's Derivative Assets And Liabilities By Instrument And Balance Sheet Location, Before Counterparty Netting</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock" xlink:label="loc_us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock" />
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock" xlink:label="loc_us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock" />
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock" xlink:label="loc_us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock" />
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_OperatingLeasesOfLesseeDisclosureTextBlock" xml:lang="en-US">Lessee, Operating Lease, Disclosure [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_OperatingLeasesOfLesseeDisclosureTextBlock" xml:lang="en-US">Operating Leases Of Lessee Disclosure</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeasesOfLesseeDisclosureTextBlock" xlink:to="lab_us-gaap_OperatingLeasesOfLesseeDisclosureTextBlock" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BusinessCombinationsAbstract" xlink:label="loc_us-gaap_BusinessCombinationsAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_BusinessCombinationsAbstract" xml:lang="en-US">Business Combinations [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BusinessCombinationsAbstract" xlink:to="lab_us-gaap_BusinessCombinationsAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:label="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xml:lang="en-US">Schedule of Business Acquisitions, by Acquisition [Table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:to="lab_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="loc_us-gaap_BusinessAcquisitionLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_BusinessAcquisitionLineItems" xml:lang="en-US">Business Acquisition [Line Items]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_BusinessAcquisitionLineItems" xml:lang="en-US">Business Acquisition [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems" xlink:to="lab_us-gaap_BusinessAcquisitionLineItems" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_ClaimPayments" xlink:label="loc_mbi_ClaimPayments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_ClaimPayments" xml:lang="en-US">Claim Payments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_ClaimPayments" xml:lang="en-US">Claims payments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_ClaimPayments" xlink:to="lab_mbi_ClaimPayments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_ClaimPayments" xml:lang="en-US">This element represents the gross amount of claim payments during the period</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_OutstandingBonds" xlink:label="loc_mbi_OutstandingBonds" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_OutstandingBonds" xml:lang="en-US">Outstanding Bonds</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_OutstandingBonds" xml:lang="en-US">Outstanding bonds</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_OutstandingBonds" xlink:to="lab_mbi_OutstandingBonds" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_OutstandingBonds" xml:lang="en-US">Amount of outstanding bonds for a specific issuer</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_FederalLegislationPassedToCombatTheEconomicImpact" xlink:label="loc_mbi_FederalLegislationPassedToCombatTheEconomicImpact" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_FederalLegislationPassedToCombatTheEconomicImpact" xml:lang="en-US">Federal Legislation Passed To Combat The Economic Impact</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_mbi_FederalLegislationPassedToCombatTheEconomicImpact" xml:lang="en-US">Federal legislation passed to combat the economic impact</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_FederalLegislationPassedToCombatTheEconomicImpact" xlink:to="lab_mbi_FederalLegislationPassedToCombatTheEconomicImpact" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_FederalLegislationPassedToCombatTheEconomicImpact" xml:lang="en-US">Federal legislation passed to combat the economic impact.</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_ReliefFundApprovedByCongressAndPresident" xlink:label="loc_mbi_ReliefFundApprovedByCongressAndPresident" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_ReliefFundApprovedByCongressAndPresident" xml:lang="en-US">Relief Fund Approved By Congress And President</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_mbi_ReliefFundApprovedByCongressAndPresident" xml:lang="en-US">Relief Fund Approved By Congress And President</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_ReliefFundApprovedByCongressAndPresident" xlink:to="lab_mbi_ReliefFundApprovedByCongressAndPresident" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_ReliefFundApprovedByCongressAndPresident" xml:lang="en-US">Relief Fund Approved By Congress And President.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_StatementGeographicalAxis" xlink:label="loc_srt_StatementGeographicalAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_srt_StatementGeographicalAxis" xml:lang="en-US">Geographical [Axis]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="lab_srt_StatementGeographicalAxis" xml:lang="en-US">Geographical [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_StatementGeographicalAxis" xlink:to="lab_srt_StatementGeographicalAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_SegmentGeographicalDomain" xlink:label="loc_srt_SegmentGeographicalDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_srt_SegmentGeographicalDomain" xml:lang="en-US">Geographical [Domain]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="lab_srt_SegmentGeographicalDomain" xml:lang="en-US">Geographical [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_SegmentGeographicalDomain" xlink:to="lab_srt_SegmentGeographicalDomain" />
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2017/country-2017-01-31.xsd#country_PR" xlink:label="loc_country_PR" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_country_PR" xml:lang="en-US">PUERTO RICO</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_country_PR" xml:lang="en-US">Puerto Rico [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_country_PR" xlink:to="lab_country_PR" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_MajorCustomersAxis" xlink:label="loc_srt_MajorCustomersAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_srt_MajorCustomersAxis" xml:lang="en-US">Customer [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_MajorCustomersAxis" xlink:to="lab_srt_MajorCustomersAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_NameOfMajorCustomerDomain" xlink:label="loc_srt_NameOfMajorCustomerDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_srt_NameOfMajorCustomerDomain" xml:lang="en-US">Customer [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_NameOfMajorCustomerDomain" xlink:to="lab_srt_NameOfMajorCustomerDomain" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RestructuringPlanAxis" xlink:label="loc_us-gaap_RestructuringPlanAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_RestructuringPlanAxis" xml:lang="en-US">Restructuring Plan [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RestructuringPlanAxis" xlink:to="lab_us-gaap_RestructuringPlanAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RestructuringPlanDomain" xlink:label="loc_us-gaap_RestructuringPlanDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_RestructuringPlanDomain" xml:lang="en-US">Restructuring Plan [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RestructuringPlanDomain" xlink:to="lab_us-gaap_RestructuringPlanDomain" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_RangeAxis" xlink:label="loc_srt_RangeAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_srt_RangeAxis" xml:lang="en-US">Range [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_RangeAxis" xlink:to="lab_srt_RangeAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_RangeMember" xlink:label="loc_srt_RangeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_srt_RangeMember" xml:lang="en-US">Range [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_RangeMember" xlink:to="lab_srt_RangeMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubsequentEventTypeAxis" xlink:label="loc_us-gaap_SubsequentEventTypeAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_SubsequentEventTypeAxis" xml:lang="en-US">Subsequent Event Type [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SubsequentEventTypeAxis" xlink:to="lab_us-gaap_SubsequentEventTypeAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="loc_us-gaap_SubsequentEventTypeDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_SubsequentEventTypeDomain" xml:lang="en-US">Subsequent Event Type [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SubsequentEventTypeDomain" xlink:to="lab_us-gaap_SubsequentEventTypeDomain" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CumulativeEffectOnRetainedEarningsNetOfTax1" xlink:label="loc_us-gaap_CumulativeEffectOnRetainedEarningsNetOfTax1" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_CumulativeEffectOnRetainedEarningsNetOfTax1" xml:lang="en-US">Cumulative Effect on Retained Earnings, Net of Tax</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_CumulativeEffectOnRetainedEarningsNetOfTax1" xml:lang="en-US">Cumulative-effect adjustment, net of tax</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CumulativeEffectOnRetainedEarningsNetOfTax1" xlink:to="lab_us-gaap_CumulativeEffectOnRetainedEarningsNetOfTax1" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EarningsPerShareBasicAndDiluted" xlink:label="loc_us-gaap_EarningsPerShareBasicAndDiluted" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_EarningsPerShareBasicAndDiluted" xml:lang="en-US">Earnings Per Share, Basic and Diluted</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EarningsPerShareBasicAndDiluted" xlink:to="lab_us-gaap_EarningsPerShareBasicAndDiluted" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_IncomeTaxAllocationAxis" xlink:label="loc_mbi_IncomeTaxAllocationAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_IncomeTaxAllocationAxis" xml:lang="en-US">Income tax Allocation [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_IncomeTaxAllocationAxis" xlink:to="lab_mbi_IncomeTaxAllocationAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_IncomeTaxAllocationAxis" xml:lang="en-US">Income tax Allocation</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_IncomeTaxAllocationDomain" xlink:label="loc_mbi_IncomeTaxAllocationDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_IncomeTaxAllocationDomain" xml:lang="en-US">Income tax Allocation [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_IncomeTaxAllocationDomain" xlink:to="lab_mbi_IncomeTaxAllocationDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_IncomeTaxAllocationDomain" xml:lang="en-US">Income tax Allocation</label>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProspectiveAdoptionOfNewAccountingPronouncementsAxis" xlink:label="loc_us-gaap_ProspectiveAdoptionOfNewAccountingPronouncementsAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ProspectiveAdoptionOfNewAccountingPronouncementsAxis" xml:lang="en-US">Prospective Adoption of New Accounting Pronouncements [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProspectiveAdoptionOfNewAccountingPronouncementsAxis" xlink:to="lab_us-gaap_ProspectiveAdoptionOfNewAccountingPronouncementsAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccountingGuidanceMember" xlink:label="loc_us-gaap_AccountingGuidanceMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AccountingGuidanceMember" xml:lang="en-US">Accounting Guidance [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccountingGuidanceMember" xlink:to="lab_us-gaap_AccountingGuidanceMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_AccountingStandardsUpdate201912Member" xlink:label="loc_mbi_AccountingStandardsUpdate201912Member" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_AccountingStandardsUpdate201912Member" xml:lang="en-US">Accounting Standards Update 2019 12 [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_AccountingStandardsUpdate201912Member" xml:lang="en-US">ASU 2019-12 [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_AccountingStandardsUpdate201912Member" xlink:to="lab_mbi_AccountingStandardsUpdate201912Member" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_AccountingStandardsUpdate201912Member" xml:lang="en-US">Accounting standards update 2019 12.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_RestatementAxis" xlink:label="loc_srt_RestatementAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_srt_RestatementAxis" xml:lang="en-US">Restatement [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_RestatementAxis" xlink:to="lab_srt_RestatementAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_RestatementDomain" xlink:label="loc_srt_RestatementDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_srt_RestatementDomain" xml:lang="en-US">Restatement [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_RestatementDomain" xlink:to="lab_srt_RestatementDomain" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ScenarioPreviouslyReportedMember" xlink:label="loc_srt_ScenarioPreviouslyReportedMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_srt_ScenarioPreviouslyReportedMember" xml:lang="en-US">Previously Reported [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_srt_ScenarioPreviouslyReportedMember" xml:lang="en-US">Previously Reported [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_ScenarioPreviouslyReportedMember" xlink:to="lab_srt_ScenarioPreviouslyReportedMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTable" xlink:label="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ScheduleOfVariableInterestEntitiesTable" xml:lang="en-US">Schedule of Variable Interest Entities [Table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable" xlink:to="lab_us-gaap_ScheduleOfVariableInterestEntitiesTable" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_VariableInterestEntityLineItems" xlink:label="loc_us-gaap_VariableInterestEntityLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_VariableInterestEntityLineItems" xml:lang="en-US">Variable Interest Entity [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VariableInterestEntityLineItems" xlink:to="lab_us-gaap_VariableInterestEntityLineItems" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_NumberOfVariableInterestEntitiesDeconsolidated" xlink:label="loc_mbi_NumberOfVariableInterestEntitiesDeconsolidated" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_NumberOfVariableInterestEntitiesDeconsolidated" xml:lang="en-US">Number Of Variable Interest Entities Deconsolidated</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_NumberOfVariableInterestEntitiesDeconsolidated" xml:lang="en-US">Number of variable interest entities deconsolidated</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_NumberOfVariableInterestEntitiesDeconsolidated" xlink:to="lab_mbi_NumberOfVariableInterestEntitiesDeconsolidated" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_NumberOfVariableInterestEntitiesDeconsolidated" xml:lang="en-US">Represents the number of VIEs deconsolidated during the period.</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_NumberOfVariableInterestEntitiesConsolidated" xlink:label="loc_mbi_NumberOfVariableInterestEntitiesConsolidated" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_NumberOfVariableInterestEntitiesConsolidated" xml:lang="en-US">Number Of Variable Interest Entities Consolidated</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_NumberOfVariableInterestEntitiesConsolidated" xml:lang="en-US">Number of variable interest entities consolidated</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_NumberOfVariableInterestEntitiesConsolidated" xlink:to="lab_mbi_NumberOfVariableInterestEntitiesConsolidated" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_NumberOfVariableInterestEntitiesConsolidated" xml:lang="en-US">Represents the number of VIEs consolidated during the period.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_VariableInterestEntityInitialConsolidationGainOrLoss" xlink:label="loc_us-gaap_VariableInterestEntityInitialConsolidationGainOrLoss" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_VariableInterestEntityInitialConsolidationGainOrLoss" xml:lang="en-US">Variable Interest Entity, Initial Consolidation, Gain (Loss)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_VariableInterestEntityInitialConsolidationGainOrLoss" xml:lang="en-US">Net realized gains (losses) related to the initial consolidation</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VariableInterestEntityInitialConsolidationGainOrLoss" xlink:to="lab_us-gaap_VariableInterestEntityInitialConsolidationGainOrLoss" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_VariableInterestEntityFinancialOrOtherSupportAmount" xlink:label="loc_us-gaap_VariableInterestEntityFinancialOrOtherSupportAmount" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_VariableInterestEntityFinancialOrOtherSupportAmount" xml:lang="en-US">Variable Interest Entity, Financial or Other Support, Amount</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_VariableInterestEntityFinancialOrOtherSupportAmount" xml:lang="en-US">Additional Voluntary Payment</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VariableInterestEntityFinancialOrOtherSupportAmount" xlink:to="lab_us-gaap_VariableInterestEntityFinancialOrOtherSupportAmount" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="loc_us-gaap_StatementBusinessSegmentsAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_StatementBusinessSegmentsAxis" xml:lang="en-US">Segments [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis" xlink:to="lab_us-gaap_StatementBusinessSegmentsAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SegmentDomain" xlink:label="loc_us-gaap_SegmentDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_SegmentDomain" xml:lang="en-US">Segments [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SegmentDomain" xlink:to="lab_us-gaap_SegmentDomain" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_USPublicFinanceInsuranceMember" xlink:label="loc_mbi_USPublicFinanceInsuranceMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_USPublicFinanceInsuranceMember" xml:lang="en-US">U S Public Finance Insurance [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_USPublicFinanceInsuranceMember" xml:lang="en-US">U S Public Finance Insurance [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_mbi_USPublicFinanceInsuranceMember" xml:lang="en-US">U S Public Finance Insurance [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_USPublicFinanceInsuranceMember" xlink:to="lab_mbi_USPublicFinanceInsuranceMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_StructuredFinanceAndInternationalInsuranceMember" xlink:label="loc_mbi_StructuredFinanceAndInternationalInsuranceMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_StructuredFinanceAndInternationalInsuranceMember" xml:lang="en-US">Structured Finance And International Insurance [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_StructuredFinanceAndInternationalInsuranceMember" xlink:to="lab_mbi_StructuredFinanceAndInternationalInsuranceMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_StructuredFinanceAndInternationalInsuranceMember" xml:lang="en-US">Structured Finance And International Insurance</label>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BalanceSheetLocationAxis" xlink:label="loc_us-gaap_BalanceSheetLocationAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_BalanceSheetLocationAxis" xml:lang="en-US">Balance Sheet Location [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BalanceSheetLocationAxis" xlink:to="lab_us-gaap_BalanceSheetLocationAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BalanceSheetLocationDomain" xlink:label="loc_us-gaap_BalanceSheetLocationDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_BalanceSheetLocationDomain" xml:lang="en-US">Balance Sheet Location [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BalanceSheetLocationDomain" xlink:to="lab_us-gaap_BalanceSheetLocationDomain" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InvestmentsMember" xlink:label="loc_us-gaap_InvestmentsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_InvestmentsMember" xml:lang="en-US">Investments [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_InvestmentsMember" xml:lang="en-US">Investments [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InvestmentsMember" xlink:to="lab_us-gaap_InvestmentsMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PremiumsReceivableMember" xlink:label="loc_us-gaap_PremiumsReceivableMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_PremiumsReceivableMember" xml:lang="en-US">Premiums Receivable [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_PremiumsReceivableMember" xml:lang="en-US">Premiums Receivable [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PremiumsReceivableMember" xlink:to="lab_us-gaap_PremiumsReceivableMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_InsuranceLossRecoverableMember" xlink:label="loc_mbi_InsuranceLossRecoverableMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_InsuranceLossRecoverableMember" xml:lang="en-US">Insurance Loss Recoverable [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_InsuranceLossRecoverableMember" xml:lang="en-US">Insurance Loss Recoverable [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_InsuranceLossRecoverableMember" xlink:to="lab_mbi_InsuranceLossRecoverableMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_UnearnedPremiumRevenueMember" xlink:label="loc_mbi_UnearnedPremiumRevenueMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_UnearnedPremiumRevenueMember" xml:lang="en-US">Unearned Premium Revenue [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_UnearnedPremiumRevenueMember" xml:lang="en-US">Unearned Premium Revenue [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_UnearnedPremiumRevenueMember" xlink:to="lab_mbi_UnearnedPremiumRevenueMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_LossAndLossAdjustmentExpenseReservesMember" xlink:label="loc_mbi_LossAndLossAdjustmentExpenseReservesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_LossAndLossAdjustmentExpenseReservesMember" xml:lang="en-US">Loss and loss adjustment expense reserves [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_LossAndLossAdjustmentExpenseReservesMember" xml:lang="en-US">Loss And Loss Adjustment Expense Reserves Member [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_LossAndLossAdjustmentExpenseReservesMember" xlink:to="lab_mbi_LossAndLossAdjustmentExpenseReservesMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount" xlink:label="loc_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount" xml:lang="en-US">Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount" xml:lang="en-US">Maximum Exposure to Loss</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount" xlink:to="lab_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets" xlink:label="loc_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets" xml:lang="en-US">Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets" xml:lang="en-US">Carrying Value of VIE Assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets" xlink:to="lab_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities" xlink:label="loc_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities" xml:lang="en-US">Variable Interest Entity, Nonconsolidated, Carrying Amount, Liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities" xml:lang="en-US">Carrying Value of VIE Liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities" xlink:to="lab_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_GuaranteeObligationsByNatureAxis" xlink:label="loc_us-gaap_GuaranteeObligationsByNatureAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_GuaranteeObligationsByNatureAxis" xml:lang="en-US">Guarantor Obligations, Nature [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GuaranteeObligationsByNatureAxis" xlink:to="lab_us-gaap_GuaranteeObligationsByNatureAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_GuaranteeObligationsNatureDomain" xlink:label="loc_us-gaap_GuaranteeObligationsNatureDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_GuaranteeObligationsNatureDomain" xml:lang="en-US">Guarantor Obligations, Nature [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GuaranteeObligationsNatureDomain" xlink:to="lab_us-gaap_GuaranteeObligationsNatureDomain" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_GlobalStructuredFinanceMember" xlink:label="loc_mbi_GlobalStructuredFinanceMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_GlobalStructuredFinanceMember" xml:lang="en-US">Global Structured Finance [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_GlobalStructuredFinanceMember" xml:lang="en-US">Global Structured Finance [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_GlobalStructuredFinanceMember" xlink:to="lab_mbi_GlobalStructuredFinanceMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_GlobalStructuredFinanceMember" xml:lang="en-US">Global Structured Finance [Member]</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_GlobalPublicFinanceMember" xlink:label="loc_mbi_GlobalPublicFinanceMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_GlobalPublicFinanceMember" xml:lang="en-US">Global Public Finance [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_GlobalPublicFinanceMember" xml:lang="en-US">Global Public Finance [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_GlobalPublicFinanceMember" xlink:to="lab_mbi_GlobalPublicFinanceMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_GlobalPublicFinanceMember" xml:lang="en-US">Global Public Finance [Member]</label>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_UnderlyingAssetClassAxis" xlink:label="loc_us-gaap_UnderlyingAssetClassAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_UnderlyingAssetClassAxis" xml:lang="en-US">Underlying Asset Class [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_UnderlyingAssetClassAxis" xlink:to="lab_us-gaap_UnderlyingAssetClassAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_UnderlyingAssetClassDomain" xlink:label="loc_us-gaap_UnderlyingAssetClassDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_UnderlyingAssetClassDomain" xml:lang="en-US">Underlying Asset Class [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_UnderlyingAssetClassDomain" xlink:to="lab_us-gaap_UnderlyingAssetClassDomain" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ResidentialMortgageBackedSecuritiesMember" xlink:label="loc_us-gaap_ResidentialMortgageBackedSecuritiesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ResidentialMortgageBackedSecuritiesMember" xml:lang="en-US">Residential Mortgage Backed Securities [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_ResidentialMortgageBackedSecuritiesMember" xml:lang="en-US">Residential Mortgage Backed Securities [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ResidentialMortgageBackedSecuritiesMember" xlink:to="lab_us-gaap_ResidentialMortgageBackedSecuritiesMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommercialMortgageBackedSecuritiesMember" xlink:label="loc_us-gaap_CommercialMortgageBackedSecuritiesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_CommercialMortgageBackedSecuritiesMember" xml:lang="en-US">Commercial Mortgage Backed Securities [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_CommercialMortgageBackedSecuritiesMember" xml:lang="en-US">Commercial Mortgage Backed Securities [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_CommercialMortgageBackedSecuritiesMember" xml:lang="en-US">Commercial Mortgage-Backed [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommercialMortgageBackedSecuritiesMember" xlink:to="lab_us-gaap_CommercialMortgageBackedSecuritiesMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_ConsumerAssetBackedMember" xlink:label="loc_mbi_ConsumerAssetBackedMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_ConsumerAssetBackedMember" xml:lang="en-US">Consumer Asset Backed [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_ConsumerAssetBackedMember" xml:lang="en-US">Consumer Asset Backed [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_ConsumerAssetBackedMember" xlink:to="lab_mbi_ConsumerAssetBackedMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_ConsumerAssetBackedMember" xml:lang="en-US">Consumer Asset Backed Member</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_CorporateAssetBackedMember" xlink:label="loc_mbi_CorporateAssetBackedMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_CorporateAssetBackedMember" xml:lang="en-US">Corporate Asset Backed [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_CorporateAssetBackedMember" xml:lang="en-US">Corporate Asset Backed [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_CorporateAssetBackedMember" xlink:to="lab_mbi_CorporateAssetBackedMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_CorporateAssetBackedMember" xml:lang="en-US">Corporate Asset Backed Member</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="loc_mbi_LossAndLossAdjustmentExpenseReservesTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_LossAndLossAdjustmentExpenseReservesTable" xml:lang="en-US">Loss And Loss Adjustment Expense Reserves [Table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:to="lab_mbi_LossAndLossAdjustmentExpenseReservesTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_LossAndLossAdjustmentExpenseReservesTable" xml:lang="en-US">Loss And Loss Adjustment Expense Reserves [Table]</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_ClaimLiabilityAxis" xlink:label="loc_mbi_ClaimLiabilityAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_ClaimLiabilityAxis" xml:lang="en-US">Claim Liability [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_ClaimLiabilityAxis" xlink:to="lab_mbi_ClaimLiabilityAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_ClaimLiabilityAxis" xml:lang="en-US">Claim Liability [Axis]</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_ClaimLiabilityDomain" xlink:label="loc_mbi_ClaimLiabilityDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_ClaimLiabilityDomain" xml:lang="en-US">Claim Liability [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_ClaimLiabilityDomain" xlink:to="lab_mbi_ClaimLiabilityDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_ClaimLiabilityDomain" xml:lang="en-US">Claim Liability Domain</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_LaeMember" xlink:label="loc_mbi_LaeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_LaeMember" xml:lang="en-US">Lae [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_LaeMember" xml:lang="en-US">Lae [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_LaeMember" xlink:to="lab_mbi_LaeMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_LossAndLossAdjustmentExpenseReservesLineItems" xlink:label="loc_mbi_LossAndLossAdjustmentExpenseReservesLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_LossAndLossAdjustmentExpenseReservesLineItems" xml:lang="en-US">Loss And Loss Adjustment Expense Reserves [Line Items]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_LossAndLossAdjustmentExpenseReservesLineItems" xml:lang="en-US">Loss And Loss Adjustment Expense Reserves [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_LossAndLossAdjustmentExpenseReservesLineItems" xlink:to="lab_mbi_LossAndLossAdjustmentExpenseReservesLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_LossAndLossAdjustmentExpenseReservesLineItems" xml:lang="en-US">Loss And Loss Adjustment Expense Reserves [Line Items]</label>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilityWeightedAverageRiskFreeDiscountRate" xlink:label="loc_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilityWeightedAverageRiskFreeDiscountRate" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilityWeightedAverageRiskFreeDiscountRate" xml:lang="en-US">Financial Guarantee Insurance Contracts, Claim Liability, Weighted Average Risk Free Discount Rate</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilityWeightedAverageRiskFreeDiscountRate" xml:lang="en-US">Weighted average risk-free rate used to discount claim liability</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilityWeightedAverageRiskFreeDiscountRate" xlink:to="lab_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilityWeightedAverageRiskFreeDiscountRate" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_ChangesInLossAndLaeReserves" xlink:label="loc_mbi_ChangesInLossAndLaeReserves" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_ChangesInLossAndLaeReserves" xml:lang="en-US">Changes in Loss and LAE Reserves</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_ChangesInLossAndLaeReserves" xlink:to="lab_mbi_ChangesInLossAndLaeReserves" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_ChangesInLossAndLaeReserves" xml:lang="en-US">Changes in Loss and LAE Reserves</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_LoanRepurchaseCommitmentsMember" xlink:label="loc_mbi_LoanRepurchaseCommitmentsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_LoanRepurchaseCommitmentsMember" xml:lang="en-US">Loan Repurchase Commitments [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_LoanRepurchaseCommitmentsMember" xlink:to="lab_mbi_LoanRepurchaseCommitmentsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_LoanRepurchaseCommitmentsMember" xml:lang="en-US">Loan Repurchase Commitments [Member]</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_LossAndLaeReservesMember" xlink:label="loc_mbi_LossAndLaeReservesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_LossAndLaeReservesMember" xml:lang="en-US">Loss And Lae Reserves [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_LossAndLaeReservesMember" xlink:to="lab_mbi_LossAndLaeReservesMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_InternationalAndStructuredFinanceInsuranceMember" xlink:label="loc_mbi_InternationalAndStructuredFinanceInsuranceMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_InternationalAndStructuredFinanceInsuranceMember" xml:lang="en-US">International And Structured Finance Insurance [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_InternationalAndStructuredFinanceInsuranceMember" xml:lang="en-US">International And Structured Finance Insurance [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_InternationalAndStructuredFinanceInsuranceMember" xlink:to="lab_mbi_InternationalAndStructuredFinanceInsuranceMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_ConsolidationAxis" xlink:label="loc_mbi_ConsolidationAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_ConsolidationAxis" xml:lang="en-US">Consolidation [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_ConsolidationAxis" xlink:to="lab_mbi_ConsolidationAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_ConsolidationAxis" xml:lang="en-US">Consolidation [axis].</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_ConsolidationDomain" xlink:label="loc_mbi_ConsolidationDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_ConsolidationDomain" xml:lang="en-US">Consolidation [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_ConsolidationDomain" xlink:to="lab_mbi_ConsolidationDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_ConsolidationDomain" xml:lang="en-US">Consolidation [domain].</label>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ConsolidationEliminationsMember" xlink:label="loc_srt_ConsolidationEliminationsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_srt_ConsolidationEliminationsMember" xml:lang="en-US">Consolidation, Eliminations [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_srt_ConsolidationEliminationsMember" xml:lang="en-US">Consolidation Elimination [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_ConsolidationEliminationsMember" xlink:to="lab_srt_ConsolidationEliminationsMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeOther" xlink:label="loc_mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeOther" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeOther" xml:lang="en-US">Financial Guarantee Insurance Contracts Claim Liability Significant Components Of Change Other</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeOther" xml:lang="en-US">Other</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeOther" xlink:to="lab_mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeOther" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeOther" xml:lang="en-US">Changes in the timing and amount of net payments on financial guarantee contracts.</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_LossPaymentsForCases" xlink:label="loc_mbi_LossPaymentsForCases" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_LossPaymentsForCases" xml:lang="en-US">Loss Payments For Cases</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_LossPaymentsForCases" xml:lang="en-US">Loss payments for cases</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_LossPaymentsForCases" xlink:to="lab_mbi_LossPaymentsForCases" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_LossPaymentsForCases" xml:lang="en-US">Loss payments for cases</label>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeAccretionOfDiscount" xlink:label="loc_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeAccretionOfDiscount" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeAccretionOfDiscount" xml:lang="en-US">Financial Guarantee Insurance Contracts, Claim Liability, Significant Components of Change, Accretion of Discount</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeAccretionOfDiscount" xml:lang="en-US">Accretion of claim liability discount</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeAccretionOfDiscount" xlink:to="lab_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeAccretionOfDiscount" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeEffectOfChangeInDiscountRate" xlink:label="loc_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeEffectOfChangeInDiscountRate" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeEffectOfChangeInDiscountRate" xml:lang="en-US">Financial Guarantee Insurance Contracts, Claim Liability, Significant Components of Change, Effect of Change in Discount Rate</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeEffectOfChangeInDiscountRate" xml:lang="en-US">Changes in discount rates</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeEffectOfChangeInDiscountRate" xlink:to="lab_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeEffectOfChangeInDiscountRate" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeInAssumptions" xlink:label="loc_mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeInAssumptions" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeInAssumptions" xml:lang="en-US">Financial Guarantee Insurance Contracts Claim Liability Significant Components Of Change In Assumptions</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeInAssumptions" xml:lang="en-US">Changes in assumptions</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeInAssumptions" xlink:to="lab_mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeInAssumptions" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeInAssumptions" xml:lang="en-US">Financial Guarantee Insurance Contracts Claim Liability Significant Components Of Change In Assumptions</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_RollForwardOfInsuranceLossRecoverableTable" xlink:label="loc_mbi_RollForwardOfInsuranceLossRecoverableTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_RollForwardOfInsuranceLossRecoverableTable" xml:lang="en-US">Roll forward of Insurance Loss Recoverable [Table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_RollForwardOfInsuranceLossRecoverableTable" xlink:to="lab_mbi_RollForwardOfInsuranceLossRecoverableTable" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_RollForwardOfInsuranceLossRecoverableLineItems" xlink:label="loc_mbi_RollForwardOfInsuranceLossRecoverableLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_RollForwardOfInsuranceLossRecoverableLineItems" xml:lang="en-US">Roll forward of Insurance Loss Recoverable [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_RollForwardOfInsuranceLossRecoverableLineItems" xlink:to="lab_mbi_RollForwardOfInsuranceLossRecoverableLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_RollForwardOfInsuranceLossRecoverableLineItems" xml:lang="en-US">Roll forward of Insurance Loss Recoverable [Line Items]</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_CollectionsForCases" xlink:label="loc_mbi_CollectionsForCases" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_CollectionsForCases" xml:lang="en-US">Collections For Cases</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_mbi_CollectionsForCases" xml:lang="en-US">Collections for Cases</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_CollectionsForCases" xlink:to="lab_mbi_CollectionsForCases" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_CollectionsForCases" xml:lang="en-US">Cash receipts related to recoveries of previously paid claims</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesAccretionOfRecoveries" xlink:label="loc_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesAccretionOfRecoveries" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesAccretionOfRecoveries" xml:lang="en-US">Insurance Loss Recoverable And Changes In Recoveries Of Unpaid Losses Accretion Of Recoveries</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesAccretionOfRecoveries" xml:lang="en-US">Accretion of Recoveries</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesAccretionOfRecoveries" xlink:to="lab_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesAccretionOfRecoveries" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesAccretionOfRecoveries" xml:lang="en-US">Insurance Loss Recoverable And Changes In Recoveries Of Unpaid Losses Accretion Of Recoveries</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInDiscountRate" xlink:label="loc_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInDiscountRate" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInDiscountRate" xml:lang="en-US">Insurance Loss Recoverable And Changes In Recoveries Of Unpaid Losses Change In Discount Rate</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInDiscountRate" xml:lang="en-US">Changes in Discount Rates</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInDiscountRate" xlink:to="lab_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInDiscountRate" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInDiscountRate" xml:lang="en-US">Insurance Loss Recoverable And Changes In Recoveries Of Unpaid Losses Change In Discount Rate</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInAssumptions" xlink:label="loc_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInAssumptions" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInAssumptions" xml:lang="en-US">Insurance Loss Recoverable And Changes In Recoveries Of Unpaid Losses Change In Assumptions</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInAssumptions" xml:lang="en-US">Changes in Assumptions</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInAssumptions" xlink:to="lab_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInAssumptions" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInAssumptions" xml:lang="en-US">Insurance Loss Recoverable And Changes In Recoveries Of Unpaid Losses Change In Assumptions</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesOther" xlink:label="loc_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesOther" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesOther" xml:lang="en-US">Insurance Loss Recoverable And Changes In Recoveries Of Unpaid Losses Other</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesOther" xml:lang="en-US">Other</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesOther" xlink:to="lab_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesOther" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesOther" xml:lang="en-US">Changes in the timing and amount of net collections on financial guarantee contracts.</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_SurveillanceCategoriesAxis" xlink:label="loc_mbi_SurveillanceCategoriesAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_SurveillanceCategoriesAxis" xml:lang="en-US">Surveillance Categories [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_SurveillanceCategoriesAxis" xlink:to="lab_mbi_SurveillanceCategoriesAxis" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_SurveillanceCategoriesDomain" xlink:label="loc_mbi_SurveillanceCategoriesDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_SurveillanceCategoriesDomain" xml:lang="en-US">Surveillance Categories [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_SurveillanceCategoriesDomain" xlink:to="lab_mbi_SurveillanceCategoriesDomain" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_CautionListLowMember" xlink:label="loc_mbi_CautionListLowMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_CautionListLowMember" xml:lang="en-US">Caution List Low [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_CautionListLowMember" xlink:to="lab_mbi_CautionListLowMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_CautionListMediumMember" xlink:label="loc_mbi_CautionListMediumMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_CautionListMediumMember" xml:lang="en-US">Caution List Medium [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_CautionListMediumMember" xlink:to="lab_mbi_CautionListMediumMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_CautionListHighMember" xlink:label="loc_mbi_CautionListHighMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_CautionListHighMember" xml:lang="en-US">Caution List High [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_CautionListHighMember" xlink:to="lab_mbi_CautionListHighMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_ClassifiedListMember" xlink:label="loc_mbi_ClassifiedListMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_ClassifiedListMember" xml:lang="en-US">Classified List [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_ClassifiedListMember" xlink:to="lab_mbi_ClassifiedListMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_NumberOfPolicies" xlink:label="loc_mbi_NumberOfPolicies" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_NumberOfPolicies" xml:lang="en-US">Number Of Policies</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_NumberOfPolicies" xml:lang="en-US">Number of policies</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_NumberOfPolicies" xlink:to="lab_mbi_NumberOfPolicies" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_NumberOfPolicies" xml:lang="en-US">Number Of Policies</label>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount" xlink:label="loc_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount" xml:lang="en-US">Schedule of Insured Financial Obligations with Credit Deterioration, Reductions of Gross Claim Liability, Net Discount</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount" xml:lang="en-US">Discount, net</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount" xlink:to="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiabilityRecoverable" xlink:label="loc_mbi_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiabilityRecoverable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiabilityRecoverable" xml:lang="en-US">Schedule of Insured Financial Obligations With Credit Deterioration Net Claim Liability Recoverable</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_mbi_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiabilityRecoverable" xml:lang="en-US">Net claim liability (recoverable)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiabilityRecoverable" xlink:to="lab_mbi_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiabilityRecoverable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiabilityRecoverable" xml:lang="en-US">Schedule of insured financial obligations with credit deterioration net claim liability recoverable.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding" xlink:label="loc_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding" xml:lang="en-US">Schedule of Insured Financial Obligations with Credit Deterioration, Insured Contractual Payments Outstanding</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding" xml:lang="en-US">Total</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding" xlink:to="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability" xlink:label="loc_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability" xml:lang="en-US">Schedule of Insured Financial Obligations with Credit Deterioration, Gross Claim Liability</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability" xml:lang="en-US">Gross claim liability</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability" xlink:to="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue" xlink:label="loc_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue" xml:lang="en-US">Schedule of Insured Financial Obligations with Credit Deterioration, Statement of Financial Position, Unearned Premium Revenue</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue" xml:lang="en-US">Unearned premium revenue</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue" xlink:to="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ReinsuranceRecoverablesOnPaidAndUnpaidLosses" xlink:label="loc_us-gaap_ReinsuranceRecoverablesOnPaidAndUnpaidLosses" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ReinsuranceRecoverablesOnPaidAndUnpaidLosses" xml:lang="en-US">Reinsurance Recoverable for Paid and Unpaid Claims and Claims Adjustments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_ReinsuranceRecoverablesOnPaidAndUnpaidLosses" xml:lang="en-US">Reinsurance recoverables on paid and unpaid losses</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ReinsuranceRecoverablesOnPaidAndUnpaidLosses" xlink:to="lab_us-gaap_ReinsuranceRecoverablesOnPaidAndUnpaidLosses" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries" xlink:label="loc_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries" xml:lang="en-US">Schedule of Insured Financial Obligations with Credit Deterioration, Reductions of Gross Claim Liability, Gross Potential Recoveries</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries" xml:lang="en-US">Less: Gross potential recoveries</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries" xlink:to="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest" xlink:label="loc_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest" xml:lang="en-US">Schedule of Insured Financial Obligations with Credit Deterioration, Insured Contractual Payments Outstanding, Interest</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest" xml:lang="en-US">Interest</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest" xlink:to="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal" xlink:label="loc_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal" xml:lang="en-US">Schedule of Insured Financial Obligations with Credit Deterioration, Insured Contractual Payments Outstanding, Principal</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal" xml:lang="en-US">Principal</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal" xlink:to="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod" xlink:label="loc_us-gaap_InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod" xml:lang="en-US">Insured Financial Obligations with Credit Deterioration, Remaining Weighted Average Contract Period</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod" xml:lang="en-US">Remaining weighted average contract period (in years)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod" xlink:to="lab_us-gaap_InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding" xlink:label="loc_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding" xml:lang="en-US">Schedule of Insured Financial Obligations with Credit Deterioration, Number of Contracts Issued and Outstanding</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding" xml:lang="en-US">Number of issues</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding" xlink:to="lab_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xml:lang="en-US">Fair Value Measurements, Recurring and Nonrecurring [Table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:to="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueConcentrationOfRiskDisclosureItemsAxis" xlink:label="loc_us-gaap_FairValueConcentrationOfRiskDisclosureItemsAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueConcentrationOfRiskDisclosureItemsAxis" xml:lang="en-US">Concentration of Credit or Market Risk [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueConcentrationOfRiskDisclosureItemsAxis" xlink:to="lab_us-gaap_FairValueConcentrationOfRiskDisclosureItemsAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueConcentrationOfRiskDisclosureItemsDomain" xlink:label="loc_us-gaap_FairValueConcentrationOfRiskDisclosureItemsDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueConcentrationOfRiskDisclosureItemsDomain" xml:lang="en-US">Fair Value, Concentration of Risk, Disclosure Items [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueConcentrationOfRiskDisclosureItemsDomain" xlink:to="lab_us-gaap_FairValueConcentrationOfRiskDisclosureItemsDomain" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccumulatedGainLossFinancialLiabilityFairValueOptionAttributableToParentMember" xlink:label="loc_us-gaap_AccumulatedGainLossFinancialLiabilityFairValueOptionAttributableToParentMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AccumulatedGainLossFinancialLiabilityFairValueOptionAttributableToParentMember" xml:lang="en-US">Accumulated Gain (Loss), Financial Liability, Fair Value Option, Attributable to Parent [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_AccumulatedGainLossFinancialLiabilityFairValueOptionAttributableToParentMember" xml:lang="en-US">Instrument-specific credit risk of liabilities measured at fair value, net [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccumulatedGainLossFinancialLiabilityFairValueOptionAttributableToParentMember" xlink:to="lab_us-gaap_AccumulatedGainLossFinancialLiabilityFairValueOptionAttributableToParentMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xml:lang="en-US">Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xml:lang="en-US">Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xml:lang="en-US">Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:to="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_ApproximatePercentageOfLevel3AssetsAtFairValueInTotalAssetsMeasuredAtFairValue" xlink:label="loc_mbi_ApproximatePercentageOfLevel3AssetsAtFairValueInTotalAssetsMeasuredAtFairValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_ApproximatePercentageOfLevel3AssetsAtFairValueInTotalAssetsMeasuredAtFairValue" xml:lang="en-US">Approximate Percentage Of Level 3 Assets At Fair Value In Total Assets Measured At Fair Value</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_ApproximatePercentageOfLevel3AssetsAtFairValueInTotalAssetsMeasuredAtFairValue" xml:lang="en-US">Percentage of level 3 assets at fair value in total assets measured at fair value value</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_ApproximatePercentageOfLevel3AssetsAtFairValueInTotalAssetsMeasuredAtFairValue" xlink:to="lab_mbi_ApproximatePercentageOfLevel3AssetsAtFairValueInTotalAssetsMeasuredAtFairValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_ApproximatePercentageOfLevel3AssetsAtFairValueInTotalAssetsMeasuredAtFairValue" xml:lang="en-US">Approximate percentage of level 3 assets at fair value in total assets measured at fair value.</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_ApproximatePercentageOfLevel3LiabilitiesAtFairValueInTotalLiabilitiesMeasuredAtFairValue" xlink:label="loc_mbi_ApproximatePercentageOfLevel3LiabilitiesAtFairValueInTotalLiabilitiesMeasuredAtFairValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_ApproximatePercentageOfLevel3LiabilitiesAtFairValueInTotalLiabilitiesMeasuredAtFairValue" xml:lang="en-US">Approximate Percentage Of Level 3 Liabilities At Fair Value In Total Liabilities Measured At Fair Value</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_ApproximatePercentageOfLevel3LiabilitiesAtFairValueInTotalLiabilitiesMeasuredAtFairValue" xml:lang="en-US">Percentage of level 3 liabilities at fair value in total liabilities measured at fair value</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_ApproximatePercentageOfLevel3LiabilitiesAtFairValueInTotalLiabilitiesMeasuredAtFairValue" xlink:to="lab_mbi_ApproximatePercentageOfLevel3LiabilitiesAtFairValueInTotalLiabilitiesMeasuredAtFairValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_ApproximatePercentageOfLevel3LiabilitiesAtFairValueInTotalLiabilitiesMeasuredAtFairValue" xml:lang="en-US">Approximate percentage of level 3 liabilities at fair value in total liabilities measured at fair value.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionReclassificationAdjustmentFromAociForDerecognitionAfterTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionReclassificationAdjustmentFromAociForDerecognitionAfterTax" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionReclassificationAdjustmentFromAociForDerecognitionAfterTax" xml:lang="en-US">Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, Reclassification Adjustment from AOCI for Derecognition, after Tax</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionReclassificationAdjustmentFromAociForDerecognitionAfterTax" xml:lang="en-US">Loss on instrument-specific credit risk recognized in earnings</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionReclassificationAdjustmentFromAociForDerecognitionAfterTax" xlink:to="lab_us-gaap_OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionReclassificationAdjustmentFromAociForDerecognitionAfterTax" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable" xml:lang="en-US">Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable" xlink:to="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_CreditDerivativesMember" xlink:label="loc_mbi_CreditDerivativesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_CreditDerivativesMember" xml:lang="en-US">Credit Derivatives [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_CreditDerivativesMember" xlink:to="lab_mbi_CreditDerivativesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_CreditDerivativesMember" xml:lang="en-US">Credit derivatives [Member]</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_OtherDerivativesMember" xlink:label="loc_mbi_OtherDerivativesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_OtherDerivativesMember" xml:lang="en-US">Other Derivatives [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_OtherDerivativesMember" xlink:to="lab_mbi_OtherDerivativesMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:label="loc_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xml:lang="en-US">Receivable Type [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:to="lab_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ReceivableTypeDomain" xlink:label="loc_us-gaap_ReceivableTypeDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ReceivableTypeDomain" xml:lang="en-US">Receivable [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ReceivableTypeDomain" xlink:to="lab_us-gaap_ReceivableTypeDomain" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_VariableInterestEntityNotesMember" xlink:label="loc_mbi_VariableInterestEntityNotesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_VariableInterestEntityNotesMember" xml:lang="en-US">Variable Interest Entity Notes [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_VariableInterestEntityNotesMember" xml:lang="en-US">Variable Interest Entity Notes [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_VariableInterestEntityNotesMember" xlink:to="lab_mbi_VariableInterestEntityNotesMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LoansReceivableMember" xlink:label="loc_us-gaap_LoansReceivableMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_LoansReceivableMember" xml:lang="en-US">Loans Receivable [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_LoansReceivableMember" xml:lang="en-US">Loans Receivable and Other Instruments at Fair Value [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="lab_us-gaap_LoansReceivableMember" xml:lang="en-US">Loans Receivable and Other Instruments at Fair Value [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LoansReceivableMember" xlink:to="lab_us-gaap_LoansReceivableMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_MaximumMember" xlink:label="loc_srt_MaximumMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_srt_MaximumMember" xml:lang="en-US">Maximum [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_MaximumMember" xlink:to="lab_srt_MaximumMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_MinimumMember" xlink:label="loc_srt_MinimumMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_srt_MinimumMember" xml:lang="en-US">Minimum [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_MinimumMember" xlink:to="lab_srt_MinimumMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_WeightedAverageMember" xlink:label="loc_srt_WeightedAverageMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_srt_WeightedAverageMember" xml:lang="en-US">Weighted Average [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_WeightedAverageMember" xlink:to="lab_srt_WeightedAverageMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_UnobservableInputAxis" xlink:label="loc_mbi_UnobservableInputAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_UnobservableInputAxis" xml:lang="en-US">Unobservable Input [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_UnobservableInputAxis" xlink:to="lab_mbi_UnobservableInputAxis" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_UnobservableInputDomain" xlink:label="loc_mbi_UnobservableInputDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_UnobservableInputDomain" xml:lang="en-US">Unobservable Input [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_UnobservableInputDomain" xlink:to="lab_mbi_UnobservableInputDomain" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_CashFlowsMember" xlink:label="loc_mbi_CashFlowsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_CashFlowsMember" xml:lang="en-US">Cash Flows [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_CashFlowsMember" xlink:to="lab_mbi_CashFlowsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_CashFlowsMember" xml:lang="en-US">Cash Flows [Member]</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_RecoveryRatesAndBreachRatesMember" xlink:label="loc_mbi_RecoveryRatesAndBreachRatesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_RecoveryRatesAndBreachRatesMember" xml:lang="en-US">Recovery Rates And Breach Rates [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_RecoveryRatesAndBreachRatesMember" xml:lang="en-US">Recovery Rates And Breach Rates [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_RecoveryRatesAndBreachRatesMember" xlink:to="lab_mbi_RecoveryRatesAndBreachRatesMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_ImpactOfFinancialGuaranteeMember" xlink:label="loc_mbi_ImpactOfFinancialGuaranteeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_ImpactOfFinancialGuaranteeMember" xml:lang="en-US">Impact Of Financial Guarantee [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_ImpactOfFinancialGuaranteeMember" xlink:to="lab_mbi_ImpactOfFinancialGuaranteeMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_NonperformanceRiskMember" xlink:label="loc_mbi_NonperformanceRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_NonperformanceRiskMember" xml:lang="en-US">Nonperformance Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_NonperformanceRiskMember" xlink:to="lab_mbi_NonperformanceRiskMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems" xml:lang="en-US">Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems" xml:lang="en-US">Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems" xlink:to="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_FairValueMeasurementRangePercentage" xlink:label="loc_mbi_FairValueMeasurementRangePercentage" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_FairValueMeasurementRangePercentage" xml:lang="en-US">Fair Value Measurement Range Percentage</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_FairValueMeasurementRangePercentage" xml:lang="en-US">Range percentage</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_FairValueMeasurementRangePercentage" xlink:to="lab_mbi_FairValueMeasurementRangePercentage" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_FairValueMeasurementRangePercentage" xml:lang="en-US">This element represents the fair value measurement range percentage of the Company's assets and liabilities measured at fair value.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" xml:lang="en-US">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" xml:lang="en-US">Fair Value, assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" xml:lang="en-US">Ending balance, fair value assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" xml:lang="en-US">Beginning balance, fair value assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" xlink:to="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" xml:lang="en-US">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" xml:lang="en-US">Fair value, liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" xml:lang="en-US">Beginning balance, fair value liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" xml:lang="en-US">Ending balance, fair value liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" xlink:to="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ValuationTechniqueAxis" xlink:label="loc_us-gaap_ValuationTechniqueAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ValuationTechniqueAxis" xml:lang="en-US">Valuation Approach and Technique [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ValuationTechniqueAxis" xlink:to="lab_us-gaap_ValuationTechniqueAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ValuationTechniqueDomain" xlink:label="loc_us-gaap_ValuationTechniqueDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ValuationTechniqueDomain" xml:lang="en-US">Valuation Approach and Technique [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ValuationTechniqueDomain" xlink:to="lab_us-gaap_ValuationTechniqueDomain" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_QuotedMarketPricesOfVieAssetsAdjustedForFinancialGuaranteesProvidedMember" xlink:label="loc_mbi_QuotedMarketPricesOfVieAssetsAdjustedForFinancialGuaranteesProvidedMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_QuotedMarketPricesOfVieAssetsAdjustedForFinancialGuaranteesProvidedMember" xml:lang="en-US">Quoted Market Prices Of Vie Assets Adjusted For Financial Guarantees Provided [Member]</label>
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<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_MarketPricesAdjustedForFinancialGuaranteesProvidedToVieObligationsMember" xlink:label="loc_mbi_MarketPricesAdjustedForFinancialGuaranteesProvidedToVieObligationsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_MarketPricesAdjustedForFinancialGuaranteesProvidedToVieObligationsMember" xml:lang="en-US">Market Prices Adjusted For Financial Guarantees Provided To Vie Obligations [Member]</label>
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<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_DiscountedCashFlowMember" xlink:label="loc_mbi_DiscountedCashFlowMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_DiscountedCashFlowMember" xml:lang="en-US">Discounted Cash Flow [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_mbi_DiscountedCashFlowMember" xml:lang="en-US">Discounted cash flow [Member]</label>
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<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_DirectPriceModelMember" xlink:label="loc_mbi_DirectPriceModelMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_DirectPriceModelMember" xml:lang="en-US">Direct Price Model [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_DirectPriceModelMember" xlink:to="lab_mbi_DirectPriceModelMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancialInstrumentAxis" xlink:label="loc_us-gaap_FinancialInstrumentAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FinancialInstrumentAxis" xml:lang="en-US">Financial Instrument [Axis]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_FinancialInstrumentAxis" xml:lang="en-US">Financial Instrument [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancialInstrumentAxis" xlink:to="lab_us-gaap_FinancialInstrumentAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain" xml:lang="en-US">Financial Instruments [Domain]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain" xml:lang="en-US">Financial Instruments [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain" xlink:to="lab_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_OtherDerivativesLiabilitiesMember" xlink:label="loc_mbi_OtherDerivativesLiabilitiesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_OtherDerivativesLiabilitiesMember" xml:lang="en-US">Other Derivatives Liabilities [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_OtherDerivativesLiabilitiesMember" xlink:to="lab_mbi_OtherDerivativesLiabilitiesMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:label="loc_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xml:lang="en-US">Schedule of Accounts, Notes, Loans and Financing Receivable [Table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:to="lab_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:label="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueByFairValueHierarchyLevelAxis" xml:lang="en-US">Fair Value Hierarchy and NAV [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:to="lab_us-gaap_FairValueByFairValueHierarchyLevelAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xml:lang="en-US">Fair Value Hierarchy and NAV [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:to="lab_us-gaap_FairValueMeasurementsFairValueHierarchyDomain" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueInputsLevel1Member" xlink:label="loc_us-gaap_FairValueInputsLevel1Member" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueInputsLevel1Member" xml:lang="en-US">Fair Value, Inputs, Level 1 [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_FairValueInputsLevel1Member" xml:lang="en-US">Fair Value Inputs Level 1 [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueInputsLevel1Member" xlink:to="lab_us-gaap_FairValueInputsLevel1Member" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueInputsLevel2Member" xlink:label="loc_us-gaap_FairValueInputsLevel2Member" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueInputsLevel2Member" xml:lang="en-US">Fair Value, Inputs, Level 2 [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_FairValueInputsLevel2Member" xml:lang="en-US">Fair Value Inputs Level 2 [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueInputsLevel2Member" xlink:to="lab_us-gaap_FairValueInputsLevel2Member" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueInputsLevel3Member" xlink:label="loc_us-gaap_FairValueInputsLevel3Member" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueInputsLevel3Member" xml:lang="en-US">Fair Value, Inputs, Level 3 [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_FairValueInputsLevel3Member" xml:lang="en-US">Fair Value Inputs Level 3 [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_FairValueInputsLevel3Member" xml:lang="en-US">Fair Value Inputs Level 3 [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueInputsLevel3Member" xlink:to="lab_us-gaap_FairValueInputsLevel3Member" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueByLiabilityClassAxis" xlink:label="loc_us-gaap_FairValueByLiabilityClassAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueByLiabilityClassAxis" xml:lang="en-US">Liability Class [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueByLiabilityClassAxis" xlink:to="lab_us-gaap_FairValueByLiabilityClassAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain" xlink:label="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain" xml:lang="en-US">Fair Value by Liability Class [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain" xlink:to="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_InsuredDerivativesMember" xlink:label="loc_mbi_InsuredDerivativesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_InsuredDerivativesMember" xml:lang="en-US">Insured Derivatives [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_InsuredDerivativesMember" xlink:to="lab_mbi_InsuredDerivativesMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_NonInsuredDerivativesMember" xlink:label="loc_mbi_NonInsuredDerivativesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_NonInsuredDerivativesMember" xml:lang="en-US">Non Insured Derivatives [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_NonInsuredDerivativesMember" xml:lang="en-US">Non-Insured Derivatives [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_NonInsuredDerivativesMember" xlink:to="lab_mbi_NonInsuredDerivativesMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_MortgageBackedSecuritiesMember" xlink:label="loc_us-gaap_MortgageBackedSecuritiesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_MortgageBackedSecuritiesMember" xml:lang="en-US">Collateralized Mortgage Backed Securities [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_MortgageBackedSecuritiesMember" xml:lang="en-US">Mortgage-backed [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MortgageBackedSecuritiesMember" xlink:to="lab_us-gaap_MortgageBackedSecuritiesMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetBackedSecuritiesMember" xlink:label="loc_us-gaap_AssetBackedSecuritiesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AssetBackedSecuritiesMember" xml:lang="en-US">Asset-backed Securities [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_AssetBackedSecuritiesMember" xml:lang="en-US">Asset-backed [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AssetBackedSecuritiesMember" xlink:to="lab_us-gaap_AssetBackedSecuritiesMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_OtherFixedMaturityInvestmentsMember" xlink:label="loc_mbi_OtherFixedMaturityInvestmentsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_OtherFixedMaturityInvestmentsMember" xml:lang="en-US">Other Fixed Maturity Investments [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_OtherFixedMaturityInvestmentsMember" xlink:to="lab_mbi_OtherFixedMaturityInvestmentsMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueByMeasurementFrequencyAxis" xlink:label="loc_us-gaap_FairValueByMeasurementFrequencyAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueByMeasurementFrequencyAxis" xml:lang="en-US">Measurement Frequency [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueByMeasurementFrequencyAxis" xlink:to="lab_us-gaap_FairValueByMeasurementFrequencyAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasurementFrequencyDomain" xlink:label="loc_us-gaap_FairValueMeasurementFrequencyDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueMeasurementFrequencyDomain" xml:lang="en-US">Fair Value, Measurement Frequency [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementFrequencyDomain" xlink:to="lab_us-gaap_FairValueMeasurementFrequencyDomain" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasurementsRecurringMember" xlink:label="loc_us-gaap_FairValueMeasurementsRecurringMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueMeasurementsRecurringMember" xml:lang="en-US">Fair Value Measurements Recurring [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementsRecurringMember" xlink:to="lab_us-gaap_FairValueMeasurementsRecurringMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="loc_us-gaap_AccountsNotesAndLoansReceivableLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AccountsNotesAndLoansReceivableLineItems" xml:lang="en-US">Accounts, Notes, Loans and Financing Receivable [Line Items]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_AccountsNotesAndLoansReceivableLineItems" xml:lang="en-US">Accounts Notes And Loans Receivable [Line Items]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_AccountsNotesAndLoansReceivableLineItems" xml:lang="en-US">Accounts Notes And Loans Receivable [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:to="lab_us-gaap_AccountsNotesAndLoansReceivableLineItems" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetsFairValueDisclosure" xlink:label="loc_us-gaap_AssetsFairValueDisclosure" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AssetsFairValueDisclosure" xml:lang="en-US">Assets, Fair Value Disclosure</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_AssetsFairValueDisclosure" xml:lang="en-US">Fair value financial assets measured on recurring basis</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_AssetsFairValueDisclosure" xml:lang="en-US">Total assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AssetsFairValueDisclosure" xlink:to="lab_us-gaap_AssetsFairValueDisclosure" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LiabilitiesFairValueDisclosure" xlink:label="loc_us-gaap_LiabilitiesFairValueDisclosure" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_LiabilitiesFairValueDisclosure" xml:lang="en-US">Financial and Nonfinancial Liabilities, Fair Value Disclosure</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_LiabilitiesFairValueDisclosure" xml:lang="en-US">Fair value financial liabilities measured on recurring basis</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_LiabilitiesFairValueDisclosure" xml:lang="en-US">Total liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LiabilitiesFairValueDisclosure" xlink:to="lab_us-gaap_LiabilitiesFairValueDisclosure" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeLiabilityFairValueGrossAssetAndRightToReclaimCashOffset" xlink:label="loc_us-gaap_DerivativeLiabilityFairValueGrossAssetAndRightToReclaimCashOffset" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_DerivativeLiabilityFairValueGrossAssetAndRightToReclaimCashOffset" xml:lang="en-US">Derivative Liability, Fair Value, Gross Asset and Right to Reclaim Cash, Offset</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_DerivativeLiabilityFairValueGrossAssetAndRightToReclaimCashOffset" xml:lang="en-US">Counterparty and cash collateral netting</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeLiabilityFairValueGrossAssetAndRightToReclaimCashOffset" xlink:to="lab_us-gaap_DerivativeLiabilityFairValueGrossAssetAndRightToReclaimCashOffset" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ResidentialPortfolioSegmentMember" xlink:label="loc_us-gaap_ResidentialPortfolioSegmentMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ResidentialPortfolioSegmentMember" xml:lang="en-US">Residential Portfolio Segment [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_ResidentialPortfolioSegmentMember" xml:lang="en-US">Residential Loans Receivable [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_ResidentialPortfolioSegmentMember" xml:lang="en-US">Residential Prime Financing Receivable [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ResidentialPortfolioSegmentMember" xlink:to="lab_us-gaap_ResidentialPortfolioSegmentMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InvestmentTypeAxis" xlink:label="loc_us-gaap_InvestmentTypeAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_InvestmentTypeAxis" xml:lang="en-US">Investment Type [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InvestmentTypeAxis" xlink:to="lab_us-gaap_InvestmentTypeAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_InvestmentTypeCategorizationMember" xml:lang="en-US">Investments [Domain]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_InvestmentTypeCategorizationMember" xml:lang="en-US">Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment Category [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember" xlink:to="lab_us-gaap_InvestmentTypeCategorizationMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FixedMaturitiesMember" xlink:label="loc_us-gaap_FixedMaturitiesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FixedMaturitiesMember" xml:lang="en-US">Fixed Maturities [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FixedMaturitiesMember" xlink:to="lab_us-gaap_FixedMaturitiesMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_AssetsOfConsolidatedViesMember" xlink:label="loc_mbi_AssetsOfConsolidatedViesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_AssetsOfConsolidatedViesMember" xml:lang="en-US">Assets Of Consolidated VIEs [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_AssetsOfConsolidatedViesMember" xml:lang="en-US">Assets Of Consolidated V I Es [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_AssetsOfConsolidatedViesMember" xlink:to="lab_mbi_AssetsOfConsolidatedViesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_AssetsOfConsolidatedViesMember" xml:lang="en-US">Assets of Consolidated VIEs [Member]</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_DerivativeLiabilitiesMember" xlink:label="loc_mbi_DerivativeLiabilitiesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_DerivativeLiabilitiesMember" xml:lang="en-US">Derivative Liabilities [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_DerivativeLiabilitiesMember" xml:lang="en-US">Derivative liabilities [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_DerivativeLiabilitiesMember" xlink:to="lab_mbi_DerivativeLiabilitiesMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherLiabilitiesMember" xlink:label="loc_us-gaap_OtherLiabilitiesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_OtherLiabilitiesMember" xml:lang="en-US">Other Liabilities [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherLiabilitiesMember" xlink:to="lab_us-gaap_OtherLiabilitiesMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_DerivativeAssetsMember" xlink:label="loc_mbi_DerivativeAssetsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_DerivativeAssetsMember" xml:lang="en-US">Derivative Assets [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_DerivativeAssetsMember" xlink:to="lab_mbi_DerivativeAssetsMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_LiabilitiesOfConsolidatedViesMember" xlink:label="loc_mbi_LiabilitiesOfConsolidatedViesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_LiabilitiesOfConsolidatedViesMember" xml:lang="en-US">Liabilities Of Consolidated Vies [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_LiabilitiesOfConsolidatedViesMember" xlink:to="lab_mbi_LiabilitiesOfConsolidatedViesMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_InvestmentNotesAxis" xlink:label="loc_mbi_InvestmentNotesAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_InvestmentNotesAxis" xml:lang="en-US">Investment Notes [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_InvestmentNotesAxis" xlink:to="lab_mbi_InvestmentNotesAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_InvestmentNotesAxis" xml:lang="en-US">Investment Notes [Axis]</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_InvestmentNotesDomain" xlink:label="loc_mbi_InvestmentNotesDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_InvestmentNotesDomain" xml:lang="en-US">Investment Notes [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_InvestmentNotesDomain" xlink:to="lab_mbi_InvestmentNotesDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_InvestmentNotesDomain" xml:lang="en-US">Investment Notes [Domain]</label>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_USTreasuryAndGovernmentMember" xlink:label="loc_us-gaap_USTreasuryAndGovernmentMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_USTreasuryAndGovernmentMember" xml:lang="en-US">US Treasury and Government [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_USTreasuryAndGovernmentMember" xml:lang="en-US">U S Treasury And Government [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_USTreasuryAndGovernmentMember" xlink:to="lab_us-gaap_USTreasuryAndGovernmentMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_USStatesAndPoliticalSubdivisionsMember" xlink:label="loc_us-gaap_USStatesAndPoliticalSubdivisionsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_USStatesAndPoliticalSubdivisionsMember" xml:lang="en-US">US States and Political Subdivisions Debt Securities [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_USStatesAndPoliticalSubdivisionsMember" xml:lang="en-US">State and municipal bonds [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_USStatesAndPoliticalSubdivisionsMember" xml:lang="en-US">US States And Political Subdivisions [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_USStatesAndPoliticalSubdivisionsMember" xlink:to="lab_us-gaap_USStatesAndPoliticalSubdivisionsMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ForeignGovernmentDebtMember" xlink:label="loc_us-gaap_ForeignGovernmentDebtMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ForeignGovernmentDebtMember" xml:lang="en-US">Foreign Government Debt [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_ForeignGovernmentDebtMember" xml:lang="en-US">Foreign Government Debt [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_ForeignGovernmentDebtMember" xml:lang="en-US">Foreign Governments [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ForeignGovernmentDebtMember" xlink:to="lab_us-gaap_ForeignGovernmentDebtMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_CorporateObligationsMember" xlink:label="loc_mbi_CorporateObligationsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_CorporateObligationsMember" xml:lang="en-US">Corporate Obligations [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_CorporateObligationsMember" xlink:to="lab_mbi_CorporateObligationsMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_ResidentialMortgageBackedAgencyMember" xlink:label="loc_mbi_ResidentialMortgageBackedAgencyMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_ResidentialMortgageBackedAgencyMember" xml:lang="en-US">Residential Mortgage Backed Agency [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_ResidentialMortgageBackedAgencyMember" xml:lang="en-US">Residential Mortgage-Backed Agency [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_mbi_ResidentialMortgageBackedAgencyMember" xml:lang="en-US">Residential Mortgage Backed Agency [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_ResidentialMortgageBackedAgencyMember" xlink:to="lab_mbi_ResidentialMortgageBackedAgencyMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_ResidentialMortgageBackedAgencyMember" xml:lang="en-US">Residential Mortgage Backed Agency [Member]</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_ResidentialMortgageBackedNonAgencyMember" xlink:label="loc_mbi_ResidentialMortgageBackedNonAgencyMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_ResidentialMortgageBackedNonAgencyMember" xml:lang="en-US">Residential Mortgage Backed Non Agency [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_ResidentialMortgageBackedNonAgencyMember" xml:lang="en-US">Residential Mortgage-Backed Non-Agency [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/disclosureGuidance" xlink:label="lab_mbi_ResidentialMortgageBackedNonAgencyMember" xml:lang="en-US">Residential Mortgage Backed Non Agency [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_ResidentialMortgageBackedNonAgencyMember" xlink:to="lab_mbi_ResidentialMortgageBackedNonAgencyMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_ResidentialMortgageBackedNonAgencyMember" xml:lang="en-US">Residential Mortgage-Backed Non-Agency [Member]</label>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CollateralizedDebtObligationsMember" xlink:label="loc_us-gaap_CollateralizedDebtObligationsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_CollateralizedDebtObligationsMember" xml:lang="en-US">Collateralized Debt Obligations [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_CollateralizedDebtObligationsMember" xml:lang="en-US">Collateralized Debt Obligations [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_CollateralizedDebtObligationsMember" xml:lang="en-US">Collateralized Debt Obligations [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CollateralizedDebtObligationsMember" xlink:to="lab_us-gaap_CollateralizedDebtObligationsMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_OtherAssetBackedMember" xlink:label="loc_mbi_OtherAssetBackedMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_OtherAssetBackedMember" xml:lang="en-US">Other Asset Backed [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_OtherAssetBackedMember" xml:lang="en-US">Other Asset-Backed [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/disclosureGuidance" xlink:label="lab_mbi_OtherAssetBackedMember" xml:lang="en-US">Other Asset Backed [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_OtherAssetBackedMember" xlink:to="lab_mbi_OtherAssetBackedMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_MoneyMarketSecuritiesMember" xlink:label="loc_mbi_MoneyMarketSecuritiesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_MoneyMarketSecuritiesMember" xml:lang="en-US">Money Market Securities [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_MoneyMarketSecuritiesMember" xlink:to="lab_mbi_MoneyMarketSecuritiesMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_InterestRateDerivativesMember" xlink:label="loc_mbi_InterestRateDerivativesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_InterestRateDerivativesMember" xml:lang="en-US">Interest Rate Derivatives [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_InterestRateDerivativesMember" xlink:to="lab_mbi_InterestRateDerivativesMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_PerpetualDebtAndEquitySecuritiesMember" xlink:label="loc_mbi_PerpetualDebtAndEquitySecuritiesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_PerpetualDebtAndEquitySecuritiesMember" xml:lang="en-US">Perpetual Debt And Equity Securities [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_PerpetualDebtAndEquitySecuritiesMember" xlink:to="lab_mbi_PerpetualDebtAndEquitySecuritiesMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CashAndCashEquivalentsMember" xlink:label="loc_us-gaap_CashAndCashEquivalentsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_CashAndCashEquivalentsMember" xml:lang="en-US">Cash and Cash Equivalents [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashAndCashEquivalentsMember" xlink:to="lab_us-gaap_CashAndCashEquivalentsMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FixedIncomeFundsMember" xlink:label="loc_us-gaap_FixedIncomeFundsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FixedIncomeFundsMember" xml:lang="en-US">Fixed Income Funds [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FixedIncomeFundsMember" xlink:to="lab_us-gaap_FixedIncomeFundsMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherAssetsMember" xlink:label="loc_us-gaap_OtherAssetsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_OtherAssetsMember" xml:lang="en-US">Other Assets [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_OtherAssetsMember" xml:lang="en-US">Other [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_OtherAssetsMember" xml:lang="en-US">Other assets [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherAssetsMember" xlink:to="lab_us-gaap_OtherAssetsMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_LoansReceivableAndOtherInstrumentsAtFairValueMember" xlink:label="loc_mbi_LoansReceivableAndOtherInstrumentsAtFairValueMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_LoansReceivableAndOtherInstrumentsAtFairValueMember" xml:lang="en-US">Loans Receivable and other Instruments At Fair Value [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_LoansReceivableAndOtherInstrumentsAtFairValueMember" xlink:to="lab_mbi_LoansReceivableAndOtherInstrumentsAtFairValueMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_MediumTermNotesMember" xlink:label="loc_us-gaap_MediumTermNotesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_MediumTermNotesMember" xml:lang="en-US">Medium-term Notes [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_MediumTermNotesMember" xml:lang="en-US">Medium Term Notes [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_MediumTermNotesMember" xml:lang="en-US">Medium-term notes [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MediumTermNotesMember" xlink:to="lab_us-gaap_MediumTermNotesMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_CurrencyDerivativesMember" xlink:label="loc_mbi_CurrencyDerivativesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_CurrencyDerivativesMember" xml:lang="en-US">Currency Derivatives [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_CurrencyDerivativesMember" xlink:to="lab_mbi_CurrencyDerivativesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_CurrencyDerivativesMember" xml:lang="en-US">Currency Derivatives [Member]</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_OtherPayableMember" xlink:label="loc_mbi_OtherPayableMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_OtherPayableMember" xml:lang="en-US">Other Payable [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_OtherPayableMember" xlink:to="lab_mbi_OtherPayableMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfFairValueOffBalanceSheetRisksTable" xlink:label="loc_us-gaap_ScheduleOfFairValueOffBalanceSheetRisksTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ScheduleOfFairValueOffBalanceSheetRisksTable" xml:lang="en-US">Schedule of Fair Value, Off-balance Sheet Risks [Table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfFairValueOffBalanceSheetRisksTable" xlink:to="lab_us-gaap_ScheduleOfFairValueOffBalanceSheetRisksTable" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems" xlink:label="loc_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems" xml:lang="en-US">Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems" xml:lang="en-US">Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems" xlink:to="lab_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LongTermDebtFairValue" xlink:label="loc_us-gaap_LongTermDebtFairValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_LongTermDebtFairValue" xml:lang="en-US">Long-term Debt, Fair Value</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_LongTermDebtFairValue" xml:lang="en-US">Long-term debt</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongTermDebtFairValue" xlink:to="lab_us-gaap_LongTermDebtFairValue" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_GuaranteedInvestmentAgreementsFairValue" xlink:label="loc_mbi_GuaranteedInvestmentAgreementsFairValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_GuaranteedInvestmentAgreementsFairValue" xml:lang="en-US">Guaranteed Investment Agreements Fair Value</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_GuaranteedInvestmentAgreementsFairValue" xml:lang="en-US">Investment agreements</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_GuaranteedInvestmentAgreementsFairValue" xlink:to="lab_mbi_GuaranteedInvestmentAgreementsFairValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_GuaranteedInvestmentAgreementsFairValue" xml:lang="en-US">Guaranteed Investment Agreements Fair Value</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_FinancialGuaranteeGross" xlink:label="loc_mbi_FinancialGuaranteeGross" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_FinancialGuaranteeGross" xml:lang="en-US">Financial Guarantee Gross</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_FinancialGuaranteeGross" xml:lang="en-US">Gross</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_FinancialGuaranteeGross" xlink:to="lab_mbi_FinancialGuaranteeGross" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_FinancialGuaranteeGross" xml:lang="en-US">Represents the Company's balance sheet carrying amount of the financial guarantee insurance contract obligations with third parties. The gross balance sheet carrying amount comprises the unearned premium revenue and the loss and loss adjustment expense reserves balances</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_FinancialGuaranteeCeded" xlink:label="loc_mbi_FinancialGuaranteeCeded" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_FinancialGuaranteeCeded" xml:lang="en-US">Financial Guarantee Ceded</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_FinancialGuaranteeCeded" xml:lang="en-US">Ceded</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_FinancialGuaranteeCeded" xlink:to="lab_mbi_FinancialGuaranteeCeded" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_FinancialGuaranteeCeded" xml:lang="en-US">Represents the Company's balance sheet carrying amount of the financial guarantee insurance contracts ceded to third party reinsurers. The balance sheet carrying amount comprises the prepaid reinsurance premiums and reinsurance recoverable on paid and unpaid losses</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis" xlink:label="loc_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis" xml:lang="en-US">Disclosed At Fair Value Not Recorded At Fair Value [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis" xlink:to="lab_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_DisclosedAtFairValueNotRecordedAtFairValueDomain" xlink:label="loc_mbi_DisclosedAtFairValueNotRecordedAtFairValueDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_DisclosedAtFairValueNotRecordedAtFairValueDomain" xml:lang="en-US">Disclosed At Fair Value Not Recorded At Fair Value [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_DisclosedAtFairValueNotRecordedAtFairValueDomain" xlink:to="lab_mbi_DisclosedAtFairValueNotRecordedAtFairValueDomain" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember" xlink:label="loc_mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember" xml:lang="en-US">Value Disclosed At Fair Value Not Recorded At Fair Value [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember" xml:lang="en-US">Value Disclosed At Fair Value Not Recorded At Fair Value [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember" xlink:to="lab_mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_MajorPropertyClassAxis" xlink:label="loc_us-gaap_MajorPropertyClassAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_MajorPropertyClassAxis" xml:lang="en-US">Major Property Class [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MajorPropertyClassAxis" xlink:to="lab_us-gaap_MajorPropertyClassAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_MajorPropertyClassDomain" xlink:label="loc_us-gaap_MajorPropertyClassDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_MajorPropertyClassDomain" xml:lang="en-US">Major Property Class [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MajorPropertyClassDomain" xlink:to="lab_us-gaap_MajorPropertyClassDomain" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasurementsNonrecurringMember" xlink:label="loc_us-gaap_FairValueMeasurementsNonrecurringMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueMeasurementsNonrecurringMember" xml:lang="en-US">Fair Value, Measurements, Nonrecurring [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_FairValueMeasurementsNonrecurringMember" xml:lang="en-US">Fair Value Measurements Nonrecurring [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementsNonrecurringMember" xlink:to="lab_us-gaap_FairValueMeasurementsNonrecurringMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueByMeasurementBasisAxis" xlink:label="loc_us-gaap_FairValueByMeasurementBasisAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueByMeasurementBasisAxis" xml:lang="en-US">Measurement Basis [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueByMeasurementBasisAxis" xlink:to="lab_us-gaap_FairValueByMeasurementBasisAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PortionAtFairValueFairValueDisclosureMember" xlink:label="loc_us-gaap_PortionAtFairValueFairValueDisclosureMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_PortionAtFairValueFairValueDisclosureMember" xml:lang="en-US">Portion at Fair Value Measurement [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PortionAtFairValueFairValueDisclosureMember" xlink:to="lab_us-gaap_PortionAtFairValueFairValueDisclosureMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EstimateOfFairValueFairValueDisclosureMember" xlink:label="loc_us-gaap_EstimateOfFairValueFairValueDisclosureMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_EstimateOfFairValueFairValueDisclosureMember" xml:lang="en-US">Estimate of Fair Value Measurement [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_EstimateOfFairValueFairValueDisclosureMember" xml:lang="en-US">Fair Value [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EstimateOfFairValueFairValueDisclosureMember" xlink:to="lab_us-gaap_EstimateOfFairValueFairValueDisclosureMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CarryingReportedAmountFairValueDisclosureMember" xlink:label="loc_us-gaap_CarryingReportedAmountFairValueDisclosureMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_CarryingReportedAmountFairValueDisclosureMember" xml:lang="en-US">Reported Value Measurement [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_CarryingReportedAmountFairValueDisclosureMember" xml:lang="en-US">Carrying Reported Amount Fair Value Disclosure [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CarryingReportedAmountFairValueDisclosureMember" xlink:to="lab_us-gaap_CarryingReportedAmountFairValueDisclosureMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease" xml:lang="en-US">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Period Increase (Decrease)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease" xml:lang="en-US">Change in unrealized gains/(losses) for the period included in earnings for assets still held, assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease" xlink:to="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" xml:lang="en-US">Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" xml:lang="en-US">Unrealized gains/(losses) included in earnings, assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" xlink:to="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss" xml:lang="en-US">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss" xml:lang="en-US">Unrealized gains/(losses) included in OCI, assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss" xlink:to="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases" xml:lang="en-US">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases" xml:lang="en-US">Purchases, assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases" xlink:to="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3" xml:lang="en-US">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3" xml:lang="en-US">Transfers into level 3, assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3" xlink:to="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3" xml:lang="en-US">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3" xml:lang="en-US">Transfers out of level 3, assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3" xlink:to="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues" xml:lang="en-US">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Issuances</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues" xml:lang="en-US">Issuances, assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues" xlink:to="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements" xml:lang="en-US">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements" xml:lang="en-US">Settlements, assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements" xlink:to="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales" xml:lang="en-US">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales" xml:lang="en-US">Sales, assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales" xlink:to="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales" xml:lang="en-US">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Sales</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales" xml:lang="en-US">Sales, liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales" xlink:to="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" xlink:label="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" xml:lang="en-US">Fair Value, Liabilities Measured on Recurring Basis, Change in Unrealized Gain (Loss)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" xml:lang="en-US">Unrealized gains/(losses included in earnings, liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" xlink:to="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome" xml:lang="en-US">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Other Comprehensive Income (Loss)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome" xml:lang="en-US">Unrealized gains/(losses) included in OCI, liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome" xlink:to="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases" xml:lang="en-US">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Purchases</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases" xml:lang="en-US">Purchases, liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases" xlink:to="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues" xml:lang="en-US">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Issuances</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues" xml:lang="en-US">Issuances, liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues" xlink:to="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements" xml:lang="en-US">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Settlements</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements" xml:lang="en-US">Settlements, liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements" xlink:to="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3" xml:lang="en-US">Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers Into Level 3</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3" xml:lang="en-US">Transfers into Level 3, liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3" xlink:to="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3" xml:lang="en-US">Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers out of Level 3</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3" xml:lang="en-US">Transfers out of Level 3, liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3" xlink:to="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease" xml:lang="en-US">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Period Increase (Decrease)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease" xml:lang="en-US">Change in unrealized gains/(losses) for the period included in earnings for liabilities still held, liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease" xlink:to="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueAssetRecurringBasisStillHeldUnrealizedGainLossOci" xlink:label="loc_us-gaap_FairValueAssetRecurringBasisStillHeldUnrealizedGainLossOci" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueAssetRecurringBasisStillHeldUnrealizedGainLossOci" xml:lang="en-US">Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_FairValueAssetRecurringBasisStillHeldUnrealizedGainLossOci" xml:lang="en-US">Change in unrealized gains/(losses) for the period included in OCI for Liabilities still held</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueAssetRecurringBasisStillHeldUnrealizedGainLossOci" xlink:to="lab_us-gaap_FairValueAssetRecurringBasisStillHeldUnrealizedGainLossOci" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueLiabilityRecurringBasisStillHeldUnrealizedGainLossOci" xlink:label="loc_us-gaap_FairValueLiabilityRecurringBasisStillHeldUnrealizedGainLossOci" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueLiabilityRecurringBasisStillHeldUnrealizedGainLossOci" xml:lang="en-US">Fair Value, Liability, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_FairValueLiabilityRecurringBasisStillHeldUnrealizedGainLossOci" xml:lang="en-US">Change in Unrealized (Gains)/ Losses for the Period Included in OCI for Liabilities still held</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueLiabilityRecurringBasisStillHeldUnrealizedGainLossOci" xlink:to="lab_us-gaap_FairValueLiabilityRecurringBasisStillHeldUnrealizedGainLossOci" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_CorporateObligationMember" xlink:label="loc_mbi_CorporateObligationMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_CorporateObligationMember" xml:lang="en-US">Corporate Obligation [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_CorporateObligationMember" xml:lang="en-US">Corporate Obligations [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_CorporateObligationMember" xlink:to="lab_mbi_CorporateObligationMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_CorporateObligationMember" xml:lang="en-US">Corporate Obligations [Member]</label>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings" xml:lang="en-US">Fair Value, Assets and Liabilities Measured on Recurring Basis, Gain (Loss) Included in Earnings</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings" xml:lang="en-US">Total revenues</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings" xlink:to="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_FairValueByConsolidatedStatementsOfOperationsAxis" xlink:label="loc_mbi_FairValueByConsolidatedStatementsOfOperationsAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_FairValueByConsolidatedStatementsOfOperationsAxis" xml:lang="en-US">Fair Value By Consolidated Statements Of Operations [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_FairValueByConsolidatedStatementsOfOperationsAxis" xlink:to="lab_mbi_FairValueByConsolidatedStatementsOfOperationsAxis" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_GainsAndLossesRealizedAndUnrealizedEarningsDomain" xlink:label="loc_mbi_GainsAndLossesRealizedAndUnrealizedEarningsDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_GainsAndLossesRealizedAndUnrealizedEarningsDomain" xml:lang="en-US">Gains And Losses Realized And Unrealized Earnings [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_GainsAndLossesRealizedAndUnrealizedEarningsDomain" xlink:to="lab_mbi_GainsAndLossesRealizedAndUnrealizedEarningsDomain" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_ChangeInUnrealizedGainsLossesForPeriodIncludedInEarningsForAssetsAndLiabilitiesStillHeldMember" xlink:label="loc_mbi_ChangeInUnrealizedGainsLossesForPeriodIncludedInEarningsForAssetsAndLiabilitiesStillHeldMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_ChangeInUnrealizedGainsLossesForPeriodIncludedInEarningsForAssetsAndLiabilitiesStillHeldMember" xml:lang="en-US">Change In Unrealized Gains Losses For Period Included In Earnings For Assets And Liabilities Still Held [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_ChangeInUnrealizedGainsLossesForPeriodIncludedInEarningsForAssetsAndLiabilitiesStillHeldMember" xml:lang="en-US">Change in Unrealized Gains (Losses) for the Period Included in Earnings for Assets and Liabilities still held [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_ChangeInUnrealizedGainsLossesForPeriodIncludedInEarningsForAssetsAndLiabilitiesStillHeldMember" xlink:to="lab_mbi_ChangeInUnrealizedGainsLossesForPeriodIncludedInEarningsForAssetsAndLiabilitiesStillHeldMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_ChangeInUnrealizedGainsLossesForPeriodIncludedInEarningsForAssetsAndLiabilitiesStillHeldMember" xml:lang="en-US">Change In Unrealized Gains (Losses) For The Period Included In Earnings For Assets And Liabilities Still Held [Member]</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_TotalGainsLossesIncludedInEarningsMember" xlink:label="loc_mbi_TotalGainsLossesIncludedInEarningsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_TotalGainsLossesIncludedInEarningsMember" xml:lang="en-US">Total Gains Losses Included In Earnings [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_TotalGainsLossesIncludedInEarningsMember" xml:lang="en-US">Total Gains (Losses) Included in Earnings [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_TotalGainsLossesIncludedInEarningsMember" xlink:to="lab_mbi_TotalGainsLossesIncludedInEarningsMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_FixedMaturitySecuritiesHeldAtFairValueVieMember" xlink:label="loc_mbi_FixedMaturitySecuritiesHeldAtFairValueVieMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_FixedMaturitySecuritiesHeldAtFairValueVieMember" xml:lang="en-US">Fixed Maturity Securities Held At Fair Value Vie [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_FixedMaturitySecuritiesHeldAtFairValueVieMember" xml:lang="en-US">Fixed Maturity Securities Held At Fair Value - VIE [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_FixedMaturitySecuritiesHeldAtFairValueVieMember" xlink:to="lab_mbi_FixedMaturitySecuritiesHeldAtFairValueVieMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_FixedMaturitySecuritiesHeldAtFairValueVieMember" xml:lang="en-US">mbi:FixedMaturitySecuritiesHeldAtFairValueVieMember</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_InvestmentsCarriedAtFairValueMember" xlink:label="loc_mbi_InvestmentsCarriedAtFairValueMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_InvestmentsCarriedAtFairValueMember" xml:lang="en-US">Investments Carried At Fair Value [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="lab_mbi_InvestmentsCarriedAtFairValueMember" xml:lang="en-US">Investments Carried At Fair Value [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_InvestmentsCarriedAtFairValueMember" xlink:to="lab_mbi_InvestmentsCarriedAtFairValueMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_InvestmentsCarriedAtFairValueMember" xml:lang="en-US">mbi:InvestmentsCarriedAtFairValueMember</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_ResidentialMortgageLoansMember" xlink:label="loc_mbi_ResidentialMortgageLoansMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_ResidentialMortgageLoansMember" xml:lang="en-US">Residential Mortgage Loans [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_ResidentialMortgageLoansMember" xlink:to="lab_mbi_ResidentialMortgageLoansMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentTable" xlink:label="loc_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentTable" xml:lang="en-US">Schedule of Fair Value of Separate Accounts by Major Category of Investment [Table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentTable" xlink:to="lab_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentTable" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems" xlink:label="loc_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems" xml:lang="en-US">Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems" xml:lang="en-US">Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems" xlink:to="lab_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable" xlink:label="loc_mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable" xml:lang="en-US">Fair Value Option Contractual Outstanding Principal Loans Receivable</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable" xml:lang="en-US">Loans receivable and other instruments, contractual outstanding principal</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable" xlink:to="lab_mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable" xml:lang="en-US">Fair Value Option Contractual Outstanding Principal Loans Receivable</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable90DaysOrMorePastDue" xlink:label="loc_mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable90DaysOrMorePastDue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable90DaysOrMorePastDue" xml:lang="en-US">Fair value option contractual outstanding principal loans receivable 90 days or more past due</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable90DaysOrMorePastDue" xml:lang="en-US">Loans receivable and other instruments, 90 days or more past due, contractual outstanding principal</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable90DaysOrMorePastDue" xlink:to="lab_mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable90DaysOrMorePastDue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable90DaysOrMorePastDue" xml:lang="en-US">Fair Value Option Contractual Outstanding Principal Loans Receivable 90 Days or More Past Due</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_FairValueOptionAggregateFairValueLoansReceivable" xlink:label="loc_mbi_FairValueOptionAggregateFairValueLoansReceivable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_FairValueOptionAggregateFairValueLoansReceivable" xml:lang="en-US">Fair Value Option Aggregate Fair Value Loans Receivable</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_FairValueOptionAggregateFairValueLoansReceivable" xml:lang="en-US">Loans receivable and other instruments, fair value</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_FairValueOptionAggregateFairValueLoansReceivable" xlink:to="lab_mbi_FairValueOptionAggregateFairValueLoansReceivable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_FairValueOptionAggregateFairValueLoansReceivable" xml:lang="en-US">Fair Value Option Aggregate Fair Value Loans Receivable</label>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue" xlink:label="loc_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue" xml:lang="en-US">Fair Value, Option, Loans Held as Assets, 90 Days or More Past Due</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue" xml:lang="en-US">Loans receivable and other instruments, 90 days or more past due, fair value</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue" xlink:to="lab_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueOptionAggregateDifferencesLoansAndLongTermReceivables" xlink:label="loc_us-gaap_FairValueOptionAggregateDifferencesLoansAndLongTermReceivables" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueOptionAggregateDifferencesLoansAndLongTermReceivables" xml:lang="en-US">Fair Value, Option, Aggregate Differences, Loans and Long-term Receivables</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_FairValueOptionAggregateDifferencesLoansAndLongTermReceivables" xml:lang="en-US">Loans receivable and other instruments, difference</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueOptionAggregateDifferencesLoansAndLongTermReceivables" xlink:to="lab_us-gaap_FairValueOptionAggregateDifferencesLoansAndLongTermReceivables" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDueAggregateDifference" xlink:label="loc_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDueAggregateDifference" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDueAggregateDifference" xml:lang="en-US">Fair Value, Option, Loans Held as Assets, 90 Days or More Past Due, Aggregate Difference</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDueAggregateDifference" xml:lang="en-US">Loans receivable and other instruments, 90 days or more past due, difference</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDueAggregateDifference" xlink:to="lab_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDueAggregateDifference" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_FairValueOptionContractualOutstandingPrincipalLongTermDebtInstruments" xlink:label="loc_mbi_FairValueOptionContractualOutstandingPrincipalLongTermDebtInstruments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_FairValueOptionContractualOutstandingPrincipalLongTermDebtInstruments" xml:lang="en-US">Fair Value Option Contractual Outstanding Principal Long Term Debt Instruments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_mbi_FairValueOptionContractualOutstandingPrincipalLongTermDebtInstruments" xml:lang="en-US">Long-term debt instruments, contractual outstanding principal</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_FairValueOptionContractualOutstandingPrincipalLongTermDebtInstruments" xlink:to="lab_mbi_FairValueOptionContractualOutstandingPrincipalLongTermDebtInstruments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_FairValueOptionContractualOutstandingPrincipalLongTermDebtInstruments" xml:lang="en-US">Fair Value Option Contractual Outstanding Principal Long-Term Debt Instruments</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_FairValueOptionAggregateFairValueLongTermDebtInstruments" xlink:label="loc_mbi_FairValueOptionAggregateFairValueLongTermDebtInstruments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_FairValueOptionAggregateFairValueLongTermDebtInstruments" xml:lang="en-US">Fair Value Option Aggregate Fair Value Long Term Debt Instruments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_FairValueOptionAggregateFairValueLongTermDebtInstruments" xml:lang="en-US">Long-term debt instruments, fair value</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_FairValueOptionAggregateFairValueLongTermDebtInstruments" xlink:to="lab_mbi_FairValueOptionAggregateFairValueLongTermDebtInstruments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_FairValueOptionAggregateFairValueLongTermDebtInstruments" xml:lang="en-US">Fair Value Option Aggregate Fair Value Long Term Debt Instruments</label>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueOptionAggregateDifferencesLongTermDebtInstruments" xlink:label="loc_us-gaap_FairValueOptionAggregateDifferencesLongTermDebtInstruments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueOptionAggregateDifferencesLongTermDebtInstruments" xml:lang="en-US">Fair Value, Option, Aggregate Differences, Long-term Debt Instruments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_FairValueOptionAggregateDifferencesLongTermDebtInstruments" xml:lang="en-US">Long-term debt instruments, difference</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueOptionAggregateDifferencesLongTermDebtInstruments" xlink:to="lab_us-gaap_FairValueOptionAggregateDifferencesLongTermDebtInstruments" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_TotalLoansReceivableAndOtherInstrumentsMember" xlink:label="loc_mbi_TotalLoansReceivableAndOtherInstrumentsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_TotalLoansReceivableAndOtherInstrumentsMember" xml:lang="en-US">Total Loans Receivable and Other Instruments [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_TotalLoansReceivableAndOtherInstrumentsMember" xlink:to="lab_mbi_TotalLoansReceivableAndOtherInstrumentsMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable" xlink:label="loc_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable" xml:lang="en-US">Debt Securities, Trading, and Equity Securities, FV-NI [Table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable" xlink:to="lab_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfInvestmentsLineItems" xlink:label="loc_us-gaap_ScheduleOfInvestmentsLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ScheduleOfInvestmentsLineItems" xml:lang="en-US">Schedule of Investments [Line Items]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_ScheduleOfInvestmentsLineItems" xml:lang="en-US">Schedule Of Investments [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfInvestmentsLineItems" xlink:to="lab_us-gaap_ScheduleOfInvestmentsLineItems" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_FairValueOfSecuritiesOnDepositWithVariousRegulatoryAuthorities" xlink:label="loc_mbi_FairValueOfSecuritiesOnDepositWithVariousRegulatoryAuthorities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_FairValueOfSecuritiesOnDepositWithVariousRegulatoryAuthorities" xml:lang="en-US">Fair Value Of Securities On Deposit With Various Regulatory Authorities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_mbi_FairValueOfSecuritiesOnDepositWithVariousRegulatoryAuthorities" xml:lang="en-US">Fair value of securities on deposit with various regulatory authorities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_FairValueOfSecuritiesOnDepositWithVariousRegulatoryAuthorities" xlink:to="lab_mbi_FairValueOfSecuritiesOnDepositWithVariousRegulatoryAuthorities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_FairValueOfSecuritiesOnDepositWithVariousRegulatoryAuthorities" xml:lang="en-US">Fair Value Of Securities On Deposit With Various Regulatory Authorities</label>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SecurityOwnedAndPledgedAsCollateralFairValue" xlink:label="loc_us-gaap_SecurityOwnedAndPledgedAsCollateralFairValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_SecurityOwnedAndPledgedAsCollateralFairValue" xml:lang="en-US">Security Owned and Pledged as Collateral, Fair Value</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_SecurityOwnedAndPledgedAsCollateralFairValue" xml:lang="en-US">Fair value of securities pledged as collateral</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SecurityOwnedAndPledgedAsCollateralFairValue" xlink:to="lab_us-gaap_SecurityOwnedAndPledgedAsCollateralFairValue" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod" xlink:label="loc_mbi_InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod" xml:lang="en-US">Investment Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions For Continuous Twelve Month Period</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod" xml:lang="en-US">Number of securities in unrealized loss position for a continuous 12 month period</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod" xlink:to="lab_mbi_InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod" xml:lang="en-US">Disclosure regarding factors used to determine that the impairment of securities not categorized as trading securities (hence equal to available for sale and held to maturity securities) where cost exceeds fair value. This item contains disclosure of the number of investment positions in the investments determined to be temporarily impaired.</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_PercentageOfSecuritiesBookValueExceededMarketValue" xlink:label="loc_mbi_PercentageOfSecuritiesBookValueExceededMarketValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_PercentageOfSecuritiesBookValueExceededMarketValue" xml:lang="en-US">Percentage Of Securities Book Value Exceeded Market Value</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_PercentageOfSecuritiesBookValueExceededMarketValue" xml:lang="en-US">Rate that a security's fair value is below book value</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_PercentageOfSecuritiesBookValueExceededMarketValue" xlink:to="lab_mbi_PercentageOfSecuritiesBookValueExceededMarketValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_PercentageOfSecuritiesBookValueExceededMarketValue" xml:lang="en-US">Percentage that a security's fair value is below its book value on available-for-sale and held-to-maturity securities. This percentage is used as a severity threshold for disclosing information about securities in an unrealized loss position for a continuous 12 month period or longer.</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_WeightedAverageContractualMaturityPeriodOfSecuritiesUnrealizedLossPosition" xlink:label="loc_mbi_WeightedAverageContractualMaturityPeriodOfSecuritiesUnrealizedLossPosition" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_WeightedAverageContractualMaturityPeriodOfSecuritiesUnrealizedLossPosition" xml:lang="en-US">Weighted Average Contractual Maturity Period Of Securities Unrealized Loss Position</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_WeightedAverageContractualMaturityPeriodOfSecuritiesUnrealizedLossPosition" xml:lang="en-US">Weighted average contractual maturity period in years for securities in an unrealized loss position</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_WeightedAverageContractualMaturityPeriodOfSecuritiesUnrealizedLossPosition" xlink:to="lab_mbi_WeightedAverageContractualMaturityPeriodOfSecuritiesUnrealizedLossPosition" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_WeightedAverageContractualMaturityPeriodOfSecuritiesUnrealizedLossPosition" xml:lang="en-US">This element represents the weighted average contractual maturity period in years for securities in an unrealized loss position.</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_FairValueBelowBookValueGreaterThanFivePercentMember" xlink:label="loc_mbi_FairValueBelowBookValueGreaterThanFivePercentMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_FairValueBelowBookValueGreaterThanFivePercentMember" xml:lang="en-US">Fair Value Below Book Value Greater Than Five Percent [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_FairValueBelowBookValueGreaterThanFivePercentMember" xml:lang="en-US">Greater Than 5% [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_FairValueBelowBookValueGreaterThanFivePercentMember" xlink:to="lab_mbi_FairValueBelowBookValueGreaterThanFivePercentMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_FairValueBelowBookValueGreaterThanFivePercentMember" xml:lang="en-US">Investments With Unrealized Loss Severity Greater Than Five Percent.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CollateralAxis" xlink:label="loc_us-gaap_CollateralAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_CollateralAxis" xml:lang="en-US">Collateral [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CollateralAxis" xlink:to="lab_us-gaap_CollateralAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CollateralDomain" xlink:label="loc_us-gaap_CollateralDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_CollateralDomain" xml:lang="en-US">Collateral [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CollateralDomain" xlink:to="lab_us-gaap_CollateralDomain" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CollateralPledgedMember" xlink:label="loc_us-gaap_CollateralPledgedMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_CollateralPledgedMember" xml:lang="en-US">Collateral Pledged [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CollateralPledgedMember" xlink:to="lab_us-gaap_CollateralPledgedMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_SecuritiesInUnrealizedLossPositionMember" xlink:label="loc_mbi_SecuritiesInUnrealizedLossPositionMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_SecuritiesInUnrealizedLossPositionMember" xml:lang="en-US">Securities In Unrealized Loss Position [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_SecuritiesInUnrealizedLossPositionMember" xlink:to="lab_mbi_SecuritiesInUnrealizedLossPositionMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable" xlink:label="loc_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable" xml:lang="en-US">Available For Sale Securities And Held To Maturity Securities [Table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable" xlink:to="lab_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CorporateDebtSecuritiesMember" xlink:label="loc_us-gaap_CorporateDebtSecuritiesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_CorporateDebtSecuritiesMember" xml:lang="en-US">Corporate Debt Securities [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_CorporateDebtSecuritiesMember" xml:lang="en-US">Corporate Obligations [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_CorporateDebtSecuritiesMember" xml:lang="en-US">Corporate Obligations [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CorporateDebtSecuritiesMember" xlink:to="lab_us-gaap_CorporateDebtSecuritiesMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesLineItems" xlink:label="loc_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesLineItems" xml:lang="en-US">Available For Sale Securities And Held To Maturity Securities [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesLineItems" xlink:to="lab_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesLineItems" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAbstract" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesAbstract" xml:lang="en-US">Debt Securities, Available-for-sale [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesAbstract" xml:lang="en-US">Available For Sale Securities [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesAbstract" xml:lang="en-US">Available For Sale Securities [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesAbstract" xlink:to="lab_us-gaap_AvailableForSaleSecuritiesAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" xml:lang="en-US">Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" xml:lang="en-US">Gross unrealized gains</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" xlink:to="lab_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" xml:lang="en-US">Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" xml:lang="en-US">Gross unrealized losses</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" xlink:to="lab_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleSecurities" xlink:label="loc_us-gaap_AvailableForSaleSecurities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AvailableForSaleSecurities" xml:lang="en-US">Available-for-sale Securities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_AvailableForSaleSecurities" xml:lang="en-US">Total available-for-sale, fair value</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_AvailableForSaleSecurities" xml:lang="en-US">Available For Sale Securities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleSecurities" xlink:to="lab_us-gaap_AvailableForSaleSecurities" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities" xlink:label="loc_mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities" xml:lang="en-US">Available For Sale Cumulative Other Than Temporary Impairment Of Securities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities" xml:lang="en-US">Other-than-temporary impairments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities" xlink:to="lab_mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities" xml:lang="en-US">Unrealized gains or losses on other-than-temporarily impaired securities recognized in AOCI, which includes the non-credit component of impairments, as well as all subsequent changes in fair value of such impaired securities reported in AOCI.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss" xml:lang="en-US">Debt Securities, Available-for-sale, Allowance for Credit Loss</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss" xml:lang="en-US">Allowance for Credit Losess</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss" xlink:to="lab_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_HeldToMaturitySecuritiesAbstract" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesAbstract" xml:lang="en-US">Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesAbstract" xml:lang="en-US">Held To Maturity Securities [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_HeldToMaturitySecuritiesAbstract" xlink:to="lab_us-gaap_HeldToMaturitySecuritiesAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss" xml:lang="en-US">Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss" xml:lang="en-US">Gross unrealized losses</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss" xlink:to="lab_us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_HeldToMaturityCumulativeOtherThanTemporaryImpairmentOfSecurities" xlink:label="loc_mbi_HeldToMaturityCumulativeOtherThanTemporaryImpairmentOfSecurities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_HeldToMaturityCumulativeOtherThanTemporaryImpairmentOfSecurities" xml:lang="en-US">Held To Maturity Cumulative Other Than Temporary Impairment Of Securities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_mbi_HeldToMaturityCumulativeOtherThanTemporaryImpairmentOfSecurities" xml:lang="en-US">Other-Than-Temporary Impairments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_HeldToMaturityCumulativeOtherThanTemporaryImpairmentOfSecurities" xlink:to="lab_mbi_HeldToMaturityCumulativeOtherThanTemporaryImpairmentOfSecurities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_HeldToMaturityCumulativeOtherThanTemporaryImpairmentOfSecurities" xml:lang="en-US">Unrealized gains or losses on other-than-temporarily impaired securities recognized in AOCI, which includes the non-credit component of impairments, as well as all subsequent changes in fair value of such impaired securities reported in AOCI.</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_HeldToMaturitySecuritiesGrossOfAllowanceForCreditLosses" xlink:label="loc_mbi_HeldToMaturitySecuritiesGrossOfAllowanceForCreditLosses" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_HeldToMaturitySecuritiesGrossOfAllowanceForCreditLosses" xml:lang="en-US">Held To Maturity Securities Gross Of Allowance For Credit Losses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_mbi_HeldToMaturitySecuritiesGrossOfAllowanceForCreditLosses" xml:lang="en-US">Total held-to-maturity, amortized cost</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_HeldToMaturitySecuritiesGrossOfAllowanceForCreditLosses" xlink:to="lab_mbi_HeldToMaturitySecuritiesGrossOfAllowanceForCreditLosses" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_HeldToMaturitySecuritiesGrossOfAllowanceForCreditLosses" xml:lang="en-US">Held to maturity securities gross of allowance for credit losses.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain" xml:lang="en-US">Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain" xml:lang="en-US">Gross unrealized gains</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain" xlink:to="lab_us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember" xml:lang="en-US">Variable Interest Entity, Primary Beneficiary, Aggregated Disclosure [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember" xml:lang="en-US">Variable Interest Entity Primary Beneficiary [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember" xlink:to="lab_us-gaap_VariableInterestEntityPrimaryBeneficiaryAggregatedDisclosureMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenFairValue" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenFairValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenFairValue" xml:lang="en-US">Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after 10 Years, Fair Value</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenFairValue" xml:lang="en-US">Due after ten years</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenFairValue" xlink:to="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenFairValue" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue" xml:lang="en-US">Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Fair Value</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue" xml:lang="en-US">Mortgage-Backed and Asset-Backed</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue" xlink:to="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis" xml:lang="en-US">Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling within One Year, Amortized Cost</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis" xml:lang="en-US">Due in one year or less</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis" xlink:to="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCostBasis" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCostBasis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCostBasis" xml:lang="en-US">Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after One Through Five Years, Amortized Cost</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCostBasis" xml:lang="en-US">Due after one year through five years</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCostBasis" xlink:to="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCostBasis" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenAmortizedCostBasis" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenAmortizedCostBasis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenAmortizedCostBasis" xml:lang="en-US">Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after Five Through Ten Years, Amortized Cost</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenAmortizedCostBasis" xml:lang="en-US">Due after five years through ten years</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenAmortizedCostBasis" xlink:to="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenAmortizedCostBasis" />
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenAmortizedCostBasis" xml:lang="en-US">Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after 10 Years, Amortized Cost</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenAmortizedCostBasis" xml:lang="en-US">Due after ten years</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenAmortizedCostBasis" xlink:to="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenAmortizedCostBasis" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost" xml:lang="en-US">Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Amortized Cost</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost" xml:lang="en-US">Mortgage-Backed and Asset-Backed</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost" xlink:to="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis" xlink:label="loc_us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis" xml:lang="en-US">Debt Securities, Available-for-sale, Amortized Cost</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis" xml:lang="en-US">Total Available-For-Sale, amortized cost</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis" xlink:to="lab_us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue" xml:lang="en-US">Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling within One Year, Fair Value</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue" xml:lang="en-US">Due in one year or less</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue" xlink:to="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue" xml:lang="en-US">Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after One Through Five Years, Fair Value</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue" xml:lang="en-US">Due after one year through five years</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue" xlink:to="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue" xml:lang="en-US">Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after Five Through Ten Years, Fair Value</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue" xml:lang="en-US">Due after five years through ten years</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue" xlink:to="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtSecurities" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtSecurities" xml:lang="en-US">Debt Securities, Available-for-sale</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtSecurities" xml:lang="en-US">Total Available-For-Sale, fair value</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities" xlink:to="lab_us-gaap_AvailableForSaleSecuritiesDebtSecurities" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount" xml:lang="en-US">Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, within One Year, Amortized Cost</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount" xml:lang="en-US">Due in one year or less</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount" xlink:to="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount" xml:lang="en-US">Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, after One Through Five Years, Amortized Cost</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount" xml:lang="en-US">Due after one year through five years</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount" xlink:to="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount" xml:lang="en-US">Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, after Five Through Ten Years, Amortized Cost</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount" xml:lang="en-US">Due after five years through ten years</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount" xlink:to="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount" xml:lang="en-US">Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, after 10 Years, Amortized Cost</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount" xml:lang="en-US">Due after ten years</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount" xlink:to="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateNetCarryingAmount" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateNetCarryingAmount" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateNetCarryingAmount" xml:lang="en-US">Debt Securities, Held-to-maturity, Maturity, without Single Maturity Date, Amortized Cost</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateNetCarryingAmount" xml:lang="en-US">Mortgage-Backed and Asset-Backed</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateNetCarryingAmount" xlink:to="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateNetCarryingAmount" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingAfterTenYearsFairValue" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingAfterTenYearsFairValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingAfterTenYearsFairValue" xml:lang="en-US">Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, Rolling after 10 Years, Fair Value</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingAfterTenYearsFairValue" xml:lang="en-US">Due after ten years</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingAfterTenYearsFairValue" xlink:to="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingAfterTenYearsFairValue" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue" xml:lang="en-US">Debt Securities, Held-to-maturity, Maturity, without Single Maturity Date, Fair Value</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue" xml:lang="en-US">Mortgage-Backed and Asset-Backed</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue" xlink:to="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue" xml:lang="en-US">Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, Rolling within One Year, Fair Value</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue" xml:lang="en-US">Due in one year or less</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue" xlink:to="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue" xml:lang="en-US">Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, Rolling after One Through Five Years, Fair Value</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue" xml:lang="en-US">Due after one year through five years</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue" xlink:to="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue" xml:lang="en-US">Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, Rolling after Five Through Ten Years, Fair Value</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue" xml:lang="en-US">Due after five years through ten years</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue" xlink:to="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue" xml:lang="en-US">Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue" xml:lang="en-US">12 months or longer, fair value</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue" xlink:to="lab_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue" xml:lang="en-US">Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue" xml:lang="en-US">Less than 12 months, fair value</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue" xlink:to="lab_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss" xml:lang="en-US">Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss" xml:lang="en-US">Less than 12 months, unrealized losses</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss" xml:lang="en-US">Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss" xml:lang="en-US">12 months or longer, unrealized losses</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss" xlink:to="lab_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue" xml:lang="en-US">Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue" xml:lang="en-US">Total available-for-sale, fair value</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue" xml:lang="en-US">Total Available-For-Sale, Fair Value</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue" xlink:to="lab_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss" xml:lang="en-US">Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss" xml:lang="en-US">Total available-for-sale, unrealized losses</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss" xlink:to="lab_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1" xlink:label="loc_us-gaap_AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1" xml:lang="en-US">Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1" xml:lang="en-US">Number of available-for-sale securities in unrealized loss position</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1" xlink:to="lab_us-gaap_AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_PercentageOfFairValueBelowBookValueMinimum" xlink:label="loc_mbi_PercentageOfFairValueBelowBookValueMinimum" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_PercentageOfFairValueBelowBookValueMinimum" xml:lang="en-US">Percentage Of Fair Value Below Book Value Minimum</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_PercentageOfFairValueBelowBookValueMinimum" xlink:to="lab_mbi_PercentageOfFairValueBelowBookValueMinimum" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_PercentageOfFairValueBelowBookValueMinimum" xml:lang="en-US">Percentage Of Fair Value Below Book Value Minimum</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_PercentageOfFairValueBelowBookValueMaximum" xlink:label="loc_mbi_PercentageOfFairValueBelowBookValueMaximum" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_PercentageOfFairValueBelowBookValueMaximum" xml:lang="en-US">Percentage Of Fair Value Below Book Value Maximum</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_PercentageOfFairValueBelowBookValueMaximum" xlink:to="lab_mbi_PercentageOfFairValueBelowBookValueMaximum" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_PercentageOfFairValueBelowBookValueMaximum" xml:lang="en-US">Percentage Of Fair Value Below Book Value Maximum</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_GreaterThanFiftyPercentMember" xlink:label="loc_mbi_GreaterThanFiftyPercentMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_GreaterThanFiftyPercentMember" xml:lang="en-US">Greater Than Fifty Percent [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_GreaterThanFiftyPercentMember" xml:lang="en-US">&gt; 50% [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_GreaterThanFiftyPercentMember" xlink:to="lab_mbi_GreaterThanFiftyPercentMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_GreaterThanFivePercentToFifteenPercentMember" xlink:label="loc_mbi_GreaterThanFivePercentToFifteenPercentMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_GreaterThanFivePercentToFifteenPercentMember" xml:lang="en-US">Greater Than Five Percent To Fifteen Percent [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_GreaterThanFivePercentToFifteenPercentMember" xml:lang="en-US">&gt; 5% To 15% [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_GreaterThanFivePercentToFifteenPercentMember" xlink:to="lab_mbi_GreaterThanFivePercentToFifteenPercentMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_GreaterThanFivePercentToFifteenPercentMember" xml:lang="en-US">Distribution of securities where fair value is below market value by greater than 5% to 15%.</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_GreaterThanFifteenPercentToTwentyFivePercentMember" xlink:label="loc_mbi_GreaterThanFifteenPercentToTwentyFivePercentMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_GreaterThanFifteenPercentToTwentyFivePercentMember" xml:lang="en-US">Greater Than Fifteen Percent To Twenty Five Percent [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_GreaterThanFifteenPercentToTwentyFivePercentMember" xml:lang="en-US">&gt; 15% To 25% [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_GreaterThanFifteenPercentToTwentyFivePercentMember" xlink:to="lab_mbi_GreaterThanFifteenPercentToTwentyFivePercentMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_GreaterThanTwentyFivePercentToFiftyPercentMember" xlink:label="loc_mbi_GreaterThanTwentyFivePercentToFiftyPercentMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_GreaterThanTwentyFivePercentToFiftyPercentMember" xml:lang="en-US">Greater Than Twenty Five Percent To Fifty Percent [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_GreaterThanTwentyFivePercentToFiftyPercentMember" xml:lang="en-US">&gt; 25% To 50% [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_GreaterThanTwentyFivePercentToFiftyPercentMember" xlink:to="lab_mbi_GreaterThanTwentyFivePercentToFiftyPercentMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember" xlink:label="loc_mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember" xml:lang="en-US">Unrealized Loss Position Greater Than Twelve Months [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember" xml:lang="en-US">Unrealized loss position &gt; 12 months</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember" xlink:to="lab_mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_MbiaCorpAndNationalMember" xlink:label="loc_mbi_MbiaCorpAndNationalMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_MbiaCorpAndNationalMember" xml:lang="en-US">Mbia Corp And National [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_MbiaCorpAndNationalMember" xlink:to="lab_mbi_MbiaCorpAndNationalMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancialGuaranteeMember" xlink:label="loc_us-gaap_FinancialGuaranteeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FinancialGuaranteeMember" xml:lang="en-US">Financial Guarantee [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancialGuaranteeMember" xlink:to="lab_us-gaap_FinancialGuaranteeMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments" xlink:label="loc_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments" xml:lang="en-US">Available For Sale Securities Gross Unrealized Loss Accumulated In Investments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments" xml:lang="en-US">Gross unrealized losses</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments" xlink:to="lab_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments" xml:lang="en-US">Amount of accumulated pre-tax unrealized losses before deducting pre-tax unrealized gains on investments in available-for-sale securities impacting investments.</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor" xlink:label="loc_mbi_LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor" xml:lang="en-US">Liability For Claims And Claims Adjustment Expense Insured By Financial Guarantor</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor" xml:lang="en-US">Loss and loss adjustment expense reserves</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor" xlink:to="lab_mbi_LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor" xml:lang="en-US">The amount needed to reflect the estimated ultimate cost of settling claims relating to insured events by financial guarantor that have occurred on or before the balance sheet date, whether or not reported to the insurer at that date.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossTable" xlink:label="loc_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossTable" xml:lang="en-US">Debt Securities, Held-to-maturity, Allowance for Credit Loss [Table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossTable" xlink:to="lab_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossTable" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtSecuritiesHeldtomaturityAllowanceForCreditLossLineItems" xlink:label="loc_us-gaap_DebtSecuritiesHeldtomaturityAllowanceForCreditLossLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_DebtSecuritiesHeldtomaturityAllowanceForCreditLossLineItems" xml:lang="en-US">Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtSecuritiesHeldtomaturityAllowanceForCreditLossLineItems" xlink:to="lab_us-gaap_DebtSecuritiesHeldtomaturityAllowanceForCreditLossLineItems" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossPeriodIncreaseDecrease" xlink:label="loc_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossPeriodIncreaseDecrease" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossPeriodIncreaseDecrease" xml:lang="en-US">Debt Securities, Held-to-maturity, Allowance for Credit Loss, Period Increase (Decrease)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossPeriodIncreaseDecrease" xml:lang="en-US">Current period provision for expected credit losses</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossPeriodIncreaseDecrease" xlink:to="lab_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossPeriodIncreaseDecrease" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease" xlink:label="loc_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease" xml:lang="en-US">Debt Securities, Held-to-maturity, Allowance for Credit Loss, Purchased with Credit Deterioration, Increase</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease" xml:lang="en-US">Initial allowance recognized for PCD assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease" xlink:to="lab_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossWriteoff" xlink:label="loc_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossWriteoff" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossWriteoff" xml:lang="en-US">Debt Securities, Held-to-maturity, Allowance for Credit Loss, Writeoff</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossWriteoff" xml:lang="en-US">Write- Offs</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossWriteoff" xlink:to="lab_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossWriteoff" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossRecovery" xlink:label="loc_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossRecovery" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossRecovery" xml:lang="en-US">Debt Securities, Held-to-maturity, Allowance for Credit Loss, Recovery</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossRecovery" xml:lang="en-US">Recoveries</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossRecovery" xlink:to="lab_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossRecovery" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecuritiesAbstract" xlink:label="loc_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecuritiesAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecuritiesAbstract" xml:lang="en-US">Other-than-temporary Impairment Loss, Debt Securities, Available-for-sale [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecuritiesAbstract" xml:lang="en-US">Other than temporary impairment credit lossesfor available for sale securities rollforward [Abstract]</label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld" xml:lang="en-US">Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held</label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment" xml:lang="en-US">Other than Temporary Impairment, Credit Losses Recognized in Earnings, Additions, No Previous Impairment</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment" xml:lang="en-US">Additions for credit loss impairments recognized in the current period on securities not previously impaired</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossAbstract" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossAbstract" xml:lang="en-US">Debt Securities, Available-for-sale, Realized Gain (Loss) [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossAbstract" xml:lang="en-US">Available For Sale Securities Realized Gain Loss [Abstract]</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleSecuritiesGrossRealizedGains" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesGrossRealizedGains" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesGrossRealizedGains" xml:lang="en-US">Available-for-sale Securities, Gross Realized Gains</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesGrossRealizedGains" xml:lang="en-US">Gross realized gains</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses" xml:lang="en-US">Available-for-sale Securities, Gross Realized Losses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses" xml:lang="en-US">Gross realized losses</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt" xlink:label="loc_us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt" xml:lang="en-US">Proceeds from Sale of Debt Securities, Available-for-sale</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt" xml:lang="en-US">Proceeds from sales</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfGainLossOnInvestmentsTable" xlink:label="loc_us-gaap_ScheduleOfGainLossOnInvestmentsTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ScheduleOfGainLossOnInvestmentsTable" xml:lang="en-US">Schedule of Gain (Loss) on Securities [Table]</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EquitySecuritiesMember" xlink:label="loc_us-gaap_EquitySecuritiesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_EquitySecuritiesMember" xml:lang="en-US">Equity Securities [Member]</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeStatementLocationAxis" xlink:label="loc_us-gaap_IncomeStatementLocationAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_IncomeStatementLocationAxis" xml:lang="en-US">Income Statement Location [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeStatementLocationAxis" xlink:to="lab_us-gaap_IncomeStatementLocationAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeStatementLocationDomain" xlink:label="loc_us-gaap_IncomeStatementLocationDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_IncomeStatementLocationDomain" xml:lang="en-US">Income Statement Location [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeStatementLocationDomain" xlink:to="lab_us-gaap_IncomeStatementLocationDomain" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_GainLossOnInvestmentsMember1" xlink:label="loc_us-gaap_GainLossOnInvestmentsMember1" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_GainLossOnInvestmentsMember1" xml:lang="en-US">Gain (Loss) on Investments [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_GainLossOnInvestmentsMember1" xml:lang="en-US">Gains (losses) on equity investments [Member]</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SalesMember" xlink:label="loc_us-gaap_SalesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_SalesMember" xml:lang="en-US">Sales [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_SalesMember" xml:lang="en-US">Gains (losses) on equity investments sold during the period [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SalesMember" xlink:to="lab_us-gaap_SalesMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_HeldMember" xlink:label="loc_mbi_HeldMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_HeldMember" xml:lang="en-US">Held [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_HeldMember" xml:lang="en-US">Gains (losses) on equity investments still held at the end of the period [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_HeldMember" xlink:to="lab_mbi_HeldMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfGainLossOnInvestmentsIncludingMarketableSecuritiesAndInvestmentsHeldAtCostIncomeStatementReportedAmountsSummaryLineItems" xlink:label="loc_us-gaap_ScheduleOfGainLossOnInvestmentsIncludingMarketableSecuritiesAndInvestmentsHeldAtCostIncomeStatementReportedAmountsSummaryLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ScheduleOfGainLossOnInvestmentsIncludingMarketableSecuritiesAndInvestmentsHeldAtCostIncomeStatementReportedAmountsSummaryLineItems" xml:lang="en-US">Gain (Loss) on Securities [Line Items]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_ScheduleOfGainLossOnInvestmentsIncludingMarketableSecuritiesAndInvestmentsHeldAtCostIncomeStatementReportedAmountsSummaryLineItems" xml:lang="en-US">Gain (Loss) on Investments [Line Items]</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RealizedInvestmentGainsLosses" xlink:label="loc_us-gaap_RealizedInvestmentGainsLosses" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_RealizedInvestmentGainsLosses" xml:lang="en-US">Realized Investment Gains (Losses)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_RealizedInvestmentGainsLosses" xml:lang="en-US">Realized investment gains (losses)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RealizedInvestmentGainsLosses" xlink:to="lab_us-gaap_RealizedInvestmentGainsLosses" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeInstrumentDetailAbstract" xlink:label="loc_us-gaap_DerivativeInstrumentDetailAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_DerivativeInstrumentDetailAbstract" xml:lang="en-US">Derivative Instrument Detail [Abstract]</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="loc_us-gaap_DerivativeLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_DerivativeLineItems" xml:lang="en-US">Derivative [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeLineItems" xlink:to="lab_us-gaap_DerivativeLineItems" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_NumberOfCreditSupportAnnexes" xlink:label="loc_mbi_NumberOfCreditSupportAnnexes" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_NumberOfCreditSupportAnnexes" xml:lang="en-US">Number Of Credit Support Annexes</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_NumberOfCreditSupportAnnexes" xml:lang="en-US">Number of credit support annexes</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_NumberOfCreditSupportAnnexes" xlink:to="lab_mbi_NumberOfCreditSupportAnnexes" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_NumberOfCreditSupportAnnexes" xml:lang="en-US">Number of credit support annexes which define the terms or rules under which collateral is posted or transferred between swap counterparties to mitigate the credit risk arising from "in the money" derivative positions.</label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_FairValueOfCreditSupportAnnexes" xml:lang="en-US">Fair Value Of Credit Support Annexes</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_FairValueOfCreditSupportAnnexes" xml:lang="en-US">Fair value of Credit Support Annex</label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_FairValueOfCreditSupportAnnexes" xml:lang="en-US">Fair value of credit support annexes which define the terms or rules under which collateral is posted or transferred between swap counterparties to mitigate the credit risk arising from "in the money" derivative positions.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeCollateralRightToReclaimCash" xlink:label="loc_us-gaap_DerivativeCollateralRightToReclaimCash" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_DerivativeCollateralRightToReclaimCash" xml:lang="en-US">Derivative, Collateral, Right to Reclaim Cash</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_DerivativeCollateralRightToReclaimCash" xml:lang="en-US">Cash collateral posted to derivative counterparties</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeCollateralRightToReclaimCash" xlink:to="lab_us-gaap_DerivativeCollateralRightToReclaimCash" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeCollateralRightToReclaimSecurities" xlink:label="loc_us-gaap_DerivativeCollateralRightToReclaimSecurities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_DerivativeCollateralRightToReclaimSecurities" xml:lang="en-US">Derivative, Collateral, Right to Reclaim Securities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_DerivativeCollateralRightToReclaimSecurities" xml:lang="en-US">Securities posted as collateral to derivative counterparties</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeCollateralRightToReclaimSecurities" xlink:to="lab_us-gaap_DerivativeCollateralRightToReclaimSecurities" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeTable" xlink:label="loc_us-gaap_DerivativeTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_DerivativeTable" xml:lang="en-US">Derivative [Table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeTable" xlink:to="lab_us-gaap_DerivativeTable" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_InsuranceOperationsMember" xlink:label="loc_mbi_InsuranceOperationsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_InsuranceOperationsMember" xml:lang="en-US">Insurance Operations [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_InsuranceOperationsMember" xml:lang="en-US">Insurance Operations [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_InsuranceOperationsMember" xlink:to="lab_mbi_InsuranceOperationsMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ExternalCreditRatingByGroupingAxis" xlink:label="loc_us-gaap_ExternalCreditRatingByGroupingAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ExternalCreditRatingByGroupingAxis" xml:lang="en-US">External Credit Rating by Grouping [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ExternalCreditRatingByGroupingAxis" xlink:to="lab_us-gaap_ExternalCreditRatingByGroupingAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ExternalCreditRatingByGroupingDomain" xlink:label="loc_us-gaap_ExternalCreditRatingByGroupingDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ExternalCreditRatingByGroupingDomain" xml:lang="en-US">External Credit Rating by Grouping [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ExternalCreditRatingByGroupingDomain" xlink:to="lab_us-gaap_ExternalCreditRatingByGroupingDomain" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_CreditRatingBbbMember" xlink:label="loc_mbi_CreditRatingBbbMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_CreditRatingBbbMember" xml:lang="en-US">Credit Rating Bbb [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_CreditRatingBbbMember" xlink:to="lab_mbi_CreditRatingBbbMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_CreditRatingBbbMember" xml:lang="en-US">Credit Rating BBB [Member]</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_CreditRatingBelowInvestmentGradeMember" xlink:label="loc_mbi_CreditRatingBelowInvestmentGradeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_CreditRatingBelowInvestmentGradeMember" xml:lang="en-US">Credit Rating Below Investment Grade [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_CreditRatingBelowInvestmentGradeMember" xlink:to="lab_mbi_CreditRatingBelowInvestmentGradeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_CreditRatingBelowInvestmentGradeMember" xml:lang="en-US">Credit Rating Below Investment Grade [Member]</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_CreditRatingAaaMember" xlink:label="loc_mbi_CreditRatingAaaMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_CreditRatingAaaMember" xml:lang="en-US">Credit Rating Aaa [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_CreditRatingAaaMember" xlink:to="lab_mbi_CreditRatingAaaMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_CreditRatingAaaMember" xml:lang="en-US">Credit Rating AAA [Member]</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_CreditRatingAaMember" xlink:label="loc_mbi_CreditRatingAaMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_CreditRatingAaMember" xml:lang="en-US">Credit Rating Aa [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_mbi_CreditRatingAaMember" xml:lang="en-US">Credit Rating Aa [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_CreditRatingAaMember" xlink:to="lab_mbi_CreditRatingAaMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_CreditRatingAaMember" xml:lang="en-US">Credit Rating AA [Member]</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_CreditRatingAMember" xlink:label="loc_mbi_CreditRatingAMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_CreditRatingAMember" xml:lang="en-US">Credit Rating A [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_CreditRatingAMember" xlink:to="lab_mbi_CreditRatingAMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_CreditRatingAMember" xml:lang="en-US">Credit Rating A [Member]</label>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CreditDerivativesByContractTypeAxis" xlink:label="loc_us-gaap_CreditDerivativesByContractTypeAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_CreditDerivativesByContractTypeAxis" xml:lang="en-US">Credit Derivatives Contract Type [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CreditDerivativesByContractTypeAxis" xlink:to="lab_us-gaap_CreditDerivativesByContractTypeAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CreditDerivativesContractTypeDomain" xlink:label="loc_us-gaap_CreditDerivativesContractTypeDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_CreditDerivativesContractTypeDomain" xml:lang="en-US">Credit Derivatives Contract Type [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CreditDerivativesContractTypeDomain" xlink:to="lab_us-gaap_CreditDerivativesContractTypeDomain" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CreditDefaultSwapMember" xlink:label="loc_us-gaap_CreditDefaultSwapMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_CreditDefaultSwapMember" xml:lang="en-US">Credit Default Swap [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_CreditDefaultSwapMember" xml:lang="en-US">Credit Default Swap [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_CreditDefaultSwapMember" xml:lang="en-US">Insured credit default swaps [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CreditDefaultSwapMember" xlink:to="lab_us-gaap_CreditDefaultSwapMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_InsuredSwapsMember" xlink:label="loc_mbi_InsuredSwapsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_InsuredSwapsMember" xml:lang="en-US">Insured Swaps [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_InsuredSwapsMember" xml:lang="en-US">Insured swaps [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_InsuredSwapsMember" xlink:to="lab_mbi_InsuredSwapsMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeNotionalAmount" xlink:label="loc_us-gaap_DerivativeNotionalAmount" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_DerivativeNotionalAmount" xml:lang="en-US">Derivative, Notional Amount</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_DerivativeNotionalAmount" xml:lang="en-US">Derivative notional amount</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeNotionalAmount" xlink:to="lab_us-gaap_DerivativeNotionalAmount" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_WeightedAverageRemainingMaturityCreditDerivativesInYears" xlink:label="loc_mbi_WeightedAverageRemainingMaturityCreditDerivativesInYears" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_WeightedAverageRemainingMaturityCreditDerivativesInYears" xml:lang="en-US">Weighted Average Remaining Maturity Credit Derivatives In Years</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_WeightedAverageRemainingMaturityCreditDerivativesInYears" xml:lang="en-US">Weighted average remaining expected maturity</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_WeightedAverageRemainingMaturityCreditDerivativesInYears" xlink:to="lab_mbi_WeightedAverageRemainingMaturityCreditDerivativesInYears" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_WeightedAverageRemainingMaturityCreditDerivativesInYears" xml:lang="en-US">Weighted Average Remaining Maturity Credit Derivatives In Years</label>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue" xlink:label="loc_us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue" xml:lang="en-US">Credit Risk Derivative Liabilities, at Fair Value</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue" xml:lang="en-US">Total fair value of credit derivatives</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue" xlink:to="lab_us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_DerivativeInstrumentRiskAxis" xml:lang="en-US">Derivative Instrument [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis" xlink:to="lab_us-gaap_DerivativeInstrumentRiskAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="loc_us-gaap_DerivativeContractTypeDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_DerivativeContractTypeDomain" xml:lang="en-US">Derivative Contract [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeContractTypeDomain" xlink:to="lab_us-gaap_DerivativeContractTypeDomain" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestRateSwapMember" xlink:label="loc_us-gaap_InterestRateSwapMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_InterestRateSwapMember" xml:lang="en-US">Interest Rate Swap [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_InterestRateSwapMember" xml:lang="en-US">Interest rate swaps [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestRateSwapMember" xlink:to="lab_us-gaap_InterestRateSwapMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_InterestRateSwapsEmbeddedMember" xlink:label="loc_mbi_InterestRateSwapsEmbeddedMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_InterestRateSwapsEmbeddedMember" xml:lang="en-US">Interest Rate Swaps Embedded [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_InterestRateSwapsEmbeddedMember" xml:lang="en-US">Interest rate swaps-embedded [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_InterestRateSwapsEmbeddedMember" xlink:to="lab_mbi_InterestRateSwapsEmbeddedMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_CurrencySwapsVieMember" xlink:label="loc_mbi_CurrencySwapsVieMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_CurrencySwapsVieMember" xml:lang="en-US">Currency Swaps Vie [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_CurrencySwapsVieMember" xml:lang="en-US">Currency swaps-VIE [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_CurrencySwapsVieMember" xlink:to="lab_mbi_CurrencySwapsVieMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_AllOtherMember" xlink:label="loc_mbi_AllOtherMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_AllOtherMember" xml:lang="en-US">All Other [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_AllOtherMember" xml:lang="en-US">All other [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_AllOtherMember" xlink:to="lab_mbi_AllOtherMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_HedgingDesignationAxis" xlink:label="loc_us-gaap_HedgingDesignationAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_HedgingDesignationAxis" xml:lang="en-US">Hedging Designation [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_HedgingDesignationAxis" xlink:to="lab_us-gaap_HedgingDesignationAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_HedgingDesignationDomain" xlink:label="loc_us-gaap_HedgingDesignationDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_HedgingDesignationDomain" xml:lang="en-US">Hedging Designation [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_HedgingDesignationDomain" xlink:to="lab_us-gaap_HedgingDesignationDomain" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NondesignatedMember" xlink:label="loc_us-gaap_NondesignatedMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_NondesignatedMember" xml:lang="en-US">Not Designated as Hedging Instrument [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NondesignatedMember" xlink:to="lab_us-gaap_NondesignatedMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue" xlink:label="loc_mbi_DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue" xml:lang="en-US">Derivative Assets Not Designated As Hedging Instrument Fair Value</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_mbi_DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue" xml:lang="en-US">Derivative Assets, Not designated, Fair Value</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue" xlink:to="lab_mbi_DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue" xml:lang="en-US">Fair value of derivative Asset Not Designated As Hedging Instrument, presented on a gross basis even when the derivative instrument is subject to master netting arrangements and qualifies for net presentation in the statement of financial position.</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue" xlink:label="loc_mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue" xml:lang="en-US">Derivative Liabilities Not Designated As Hedging Instrument Fair Value</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue" xml:lang="en-US">Derivative Liabilities, Not designated, Fair Value</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue" xlink:to="lab_mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue" xml:lang="en-US">Fair value of derivative liability Not Designated As Hedging Instrument, presented on a gross basis even when the derivative instrument is subject to master netting arrangements and qualifies for net presentation in the statement of financial position.</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_OtherAssetsVieMember" xlink:label="loc_mbi_OtherAssetsVieMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_OtherAssetsVieMember" xml:lang="en-US">Other Assets VIE [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_mbi_OtherAssetsVieMember" xml:lang="en-US">Other assets-VIE [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_OtherAssetsVieMember" xlink:to="lab_mbi_OtherAssetsVieMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_DerivativeLiabilitiesVIEMember" xlink:label="loc_mbi_DerivativeLiabilitiesVIEMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_DerivativeLiabilitiesVIEMember" xml:lang="en-US">Derivative Liabilities V I E [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_DerivativeLiabilitiesVIEMember" xml:lang="en-US">Derivative liabilities-VIE [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_DerivativeLiabilitiesVIEMember" xlink:to="lab_mbi_DerivativeLiabilitiesVIEMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_DerivativeLiabilitiesVIEMember" xml:lang="en-US">Derivative Liabilities V I E</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_DerivativeInstrumentDetailsAxis" xlink:label="loc_mbi_DerivativeInstrumentDetailsAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_DerivativeInstrumentDetailsAxis" xml:lang="en-US">Derivative Instrument Details [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_DerivativeInstrumentDetailsAxis" xlink:to="lab_mbi_DerivativeInstrumentDetailsAxis" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_DerivativeInstrumentDetailsDomain" xlink:label="loc_mbi_DerivativeInstrumentDetailsDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_DerivativeInstrumentDetailsDomain" xml:lang="en-US">Derivative Instrument Details [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_DerivativeInstrumentDetailsDomain" xlink:to="lab_mbi_DerivativeInstrumentDetailsDomain" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_DerivativeInstrumentMember" xlink:label="loc_mbi_DerivativeInstrumentMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_DerivativeInstrumentMember" xml:lang="en-US">Derivative Instrument [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_DerivativeInstrumentMember" xlink:to="lab_mbi_DerivativeInstrumentMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_UnrealizedGainsLossesOnInsuredDerivativesMember" xlink:label="loc_mbi_UnrealizedGainsLossesOnInsuredDerivativesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_UnrealizedGainsLossesOnInsuredDerivativesMember" xml:lang="en-US">Unrealized Gains Losses On Insured Derivatives [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_UnrealizedGainsLossesOnInsuredDerivativesMember" xlink:to="lab_mbi_UnrealizedGainsLossesOnInsuredDerivativesMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_ForeignExchangeAndOtherDerivativesFinancialInstrumentsMember" xlink:label="loc_mbi_ForeignExchangeAndOtherDerivativesFinancialInstrumentsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_ForeignExchangeAndOtherDerivativesFinancialInstrumentsMember" xml:lang="en-US">Foreign Exchange And Other Derivatives Financial Instruments [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="lab_mbi_ForeignExchangeAndOtherDerivativesFinancialInstrumentsMember" xml:lang="en-US">Net gains (losses) on financial instruments at fair value and foreign exchange [Member</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_ForeignExchangeAndOtherDerivativesFinancialInstrumentsMember" xlink:to="lab_mbi_ForeignExchangeAndOtherDerivativesFinancialInstrumentsMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeGainLossOnDerivativeNet" xlink:label="loc_us-gaap_DerivativeGainLossOnDerivativeNet" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_DerivativeGainLossOnDerivativeNet" xml:lang="en-US">Derivative, Gain (Loss) on Derivative, Net</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_DerivativeGainLossOnDerivativeNet" xml:lang="en-US">Net gain/(loss) recognized in income</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeGainLossOnDerivativeNet" xlink:to="lab_us-gaap_DerivativeGainLossOnDerivativeNet" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeTaxDisclosureAbstract" xlink:label="loc_us-gaap_IncomeTaxDisclosureAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_IncomeTaxDisclosureAbstract" xml:lang="en-US">Income Tax Disclosure [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract" xlink:to="lab_us-gaap_IncomeTaxDisclosureAbstract" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_NonVariableInterestEntitiesLineItems" xlink:label="loc_mbi_NonVariableInterestEntitiesLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_NonVariableInterestEntitiesLineItems" xml:lang="en-US">Non Variable Interest Entities [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_NonVariableInterestEntitiesLineItems" xlink:to="lab_mbi_NonVariableInterestEntitiesLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_NonVariableInterestEntitiesLineItems" xml:lang="en-US">Non-Variable Interest Entities [Line Items]</label>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLossCarryforwards" xlink:label="loc_us-gaap_OperatingLossCarryforwards" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_OperatingLossCarryforwards" xml:lang="en-US">Operating Loss Carryforwards</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_OperatingLossCarryforwards" xml:lang="en-US">NOL carryforward</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLossCarryforwards" xlink:to="lab_us-gaap_OperatingLossCarryforwards" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsOther" xlink:label="loc_us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsOther" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsOther" xml:lang="en-US">Deferred Tax Assets, Tax Credit Carryforwards, Other</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsOther" xml:lang="en-US">Alternative minimum tax credit carryforward - Other assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsOther" xlink:to="lab_us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsOther" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsForeign" xlink:label="loc_us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsForeign" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsForeign" xml:lang="en-US">Deferred Tax Assets, Tax Credit Carryforwards, Foreign</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsForeign" xml:lang="en-US">Foreign tax credit</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsForeign" xlink:to="lab_us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsForeign" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_UnrecognizedTaxBenefits" xlink:label="loc_us-gaap_UnrecognizedTaxBenefits" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_UnrecognizedTaxBenefits" xml:lang="en-US">Unrecognized Tax Benefits</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_UnrecognizedTaxBenefits" xml:lang="en-US">Unrecognized Tax Benefits</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_UnrecognizedTaxBenefits" xlink:to="lab_us-gaap_UnrecognizedTaxBenefits" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredTaxAssetsValuationAllowance" xlink:label="loc_us-gaap_DeferredTaxAssetsValuationAllowance" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_DeferredTaxAssetsValuationAllowance" xml:lang="en-US">Deferred Tax Assets, Valuation Allowance</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_DeferredTaxAssetsValuationAllowance" xml:lang="en-US">Valuation allowance on net deferred tax asset</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DeferredTaxAssetsValuationAllowance" xlink:to="lab_us-gaap_DeferredTaxAssetsValuationAllowance" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_DisclosureIncomeTaxesIncomeTaxesAndRelatedEffectiveTaxRatesAbstract" xlink:label="loc_mbi_DisclosureIncomeTaxesIncomeTaxesAndRelatedEffectiveTaxRatesAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_DisclosureIncomeTaxesIncomeTaxesAndRelatedEffectiveTaxRatesAbstract" xml:lang="en-US">Disclosure Income Taxes Income Taxes And Related Effective Tax Rates [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_DisclosureIncomeTaxesIncomeTaxesAndRelatedEffectiveTaxRatesAbstract" xlink:to="lab_mbi_DisclosureIncomeTaxesIncomeTaxesAndRelatedEffectiveTaxRatesAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_DisclosureIncomeTaxesIncomeTaxesAndRelatedEffectiveTaxRatesAbstract" xml:lang="en-US">Disclosure - Income Taxes (Income Taxes And Related Effective Tax Rates) [Abstract]</label>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationTaxContingencies" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationTaxContingencies" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_EffectiveIncomeTaxRateReconciliationTaxContingencies" xml:lang="en-US">Effective Income Tax Rate Reconciliation, Tax Contingency, Percent</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_EffectiveIncomeTaxRateReconciliationTaxContingencies" xml:lang="en-US">Effective tax rate</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateReconciliationTaxContingencies" xlink:to="lab_us-gaap_EffectiveIncomeTaxRateReconciliationTaxContingencies" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_DisclosureBusinessSegmentsSummaryOfCompanysSegmentResultsAbstract" xlink:label="loc_mbi_DisclosureBusinessSegmentsSummaryOfCompanysSegmentResultsAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_DisclosureBusinessSegmentsSummaryOfCompanysSegmentResultsAbstract" xml:lang="en-US">Disclosure Business Segments Summary Of Companys Segment Results [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_DisclosureBusinessSegmentsSummaryOfCompanysSegmentResultsAbstract" xlink:to="lab_mbi_DisclosureBusinessSegmentsSummaryOfCompanysSegmentResultsAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_DisclosureBusinessSegmentsSummaryOfCompanysSegmentResultsAbstract" xml:lang="en-US">Disclosure - Business Segments (Summary Of Company's Segment Results) [Abstract]</label>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NumberOfOperatingSegments" xlink:label="loc_us-gaap_NumberOfOperatingSegments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_NumberOfOperatingSegments" xml:lang="en-US">Number of Operating Segments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_NumberOfOperatingSegments" xml:lang="en-US">Number of operating segments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NumberOfOperatingSegments" xlink:to="lab_us-gaap_NumberOfOperatingSegments" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SegmentReportingInformationLineItems" xlink:label="loc_us-gaap_SegmentReportingInformationLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_SegmentReportingInformationLineItems" xml:lang="en-US">Segment Reporting Information [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems" xlink:to="lab_us-gaap_SegmentReportingInformationLineItems" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_GainLossOnDerivativeInstrumentsNetPretax" xlink:label="loc_us-gaap_GainLossOnDerivativeInstrumentsNetPretax" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_GainLossOnDerivativeInstrumentsNetPretax" xml:lang="en-US">Gain (Loss) on Derivative Instruments, Net, Pretax</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_GainLossOnDerivativeInstrumentsNetPretax" xml:lang="en-US">Net change in fair value of insured derivatives</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GainLossOnDerivativeInstrumentsNetPretax" xlink:to="lab_us-gaap_GainLossOnDerivativeInstrumentsNetPretax" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_RevenuesOfConsolidatedVies" xlink:label="loc_mbi_RevenuesOfConsolidatedVies" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_RevenuesOfConsolidatedVies" xml:lang="en-US">Revenues Of Consolidated Vies</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_RevenuesOfConsolidatedVies" xml:lang="en-US">Revenues of consolidated VIEs</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_RevenuesOfConsolidatedVies" xlink:to="lab_mbi_RevenuesOfConsolidatedVies" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_RevenuesOfConsolidatedVies" xml:lang="en-US">Total revenues of all Variable Interest Entities consolidated by the reporting entity</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity" xlink:label="loc_mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity" xml:lang="en-US">Revenue From Transactions With Other Operating Segments Of Same Entity</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity" xml:lang="en-US">Inter-segment revenues</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity" xlink:to="lab_mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity" xml:lang="en-US">Intersegment revenues in the consolidated group.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SellingGeneralAndAdministrativeExpense" xlink:label="loc_us-gaap_SellingGeneralAndAdministrativeExpense" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_SellingGeneralAndAdministrativeExpense" xml:lang="en-US">Selling, General and Administrative Expense</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_SellingGeneralAndAdministrativeExpense" xml:lang="en-US">Operating</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SellingGeneralAndAdministrativeExpense" xlink:to="lab_us-gaap_SellingGeneralAndAdministrativeExpense" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_ExpensesOfConsolidatedVies" xlink:label="loc_mbi_ExpensesOfConsolidatedVies" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_ExpensesOfConsolidatedVies" xml:lang="en-US">Expenses Of Consolidated Vies</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_ExpensesOfConsolidatedVies" xml:lang="en-US">Expenses of consolidated VIEs</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_ExpensesOfConsolidatedVies" xlink:to="lab_mbi_ExpensesOfConsolidatedVies" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_ExpensesOfConsolidatedVies" xml:lang="en-US">Total expenses of all Variable Interest Entities consolidated by the reporting entity</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity" xlink:label="loc_mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity" xml:lang="en-US">Expense From Transactions With Other Operating Segments Of Same Entity</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity" xml:lang="en-US">Inter-segment expenses</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity" xlink:to="lab_mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity" xml:lang="en-US">Intersegmentexpenses in the consolidated group.</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_RevenueFromCustomers" xlink:label="loc_mbi_RevenueFromCustomers" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_RevenueFromCustomers" xml:lang="en-US">Revenue From Customers</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_RevenueFromCustomers" xml:lang="en-US">Revenues</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_RevenueFromCustomers" xlink:to="lab_mbi_RevenueFromCustomers" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_RevenueFromCustomers" xml:lang="en-US">This item represents revenue grnerated from contracts with customers.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ConsolidationItemsAxis" xlink:label="loc_srt_ConsolidationItemsAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_srt_ConsolidationItemsAxis" xml:lang="en-US">Consolidation Items [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_ConsolidationItemsAxis" xlink:to="lab_srt_ConsolidationItemsAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ConsolidationItemsDomain" xlink:label="loc_srt_ConsolidationItemsDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_srt_ConsolidationItemsDomain" xml:lang="en-US">Consolidation Items [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_ConsolidationItemsDomain" xlink:to="lab_srt_ConsolidationItemsDomain" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingSegmentsMember" xlink:label="loc_us-gaap_OperatingSegmentsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_OperatingSegmentsMember" xml:lang="en-US">Operating Segments [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_OperatingSegmentsMember" xml:lang="en-US">Operating Segments [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingSegmentsMember" xlink:to="lab_us-gaap_OperatingSegmentsMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IntersegmentEliminationMember" xlink:label="loc_us-gaap_IntersegmentEliminationMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_IntersegmentEliminationMember" xml:lang="en-US">Intersegment Eliminations [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_IntersegmentEliminationMember" xml:lang="en-US">Intersegment Elimination [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IntersegmentEliminationMember" xlink:to="lab_us-gaap_IntersegmentEliminationMember" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_CorporateOperationsMember" xlink:label="loc_mbi_CorporateOperationsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_CorporateOperationsMember" xml:lang="en-US">Corporate Operations [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_CorporateOperationsMember" xlink:to="lab_mbi_CorporateOperationsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_CorporateOperationsMember" xml:lang="en-US">Corporate Operations [Member]</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_DisclosureEarningsPerShareScheduleOfBasicAndDilutedEarningsPerShareAbstract" xlink:label="loc_mbi_DisclosureEarningsPerShareScheduleOfBasicAndDilutedEarningsPerShareAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_DisclosureEarningsPerShareScheduleOfBasicAndDilutedEarningsPerShareAbstract" xml:lang="en-US">Disclosure Earnings Per Share Schedule Of Basic And Diluted Earnings Per Share [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_DisclosureEarningsPerShareScheduleOfBasicAndDilutedEarningsPerShareAbstract" xlink:to="lab_mbi_DisclosureEarningsPerShareScheduleOfBasicAndDilutedEarningsPerShareAbstract" />
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_AntidilutiveSharesAbstract" xml:lang="en-US">Antidilutive Shares [Abstract]</label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xml:lang="en-US">Net Income (Loss) Available to Common Stockholders, Basic</label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_EarningsPerShareDilutedAbstract" xml:lang="en-US">Earnings Per Share, Diluted [Abstract]</label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted" xml:lang="en-US">Net Income (Loss) Available to Common Stockholders, Diluted</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted" xml:lang="en-US">Net income (loss) available to common shareholders</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment" xlink:label="loc_us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment" xml:lang="en-US">Weighted Average Number Diluted Shares Outstanding Adjustment</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment" xml:lang="en-US">Potentially dilutive securities excluded from the calculation of diluted EPS because of antidilutive affect</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax" xml:lang="en-US">Other Comprehensive Income (Loss), before Reclassifications, Net of Tax</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" xlink:label="loc_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" />
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" xml:lang="en-US">Amounts reclassified from AOCI</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" xlink:label="loc_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" xml:lang="en-US">Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]</label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AccumulatedTranslationAdjustmentMember" xml:lang="en-US">Accumulated Foreign Currency Adjustment Attributable to Parent [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_AccumulatedTranslationAdjustmentMember" xml:lang="en-US">Foreign currency translation, net [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccumulatedTranslationAdjustmentMember" xlink:to="lab_us-gaap_AccumulatedTranslationAdjustmentMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NewAccountingPronouncementMember" xlink:label="loc_us-gaap_NewAccountingPronouncementMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_NewAccountingPronouncementMember" xml:lang="en-US">Adjustments for New Accounting Pronouncement [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NewAccountingPronouncementMember" xlink:to="lab_us-gaap_NewAccountingPronouncementMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis" xlink:label="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis" xml:lang="en-US">Reclassification out of Accumulated Other Comprehensive Income [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis" xlink:to="lab_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain" xlink:label="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain" />
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember" xlink:label="loc_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember" xml:lang="en-US">Reclassification out of Accumulated Other Comprehensive Income [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember" xml:lang="en-US">Amounts reclassified from AOCI [Member]</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xml:lang="en-US">Commitments and Contingencies [Abstract]</label>
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<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_CommitmentsAndContingenciesTable" xlink:label="loc_mbi_CommitmentsAndContingenciesTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_CommitmentsAndContingenciesTable" xml:lang="en-US">Commitments And Contingencies [Table]</label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_CommitmentsAndContingenciesTable" xml:lang="en-US">CommitmentsAndContingenciesDisclosure</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_CommitmentsAndContingenciesLineItems" xlink:label="loc_mbi_CommitmentsAndContingenciesLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_CommitmentsAndContingenciesLineItems" xml:lang="en-US">Commitments And Contingencies [Line Items]</label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_CommitmentsAndContingenciesLineItems" xml:lang="en-US">CommitmentsAndContingenciesDisclosureAbstract</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_NumberOfOtherLawsuits" xlink:label="loc_mbi_NumberOfOtherLawsuits" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_NumberOfOtherLawsuits" xml:lang="en-US">Number Of Other Lawsuits</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_mbi_NumberOfOtherLawsuits" xml:lang="en-US">Other material lawsuits pending</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_NumberOfOtherLawsuits" xlink:to="lab_mbi_NumberOfOtherLawsuits" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_NumberOfOtherLawsuits" xml:lang="en-US">Other material lawsuits pending</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_PrepaWorkingCapital" xlink:label="loc_mbi_PrepaWorkingCapital" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_PrepaWorkingCapital" xml:lang="en-US">PREPA Working Capital</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_mbi_PrepaWorkingCapital" xml:lang="en-US">PREPA working capital</label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_PrepaWorkingCapital" xml:lang="en-US">PREPA working capital.</label>
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_PlanTypeAxis" xlink:label="loc_mbi_PlanTypeAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_PlanTypeAxis" xml:lang="en-US">Plan Type [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_PlanTypeAxis" xlink:to="lab_mbi_PlanTypeAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_PlanTypeAxis" xml:lang="en-US">xxx_Plan Type Axis</label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_PlanTypeDomain" xml:lang="en-US">Plan Type [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_PlanTypeDomain" xlink:to="lab_mbi_PlanTypeDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_mbi_PlanTypeDomain" xml:lang="en-US">xxx_Plan Type Axis</label>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xml:lang="en-US">Related Party [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:to="lab_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" />
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_RelatedPartyDomain" xml:lang="en-US">Related Party [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RelatedPartyDomain" xlink:to="lab_us-gaap_RelatedPartyDomain" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_StatementScenarioAxis" xlink:label="loc_srt_StatementScenarioAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_srt_StatementScenarioAxis" xml:lang="en-US">Scenario [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_StatementScenarioAxis" xlink:to="lab_srt_StatementScenarioAxis" />
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_srt_ScenarioUnspecifiedDomain" xml:lang="en-US">Scenario [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_ScenarioUnspecifiedDomain" xlink:to="lab_srt_ScenarioUnspecifiedDomain" />
<loc xlink:type="locator" xlink:href="mbi-20200331.xsd#mbi_FuelLineLendersMember" xlink:label="loc_mbi_FuelLineLendersMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_mbi_FuelLineLendersMember" xml:lang="en-US">Fuel Line Lenders [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mbi_FuelLineLendersMember" xlink:to="lab_mbi_FuelLineLendersMember" />
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6859975536">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Consolidated Statements Of Cash Flows (Unaudited) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2020</div></th>
<th class="th"><div>Mar. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract', window );"><strong>Cash flows from operating activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromInsurancePremiumsCollected', window );">Premiums, fees and reimbursements received</a></td>
<td class="nump">$ 3<span></span>
</td>
<td class="nump">$ 3<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromInterestAndDividendsReceived', window );">Investment income received</a></td>
<td class="nump">37<span></span>
</td>
<td class="nump">44<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsForLossesAndLossAdjustmentExpense', window );">Financial guarantee losses and loss adjustment expenses paid</a></td>
<td class="num">(75)<span></span>
</td>
<td class="num">(95)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ProceedsFromReinsuranceAndRecoveries', window );">Proceeds from recoveries and reinsurance</a></td>
<td class="nump">10<span></span>
</td>
<td class="nump">60<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsForOtherOperatingActivities', window );">Operating and employee related expenses paid</a></td>
<td class="num">(34)<span></span>
</td>
<td class="num">(34)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestPaidNet', window );">Interest paid, net of interest converted to principal</a></td>
<td class="num">(23)<span></span>
</td>
<td class="num">(46)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxesPaidNet', window );">Income taxes (paid) received</a></td>
<td class="nump">0<span></span>
</td>
<td class="num">(2)<span></span>
</td>
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<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivities', window );">Net cash provided (used) by operating activities</a></td>
<td class="num">(82)<span></span>
</td>
<td class="num">(70)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract', window );"><strong>Cash flows from investing activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquireAvailableForSaleSecurities', window );">Purchases of available-for-sale investments</a></td>
<td class="num">(242)<span></span>
</td>
<td class="num">(747)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities', window );">Sales of available-for-sale investments</a></td>
<td class="nump">279<span></span>
</td>
<td class="nump">683<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities', window );">Paydowns and maturities of available-for-sale investments</a></td>
<td class="nump">123<span></span>
</td>
<td class="nump">234<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquireTradingSecuritiesHeldforinvestment', window );">Purchases of investments at fair value</a></td>
<td class="num">(33)<span></span>
</td>
<td class="num">(69)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromSaleOfTradingSecuritiesHeldforinvestment', window );">Sales, paydowns, maturities and other proceeds of investments at fair value</a></td>
<td class="nump">34<span></span>
</td>
<td class="nump">122<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsForProceedsFromShortTermInvestments', window );">Sales, paydowns and maturities (purchases) of short-term investments, net</a></td>
<td class="nump">178<span></span>
</td>
<td class="num">(154)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromMaturitiesRepaymentsAndCallsOfTradingSecuritiesHeldforinvestment', window );">Sales, paydowns and maturities of held-to-maturity investments</a></td>
<td class="nump">315<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromSaleAndCollectionOfLoansReceivable', window );">Paydowns and maturities of loans receivable</a></td>
<td class="nump">3<span></span>
</td>
<td class="nump">7<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ProceedsFromConsolidationOfVariableInterestEntity', window );">Consolidation of variable interest entities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">72<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsForProceedsFromDerivativeInstrumentInvestingActivities', window );">(Payments) proceeds for derivative settlements</a></td>
<td class="num">(3)<span></span>
</td>
<td class="num">(11)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseCashCollateralFromCounterparties', window );">Collateral (to) from counterparties</a></td>
<td class="num">(44)<span></span>
</td>
<td class="num">(9)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivities', window );">Net cash provided (used) by investing activities</a></td>
<td class="nump">610<span></span>
</td>
<td class="nump">128<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract', window );"><strong>Cash flows from financing activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromIssuanceOfOtherLongTermDebt', window );">Proceeds from investment agreements</a></td>
<td class="nump">3<span></span>
</td>
<td class="nump">3<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RepaymentsOfOtherLongTermDebt', window );">Principal paydowns of investment agreements</a></td>
<td class="num">(12)<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RepaymentsOfNotesPayable', window );">Principal paydowns of variable interest entity notes</a></td>
<td class="num">(323)<span></span>
</td>
<td class="num">(168)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsForRepurchaseOfCommonStock', window );">Purchases of treasury stock</a></td>
<td class="num">(62)<span></span>
</td>
<td class="num">(10)<span></span>
</td>
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<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInFinancingActivities', window );">Net cash provided (used) by financing activities</a></td>
<td class="num">(394)<span></span>
</td>
<td class="num">(175)<span></span>
</td>
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<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect', window );">Net increase (decrease) in cash and cash equivalents</a></td>
<td class="nump">134<span></span>
</td>
<td class="num">(117)<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents - beginning of period</a></td>
<td class="nump">83<span></span>
</td>
<td class="nump">280<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents - end of period</a></td>
<td class="nump">217<span></span>
</td>
<td class="nump">163<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ReconciliationOfNetIncomeLossToNetCashProvidedUsedByOperatingActivitiesAbstract', window );"><strong>Reconciliation of net income (loss) to net cash provided (used) by operating activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss)</a></td>
<td class="num">(333)<span></span>
</td>
<td class="num">(21)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ChangeInAbstract', window );"><strong>Change in:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInPremiumsReceivable', window );">Premiums receivable</a></td>
<td class="nump">1<span></span>
</td>
<td class="nump">22<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts', window );">Deferred acquisition costs</a></td>
<td class="nump">2<span></span>
</td>
<td class="nump">3<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInUnearnedPremiums', window );">Unearned premium revenue</a></td>
<td class="num">(19)<span></span>
</td>
<td class="num">(43)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve', window );">Loss and loss adjustment expense reserves</a></td>
<td class="nump">84<span></span>
</td>
<td class="num">(58)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_IncreaseDecreaseInInsuranceLossRecoverable', window );">Insurance loss recoverable</a></td>
<td class="nump">86<span></span>
</td>
<td class="num">(20)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInInterestPayableNet', window );">Accrued interest payable</a></td>
<td class="nump">35<span></span>
</td>
<td class="nump">30<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAccruedLiabilities', window );">Accrued expenses</a></td>
<td class="num">(19)<span></span>
</td>
<td class="num">(11)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetOtherThanTemporaryImpairments', window );">Net investment losses related to other-than-temporary impairments</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">28<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrealizedGainLossOnDerivatives', window );">Unrealized (gains) losses on insured derivatives</a></td>
<td class="nump">0<span></span>
</td>
<td class="num">(14)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_IncreaseDecreaseInNetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net (gains) losses on financial instruments at fair value and foreign exchange</a></td>
<td class="nump">48<span></span>
</td>
<td class="num">(40)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_IncreaseDecreaseInOtherNetRealizedGainsLosses', window );">Other net realized (gains) losses</a></td>
<td class="nump">9<span></span>
</td>
<td class="nump">41<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherNoncashIncomeExpense', window );">Other operating</a></td>
<td class="nump">24<span></span>
</td>
<td class="nump">13<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities', window );">Total adjustments to net income (loss)</a></td>
<td class="nump">251<span></span>
</td>
<td class="num">(49)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivities', window );">Net cash provided (used) by operating activities</a></td>
<td class="num">$ (82)<span></span>
</td>
<td class="num">$ (70)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_ChangeInAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_ChangeInAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_IncreaseDecreaseInInsuranceLossRecoverable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Increase decrease in carrying amount as of the balance sheet date of amounts expected to be recovered under the terms of insurance contracts related to recoveries related to commitments to repurchase ineligible loans within an (issue) and recoveries expected on paid claims.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_IncreaseDecreaseInInsuranceLossRecoverable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_IncreaseDecreaseInNetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Increase Decrease In Net Gains Losses On Financial Instruments At Fair Value And Foreign Exchange.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_IncreaseDecreaseInNetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_IncreaseDecreaseInOtherNetRealizedGainsLosses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Increase decrease in other net Realized Gains Losses</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_IncreaseDecreaseInOtherNetRealizedGainsLosses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_NetOtherThanTemporaryImpairments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net Other Than Temporary Impairments</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_NetOtherThanTemporaryImpairments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_ProceedsFromConsolidationOfVariableInterestEntity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cash inflows from consolidation of variable interest entities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_ProceedsFromConsolidationOfVariableInterestEntity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_ProceedsFromReinsuranceAndRecoveries">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Proceeds from reinsurance and recoveries</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_ProceedsFromReinsuranceAndRecoveries</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_ReconciliationOfNetIncomeLossToNetCashProvidedUsedByOperatingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Reconciliation of net income loss to net cash provided used by operating activities [abstract]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_ReconciliationOfNetIncomeLossToNetCashProvidedUsedByOperatingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The sum of adjustments which are added to or deducted from net income or loss, including the portion attributable to noncontrolling interest, to reflect cash provided by or used in operating activities, in accordance with the indirect cash flow method.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsAtCarryingValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3044-108585<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118951113&amp;loc=d3e6676-107765<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsAtCarryingValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) in cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; excluding effect from exchange rate change. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 230<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=98513438&amp;loc=d3e33268-110906<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 24<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3521-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxesPaidNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=98513485&amp;loc=d3e4297-108586<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxesPaidNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseCashCollateralFromCounterparties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the amount of cash held either as collateral directly or provided to third parties associated with derivative instruments. Upon the occurrence of any specified triggering event or condition associated with the derivative, these amounts can be utilized to recover all or a portion of the amounts due or payable under the derivative.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseCashCollateralFromCounterparties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInAccruedLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInAccruedLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the balance sheet value of capitalized sales costs that are associated with acquiring a new insurance customers.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInInterestPayableNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in interest payable, which represents the amount owed to note holders, bond holders, and other parties for interest earned on loans or credit extended to the reporting entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInInterestPayableNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) in liability to reflect the estimated ultimate cost of settling claims relating to insured events that have occurred on or before the balance sheet date, whether or not reported to the insurer at that date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInPremiumsReceivable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The change in the premium receivable balance on the balance sheet.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInPremiumsReceivable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInUnearnedPremiums">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) unearned premiums written. Excludes portion of unearned premiums amortized into income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInUnearnedPremiums</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestPaidNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash paid for interest, excluding capitalized interest, classified as operating activity. Includes, but is not limited to, payment to settle zero-coupon bond for accreted interest of debt discount and debt instrument with insignificant coupon interest rate in relation to effective interest rate of borrowing attributable to accreted interest of debt discount.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=98513485&amp;loc=d3e4297-108586<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 17<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3367-108585<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 25<br> -Subparagraph (e)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3536-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestPaidNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 24<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3521-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 24<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3521-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 25<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3536-108585<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 24<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3521-108585<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669619-108580<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637391&amp;loc=SL114874048-224260<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669625-108580<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(18))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637232&amp;loc=SL114874131-224263<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(20))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br><br>Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherNoncashIncomeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of income (expense) included in net income that results in no cash inflow (outflow), classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherNoncashIncomeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsForLossesAndLossAdjustmentExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after effects of reinsurance, of payments to settle insured claims and pay costs incurred in the claims settlement process.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 40<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=116884095&amp;loc=d3e14764-158437<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 25<br> -Subparagraph (g)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3536-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsForLossesAndLossAdjustmentExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsForOtherOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash outflow for operating activities classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 25<br> -Subparagraph (g)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3536-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsForOtherOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsForProceedsFromDerivativeInstrumentInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net cash outflow or inflow from derivative instruments during the period, which are classified as investing activities, excluding those designated as hedging instruments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.12-04(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e24072-122690<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsForProceedsFromDerivativeInstrumentInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsForProceedsFromShortTermInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net amount paid (received) by the reporting entity through acquisition or sale and maturities of short-term investments with an original maturity that is three months or less which qualify for treatment as an investing activity based on management's intention and intended by management to be liquidated, if necessary, within the current operating cycle. Includes cash flows from securities classified as trading securities that were acquired for reasons other than sale in the short-term.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 13<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3213-108585<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 9<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3098-108585<br><br>Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 12<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3179-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsForProceedsFromShortTermInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsForRepurchaseOfCommonStock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow to reacquire common stock during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3291-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsForRepurchaseOfCommonStock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquireAvailableForSaleSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow to acquire debt and equity securities not classified as either held-to-maturity securities or trading securities which would be classified as available-for-sale securities and reported at fair value, with unrealized gains and losses excluded from earnings and reported in a separate component of shareholders' equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=118954083&amp;loc=d3e26853-111562<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 13<br> -Subparagraph (a),(b)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3213-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsToAcquireAvailableForSaleSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquireTradingSecuritiesHeldforinvestment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow to acquire securities classified as trading securities and held for investment purposes. Excludes payments for trading securities purchased and held principally for the purpose of selling them in the near term (thus held for only a short period of time).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3213-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsToAcquireTradingSecuritiesHeldforinvestment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromInsurancePremiumsCollected">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cash received as payments for insurance premiums during the current period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 25<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3536-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromInsurancePremiumsCollected</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromInterestAndDividendsReceived">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cash received for dividends and interest on the entity's equity and debt investments during the current period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 16<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3337-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 25<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3536-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromInterestAndDividendsReceived</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromIssuanceOfOtherLongTermDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow from issuance of long-term debt classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3255-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromIssuanceOfOtherLongTermDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow from maturity, prepayment and call of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=118954083&amp;loc=d3e26853-111562<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3151-108585<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 12<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3179-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromMaturitiesRepaymentsAndCallsOfTradingSecuritiesHeldforinvestment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow associated with maturities (principal being due), repayments and calls (payments before maturities) of securities classified as trading securities and held for investment purposes. Excludes proceeds from trading securities purchased and held principally for the purpose of selling them in the near term (thus held for only a short period of time).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromMaturitiesRepaymentsAndCallsOfTradingSecuritiesHeldforinvestment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromSaleAndCollectionOfLoansReceivable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow associated with the sale and collection of loans receivables arising from the financing of goods and services.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 12<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3179-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromSaleAndCollectionOfLoansReceivable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow associated with the sale of debt and equity securities classified as available-for-sale securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=118954083&amp;loc=d3e26853-111562<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 12<br> -Subparagraph (a),(b)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3179-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromSaleOfTradingSecuritiesHeldforinvestment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow associated with the sale of securities classified as trading securities and held for investment purposes. Excludes proceeds from trading securities purchased and held principally for the purpose of selling them in the near term (thus held for only a short period of time).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromSaleOfTradingSecuritiesHeldforinvestment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RepaymentsOfNotesPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for a borrowing supported by a written promise to pay an obligation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3291-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RepaymentsOfNotesPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RepaymentsOfOtherLongTermDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash outflow for the payment of debt classified as other, maturing after one year or the operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3291-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RepaymentsOfOtherLongTermDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UnrealizedGainLossOnDerivatives">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_UnrealizedGainLossOnDerivatives</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
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</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>12
<FILENAME>R59.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6798047392">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Investments (Portion Of Unrealized Gains And Losses On Equity Investments Held) (Detail) - Equity Securities [Member] - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2020</div></th>
<th class="th"><div>Mar. 31, 2019</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CollateralAxis=us-gaap_EquitySecuritiesMember', window );">Gains (losses) on equity investments [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfGainLossOnInvestmentsIncludingMarketableSecuritiesAndInvestmentsHeldAtCostIncomeStatementReportedAmountsSummaryLineItems', window );"><strong>Gain (Loss) on Investments [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealizedInvestmentGainsLosses', window );">Realized investment gains (losses)</a></td>
<td class="num">$ (13)<span></span>
</td>
<td class="nump">$ 5<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CollateralAxis=us-gaap_EquitySecuritiesMember', window );">Gains (losses) on equity investments sold during the period [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfGainLossOnInvestmentsIncludingMarketableSecuritiesAndInvestmentsHeldAtCostIncomeStatementReportedAmountsSummaryLineItems', window );"><strong>Gain (Loss) on Investments [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealizedInvestmentGainsLosses', window );">Realized investment gains (losses)</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">1<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CollateralAxis=us-gaap_EquitySecuritiesMember', window );">Gains (losses) on equity investments still held at the end of the period [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfGainLossOnInvestmentsIncludingMarketableSecuritiesAndInvestmentsHeldAtCostIncomeStatementReportedAmountsSummaryLineItems', window );"><strong>Gain (Loss) on Investments [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealizedInvestmentGainsLosses', window );">Realized investment gains (losses)</a></td>
<td class="num">$ (13)<span></span>
</td>
<td class="nump">$ 4<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealizedInvestmentGainsLosses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net realized gains or losses on investments during the period, not including gains or losses on securities separately or otherwise categorized as trading, available-for-sale, or held-to-maturity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04.3(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637232&amp;loc=SL114874131-224263<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealizedInvestmentGainsLosses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfGainLossOnInvestmentsIncludingMarketableSecuritiesAndInvestmentsHeldAtCostIncomeStatementReportedAmountsSummaryLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfGainLossOnInvestmentsIncludingMarketableSecuritiesAndInvestmentsHeldAtCostIncomeStatementReportedAmountsSummaryLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CollateralAxis=us-gaap_EquitySecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CollateralAxis=us-gaap_EquitySecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeStatementLocationAxis=us-gaap_GainLossOnInvestmentsMember1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeStatementLocationAxis=us-gaap_GainLossOnInvestmentsMember1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeStatementLocationAxis=us-gaap_SalesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeStatementLocationAxis=us-gaap_SalesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeStatementLocationAxis=mbi_HeldMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeStatementLocationAxis=mbi_HeldMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>13
<FILENAME>R51.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6862704752">
<tr>
<th class="tl" colspan="2" rowspan="1"><div style="width: 200px;"><strong>Investments (Amortized Cost And Fair Value Of Available-For-Sale and Held-To-Maturity Investment Portfolios) (Detail) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember', window );">Variable Interest Entity Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesAbstract', window );"><strong>Held To Maturity Securities [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_HeldToMaturitySecuritiesGrossOfAllowanceForCreditLosses', window );">Total held-to-maturity, amortized cost</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 575<span></span>
</td>
<td class="nump">$ 890<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLoss', window );">Allowance for Credit Losess</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(46)<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain', window );">Gross unrealized gains</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">43<span></span>
</td>
<td class="nump">2<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss', window );">Gross unrealized losses</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesFairValue', window );">Total held-to-maturity investments, fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">572<span></span>
</td>
<td class="nump">892<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_HeldToMaturityCumulativeOtherThanTemporaryImpairmentOfSecurities', window );">Other-Than-Temporary Impairments</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=us-gaap_CorporateDebtSecuritiesMember', window );">Corporate Obligations [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesAbstract', window );"><strong>Held To Maturity Securities [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_HeldToMaturitySecuritiesGrossOfAllowanceForCreditLosses', window );">Total held-to-maturity, amortized cost</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">575<span></span>
</td>
<td class="nump">890<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLoss', window );">Allowance for Credit Losess</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(46)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain', window );">Gross unrealized gains</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">43<span></span>
</td>
<td class="nump">2<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss', window );">Gross unrealized losses</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesFairValue', window );">Total held-to-maturity investments, fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">572<span></span>
</td>
<td class="nump">892<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_HeldToMaturityCumulativeOtherThanTemporaryImpairmentOfSecurities', window );">Other-Than-Temporary Impairments</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost', window );">Total available-for-sale, amortized cost</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,771<span></span>
</td>
<td class="nump">2,984<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss', window );">Allowance for Credit Losess</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax', window );">Gross unrealized gains</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">223<span></span>
</td>
<td class="nump">126<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax', window );">Gross unrealized losses</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(63)<span></span>
</td>
<td class="num">(11)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Total available-for-sale, fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,931<span></span>
</td>
<td class="nump">3,099<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities', window );">Other-than-temporary impairments</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | U S Treasury And Government [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost', window );">Total available-for-sale, amortized cost</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">758<span></span>
</td>
<td class="nump">838<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss', window );">Allowance for Credit Losess</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax', window );">Gross unrealized gains</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">101<span></span>
</td>
<td class="nump">46<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax', window );">Gross unrealized losses</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="num">(2)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Total available-for-sale, fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">859<span></span>
</td>
<td class="nump">882<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities', window );">Other-than-temporary impairments</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | US States And Political Subdivisions [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost', window );">Total available-for-sale, amortized cost</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">168<span></span>
</td>
<td class="nump">178<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss', window );">Allowance for Credit Losess</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax', window );">Gross unrealized gains</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">23<span></span>
</td>
<td class="nump">22<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax', window );">Gross unrealized losses</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Total available-for-sale, fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">191<span></span>
</td>
<td class="nump">200<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities', window );">Other-than-temporary impairments</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | Foreign Governments [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost', window );">Total available-for-sale, amortized cost</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">10<span></span>
</td>
<td class="nump">8<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss', window );">Allowance for Credit Losess</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax', window );">Gross unrealized gains</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">1<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax', window );">Gross unrealized losses</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(1)<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Total available-for-sale, fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">9<span></span>
</td>
<td class="nump">9<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities', window );">Other-than-temporary impairments</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | Corporate Obligations [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost', window );">Total available-for-sale, amortized cost</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,114<span></span>
</td>
<td class="nump">1,140<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss', window );">Allowance for Credit Losess</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax', window );">Gross unrealized gains</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">90<span></span>
</td>
<td class="nump">52<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax', window );">Gross unrealized losses</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(33)<span></span>
</td>
<td class="num">(1)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Total available-for-sale, fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,171<span></span>
</td>
<td class="nump">1,191<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities', window );">Other-than-temporary impairments</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | Residential Mortgage-Backed Agency [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost', window );">Total available-for-sale, amortized cost</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">266<span></span>
</td>
<td class="nump">317<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss', window );">Allowance for Credit Losess</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax', window );">Gross unrealized gains</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">8<span></span>
</td>
<td class="nump">3<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax', window );">Gross unrealized losses</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Total available-for-sale, fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">274<span></span>
</td>
<td class="nump">320<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities', window );">Other-than-temporary impairments</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | Residential Mortgage-Backed Non-Agency [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost', window );">Total available-for-sale, amortized cost</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">27<span></span>
</td>
<td class="nump">23<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss', window );">Allowance for Credit Losess</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax', window );">Gross unrealized gains</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1<span></span>
</td>
<td class="nump">1<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax', window );">Gross unrealized losses</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(7)<span></span>
</td>
<td class="num">(5)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Total available-for-sale, fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">21<span></span>
</td>
<td class="nump">19<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities', window );">Other-than-temporary impairments</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | Commercial Mortgage-Backed [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost', window );">Total available-for-sale, amortized cost</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">20<span></span>
</td>
<td class="nump">20<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss', window );">Allowance for Credit Losess</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax', window );">Gross unrealized gains</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax', window );">Gross unrealized losses</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(1)<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Total available-for-sale, fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">19<span></span>
</td>
<td class="nump">20<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities', window );">Other-than-temporary impairments</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | Collateralized Debt Obligations [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost', window );">Total available-for-sale, amortized cost</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">131<span></span>
</td>
<td class="nump">139<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss', window );">Allowance for Credit Losess</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax', window );">Gross unrealized gains</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax', window );">Gross unrealized losses</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(19)<span></span>
</td>
<td class="num">(2)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Total available-for-sale, fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">112<span></span>
</td>
<td class="nump">137<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities', window );">Other-than-temporary impairments</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | Other Asset-Backed [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost', window );">Total available-for-sale, amortized cost</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">277<span></span>
</td>
<td class="nump">321<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss', window );">Allowance for Credit Losess</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax', window );">Gross unrealized gains</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">1<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax', window );">Gross unrealized losses</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(2)<span></span>
</td>
<td class="num">(1)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Total available-for-sale, fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 275<span></span>
</td>
<td class="nump">321<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities', window );">Other-than-temporary impairments</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
<tr><td colspan="3"></td></tr>
<tr><td colspan="3"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">Represents unrealized gains or losses on OTTI securities recognized in AOCI, which includes the non-credit component of impairments, as well as all subsequent changes in fair value of such impaired securities reported in AOCI.</td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Unrealized gains or losses on other-than-temporarily impaired securities recognized in AOCI, which includes the non-credit component of impairments, as well as all subsequent changes in fair value of such impaired securities reported in AOCI.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_HeldToMaturityCumulativeOtherThanTemporaryImpairmentOfSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Unrealized gains or losses on other-than-temporarily impaired securities recognized in AOCI, which includes the non-credit component of impairments, as well as all subsequent changes in fair value of such impaired securities reported in AOCI.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_HeldToMaturityCumulativeOtherThanTemporaryImpairmentOfSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_HeldToMaturitySecuritiesGrossOfAllowanceForCreditLosses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Held to maturity securities gross of allowance for credit losses.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_HeldToMaturitySecuritiesGrossOfAllowanceForCreditLosses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of investment in debt and equity securities categorized neither as held-to-maturity nor trading.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before tax of unrealized gain in accumulated other comprehensive income (AOCI) on investments in debt and equity securities classified as available-for-sale.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=118939692&amp;loc=d3e27161-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before tax of unrealized loss in accumulated other comprehensive income (AOCI) on investments in debt and equity securities classified as available-for-sale.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This item represents the cost of debt and equity securities, which are categorized neither as held-to-maturity nor trading, net of adjustments including accretion, amortization, collection of cash, previous other-than-temporary impairments recognized in earnings (less any cumulative-effect adjustments recognized, as defined), and fair value hedge accounting adjustments, if any.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesAmortizedCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of allowance for credit loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 30<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118955579&amp;loc=SL82922900-210455<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 30<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (i)<br> -URI http://asc.fasb.org/extlink&amp;oid=118955579&amp;loc=SL82922900-210455<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (aaa)<br> -URI http://asc.fasb.org/extlink&amp;oid=118939692&amp;loc=d3e27161-111563<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=118942338&amp;loc=SL82898722-210454<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of allowance for credit loss for debt security measured at amortized cost (held-to-maturity).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 20<br> -Section 50<br> -Paragraph 13<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=119407570&amp;loc=SL82919249-210447<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5<br> -Subparagraph (aaa)<br> -URI http://asc.fasb.org/extlink&amp;oid=118939692&amp;loc=d3e27232-111563<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 20<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=118955202&amp;loc=SL82895884-210446<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 20<br> -Section 50<br> -Paragraph 13<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=119407570&amp;loc=SL82919249-210447<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_HeldToMaturitySecuritiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of accumulated unrecognized gain on investment in debt security measured at amortized cost (held-to-maturity).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=118939692&amp;loc=d3e27232-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of accumulated unrealized loss on investment in debt security measured at amortized cost (held-to-maturity).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=118939692&amp;loc=d3e27232-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_HeldToMaturitySecuritiesFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of investment in debt security measured at amortized cost (held-to-maturity).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5<br> -Subparagraph (aa)<br> -URI http://asc.fasb.org/extlink&amp;oid=118939692&amp;loc=d3e27232-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=us-gaap_CorporateDebtSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=us-gaap_CorporateDebtSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentTypeAxis=us-gaap_FixedMaturitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentTypeAxis=us-gaap_FixedMaturitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=us-gaap_USTreasuryAndGovernmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=us-gaap_USTreasuryAndGovernmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=us-gaap_ForeignGovernmentDebtMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=us-gaap_ForeignGovernmentDebtMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=mbi_ResidentialMortgageBackedAgencyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=mbi_ResidentialMortgageBackedAgencyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=mbi_ResidentialMortgageBackedNonAgencyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=mbi_ResidentialMortgageBackedNonAgencyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=us-gaap_CollateralizedDebtObligationsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=us-gaap_CollateralizedDebtObligationsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=mbi_OtherAssetBackedMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=mbi_OtherAssetBackedMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>14
<FILENAME>R4.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6853131200">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>Consolidated Statements Of Operations (Unaudited) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2020</div></th>
<th class="th"><div>Mar. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnDerivativeInstrumentsNetPretaxAbstract', window );"><strong>Change in fair value of insured derivatives:</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrealizedGainLossOnDerivatives', window );">Unrealized gains (losses) on insured derivatives</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 14<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAbstract', window );"><strong>Net investment losses related to other-than-temporary impairments:</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Revenues', window );">Total revenues</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(6)<span></span>
</td>
<td class="nump">50<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingExpensesAbstract', window );"><strong>Expenses:</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BenefitsLossesAndExpenses', window );">Total expenses</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">327<span></span>
</td>
<td class="nump">69<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest', window );">Income (loss) before income taxes</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(333)<span></span>
</td>
<td class="num">(19)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Provision (benefit) for income taxes</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">2<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">$ (333)<span></span>
</td>
<td class="num">$ (21)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareAbstract', window );"><strong>Net income (loss) per common share:</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareBasic', window );">Basic</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">$ (4.62)<span></span>
</td>
<td class="num">$ (0.24)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareDiluted', window );">Diluted</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">$ (4.62)<span></span>
</td>
<td class="num">$ (0.24)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract', window );"><strong>Weighted average number of common shares outstanding:</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic', window );">Basic</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">72,089,016<span></span>
</td>
<td class="nump">85,554,236<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding', window );">Diluted</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">72,089,016<span></span>
</td>
<td class="nump">85,554,236<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidatedEntitiesAxis=srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember', window );">Non Variable Interest Entity [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PremiumsEarnedNetByBusinessAbstract', window );"><strong>Premiums earned:</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PremiumsEarnedNetFinancialGuaranteeInsuranceContracts', window );">Scheduled premiums earned</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 16<span></span>
</td>
<td class="nump">$ 18<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialGuaranteeInsuranceContractsAcceleratedPremiumRevenueAmount', window );">Refunding premiums earned</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">4<span></span>
</td>
<td class="nump">5<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PremiumsEarnedNet', window );">Premiums earned (net of ceded premiums of $1 and $1)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">20<span></span>
</td>
<td class="nump">23<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetInvestmentIncome', window );">Net investment income</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">23<span></span>
</td>
<td class="nump">32<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnDerivativeInstrumentsNetPretaxAbstract', window );"><strong>Change in fair value of insured derivatives:</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrealizedGainLossOnDerivatives', window );">Unrealized gains (losses) on insured derivatives</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">14<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(63)<span></span>
</td>
<td class="nump">22<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAbstract', window );"><strong>Net investment losses related to other-than-temporary impairments:</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities', window );">Investment losses related to other-than-temporary impairments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities', window );">Other-than-temporary impairments recognized in accumulated other comprehensive income (loss)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="num">(28)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet', window );">Net investment losses related to other-than-temporary impairments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="num">(28)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherIncome', window );">Other net realized gains (losses)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">1<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingExpensesAbstract', window );"><strong>Expenses:</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet', window );">Losses and loss adjustment</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">243<span></span>
</td>
<td class="num">(38)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense', window );">Amortization of deferred acquisition costs</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2<span></span>
</td>
<td class="nump">4<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingExpenses', window );">Operating</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">18<span></span>
</td>
<td class="nump">26<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">47<span></span>
</td>
<td class="nump">52<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember', window );">Variable Interest Entity Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PremiumsEarnedNetByBusinessAbstract', window );"><strong>Premiums earned:</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetInvestmentIncome', window );">Net investment income</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">8<span></span>
</td>
<td class="nump">10<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnDerivativeInstrumentsNetPretaxAbstract', window );"><strong>Change in fair value of insured derivatives:</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">15<span></span>
</td>
<td class="nump">18<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAbstract', window );"><strong>Net investment losses related to other-than-temporary impairments:</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherIncome', window );">Other net realized gains (losses)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(9)<span></span>
</td>
<td class="num">(42)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingExpensesAbstract', window );"><strong>Expenses:</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingExpenses', window );">Operating</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2<span></span>
</td>
<td class="nump">3<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 15<span></span>
</td>
<td class="nump">$ 22<span></span>
</td>
</tr>
<tr><td colspan="3"></td></tr>
<tr><td colspan="3"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">Includes 0.9 million of participating securities that met the service condition and were eligible to receive nonforfeitable dividends or dividend equivalents for each of the three months ended March 31, 2020 and 2019, respectively.</td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Change in the fair value of and realized gains and losses on sale of financial instruments and foreign exchange included in earnings.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BenefitsLossesAndExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total amount of expense recognized during the period for future policy benefits, claims and claims adjustment costs, and for selling, general and administrative costs.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04.5,6,7)<br> -URI http://asc.fasb.org/extlink&amp;oid=116637232&amp;loc=SL114874131-224263<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BenefitsLossesAndExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of amortization expense (reversal of expense) for deferred policy acquisition costs.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 30<br> -Section 55<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=117418976&amp;loc=d3e11522-158419<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 20<br> -Section 45<br> -Paragraph 2<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=6480726&amp;loc=d3e6691-158385<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 40<br> -Section 65<br> -Paragraph 2<br> -Subparagraph (g)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=117419843&amp;loc=SL117420844-207641<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(7)(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637232&amp;loc=SL114874131-224263<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2B<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=117419109&amp;loc=SL117422543-158416<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 30<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=35755530&amp;loc=d3e11264-158415<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareBasic">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(19))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637232&amp;loc=SL114874131-224263<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=117326831&amp;loc=d3e1337-109256<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 55<br> -Paragraph 52<br> -URI http://asc.fasb.org/extlink&amp;oid=117327953&amp;loc=d3e4984-109258<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(21))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22694-107794<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=117326831&amp;loc=d3e1252-109256<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(23))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637391&amp;loc=SL114874048-224260<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 60B<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=117326831&amp;loc=SL5780133-109256<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareBasic</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareDiluted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 55<br> -Paragraph 52<br> -URI http://asc.fasb.org/extlink&amp;oid=117327953&amp;loc=d3e4984-109258<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=117326831&amp;loc=d3e1252-109256<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(23))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637391&amp;loc=SL114874048-224260<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22694-107794<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=117326831&amp;loc=d3e1337-109256<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(21))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 60B<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=117326831&amp;loc=SL5780133-109256<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(19))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637232&amp;loc=SL114874131-224263<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareDiluted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialGuaranteeInsuranceContractsAcceleratedPremiumRevenueAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This element represents the amount of premium revenue on financial guarantee insurance contracts recognized during the period that was accelerated for revenue recognition purposes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 605<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6933581&amp;loc=SL5749298-161291<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialGuaranteeInsuranceContractsAcceleratedPremiumRevenueAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GainLossOnDerivativeInstrumentsNetPretaxAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GainLossOnDerivativeInstrumentsNetPretaxAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 940<br> -SubTopic 20<br> -Section 25<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=68072869&amp;loc=d3e41242-110953<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(10))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(8))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637232&amp;loc=SL114874131-224263<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22694-107794<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(15))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637391&amp;loc=SL114874048-224260<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (h)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 20<br> -Section 45<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=109238882&amp;loc=d3e38679-109324<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of the cost of borrowed funds accounted for as interest expense.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6450988&amp;loc=d3e26243-108391<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=114775744&amp;loc=d3e28555-108399<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (210.5-03(11))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.9)<br> -URI http://asc.fasb.org/extlink&amp;oid=116637391&amp;loc=SL114874048-224260<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669619-108580<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637391&amp;loc=SL114874048-224260<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669625-108580<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(18))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637232&amp;loc=SL114874131-224263<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(20))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br><br>Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetInvestmentIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after investment expense, of income earned from investments in securities and real estate. Includes, but is not limited to, real estate investment, policy loans, dividends, and interest. Excludes realized gain (loss) on investments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(2))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637232&amp;loc=SL114874131-224263<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetInvestmentIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingExpensesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingExpensesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of revenue and income classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=116637232&amp;loc=SL114874131-224263<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount by which the fair value of an investment in debt and equity securities categorized as Available-for-sale is less than the amortized cost basis or carrying amount of that investment at the balance sheet date and the decline in fair value is deemed to be other than temporary, before considering whether or not such amount is recognized in earnings or other comprehensive income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, before tax, of other-than-temporary impairment (OTTI) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), recognized in other comprehensive income (OCI).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 10A<br> -Subparagraph (g)<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669646-108580<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 45<br> -Paragraph 8A<br> -URI http://asc.fasb.org/extlink&amp;oid=118954083&amp;loc=SL6284422-111562<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of other than temporary impairment (OTTI) losses on equity securities, OTTI related to credit losses on debt securities, and OTTI losses on debt securities when the entity intends to sell the securities or it is more likely than not that the entity will be required to sell the securities before recovery of its amortized cost basis. Additionally, this item includes OTTI losses recognized during the period on investments accounted for under the cost method of accounting.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after effects of policies assumed or ceded, of expense related to the provision for policy benefits and costs incurred.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04.5)<br> -URI http://asc.fasb.org/extlink&amp;oid=116637232&amp;loc=SL114874131-224263<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=99397103&amp;loc=d3e6811-158387<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PolicyholderBenefitsAndClaimsIncurredNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PremiumsEarnedNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after premiums ceded to other entities and premiums assumed by the entity, of premiums earned.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637232&amp;loc=SL114874131-224263<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 235<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.12-17(Column E))<br> -URI http://asc.fasb.org/extlink&amp;oid=34713774&amp;loc=d3e574992-122915<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(13)(c))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637391&amp;loc=SL114874048-224260<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 605<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=6486672&amp;loc=d3e27261-158547<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PremiumsEarnedNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PremiumsEarnedNetByBusinessAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PremiumsEarnedNetByBusinessAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PremiumsEarnedNetFinancialGuaranteeInsuranceContracts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after premiums ceded to other entities and premiums assumed by the entity, of financial guarantee premiums earned.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 605<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=84167274&amp;loc=d3e27175-158546<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 20<br> -Section 50<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=6933001&amp;loc=SL5747862-161289<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=99397103&amp;loc=d3e6816-158387<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 605<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=6486672&amp;loc=d3e27261-158547<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 605<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6486672&amp;loc=d3e27261-158547<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 605<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=6486672&amp;loc=d3e27261-158547<br><br>Reference 7: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637232&amp;loc=SL114874131-224263<br><br>Reference 8: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=99397103&amp;loc=d3e6811-158387<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PremiumsEarnedNetFinancialGuaranteeInsuranceContracts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Revenues">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8933-108599<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Revenues</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UnrealizedGainLossOnDerivatives">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_UnrealizedGainLossOnDerivatives</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 16<br> -URI http://asc.fasb.org/extlink&amp;oid=117326831&amp;loc=d3e1505-109256<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=117326831&amp;loc=d3e1448-109256<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfSharesOutstandingBasic</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ConsolidatedEntitiesAxis=srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ConsolidatedEntitiesAxis=srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>15
<FILENAME>R55.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
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</head>
<body>
<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6658341296">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Investments (Securities Held In Unrealized Loss Position And Insured By Financial Guarantor) (Detail) - Mortgage-backed [Member] - Mbia Corp And National [Member] - Financial Guarantee [Member]<br> $ in Millions</strong></div></th>
<th class="th">
<div>Mar. 31, 2020 </div>
<div>USD ($)</div>
</th>
<th class="th"><sup>[1]</sup></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInvestmentsLineItems', window );"><strong>Schedule Of Investments [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Total Available-For-Sale, Fair Value</a></td>
<td class="nump">$ 9<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments', window );">Gross unrealized losses</a></td>
<td class="num">(6)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor', window );">Loss and loss adjustment expense reserves</a></td>
<td class="nump">$ 22<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
</tr>
<tr><td colspan="3"></td></tr>
<tr><td colspan="3"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">Includes investments insured by MBIA Corp. and National.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top">Insurance loss reserve estimates are based on the proportion of par value owned to the total amount of par value insured.</td>
</tr>
</table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of accumulated pre-tax unrealized losses before deducting pre-tax unrealized gains on investments in available-for-sale securities impacting investments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount needed to reflect the estimated ultimate cost of settling claims relating to insured events by financial guarantor that have occurred on or before the balance sheet date, whether or not reported to the insurer at that date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This item represents the aggregate fair value of investments in debt and equity securities in an unrealized loss position which are categorized neither as held-to-maturity nor trading securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfInvestmentsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfInvestmentsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=us-gaap_MortgageBackedSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=us-gaap_MortgageBackedSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ConsolidatedEntitiesAxis=mbi_MbiaCorpAndNationalMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ConsolidatedEntitiesAxis=mbi_MbiaCorpAndNationalMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GuaranteeObligationsByNatureAxis=us-gaap_FinancialGuaranteeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GuaranteeObligationsByNatureAxis=us-gaap_FinancialGuaranteeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>16
<FILENAME>R72.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6657805456">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Commitments and Contingencies (Narrative) (Detail)<br> $ in Millions</strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th">
<div>Mar. 31, 2020 </div>
<div>USD ($) </div>
<div>issue</div>
</th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_CommitmentsAndContingenciesLineItems', window );"><strong>Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NumberOfOtherLawsuits', window );">Other material lawsuits pending | issue</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidatedEntitiesAxis=mbi_FuelLineLendersMember', window );">Fuel Line Lenders [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_CommitmentsAndContingenciesLineItems', window );"><strong>Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_PrepaWorkingCapital', window );">PREPA working capital | $</a></td>
<td class="nump">$ 700<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_CommitmentsAndContingenciesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>CommitmentsAndContingenciesDisclosureAbstract</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_CommitmentsAndContingenciesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_NumberOfOtherLawsuits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Other material lawsuits pending</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_NumberOfOtherLawsuits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_PrepaWorkingCapital">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>PREPA working capital.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6642215520">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Loss and Loss Adjustment Expense Reserves<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
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<tr><th class="th"><div>Mar. 31, 2020</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilityForFuturePolicyBenefitsAndUnpaidClaimsDisclosureTextBlock', window );">Loss and Loss Adjustment Expense Reserves</a></td>
<td class="text"><div id="toc893688_13" style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 5: Loss and Loss Adjustment Expense Reserves </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">U.S. Public Finance Insurance </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">U.S. public finance insured transactions consist of municipal bonds, including <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">tax-exempt</div> and taxable indebtedness of U.S. political subdivisions, as well as utilities, airports, health care institutions, higher educational facilities, student loan issuers, housing authorities and other similar agencies and obligations issued by private entities that finance projects that serve a substantial public purpose. The Company estimates future losses by using probability-weighted cash flow scenarios that are customized to each insured transaction. Future loss estimates consider debt service due for each insured transaction, which includes par outstanding and interest due, as well as recoveries for such payments, if any. Gross par outstanding for capital appreciation bonds represents the par amount at the time of issuance of the insurance policy.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Certain state and local governments and territory obligors that National insures are under financial and budgetary stress. In addition, the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19</div> pandemic may present additional but unknown credit risks to National&#8217;s insured portfolio. Puerto Rico had been experiencing significant fiscal stress and constrained liquidity, and in response, the U.S. Congress passed PROMESA. In formulating loss reserves, the Company considers the following: environmental and political impacts; litigation; ongoing discussions with creditors; timing and amount of debt service payments and future recoveries; existing proposed restructuring plans or agreements; and deviations from these proposals in its probability-weighted scenarios. In September of 2019, National agreed to join the RSA with PREPA, other monoline insurers, a group of uninsured PREPA bondholders, Puerto Rico, and the Oversight Board. Refer to &#8220;Note 1: Business Developments and Risk and Uncertainties&#8221;, for further information on <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19</div> and the Company&#8217;s Puerto Rico exposures.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Recoveries on Puerto Rico Losses </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For recoveries on paid Puerto Rico losses, the estimates include assumptions related to the following: economic conditions and trends; political developments; the Company&#8217;s ability to enforce contractual rights through litigation and otherwise; discussions with other creditors and the obligors, any existing proposals; and the remediation strategy for an insured obligation that has defaulted or is expected for default. </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">International and Structured Finance Insurance </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The international and structured finance insurance segment&#8217;s case basis reserves and insurance loss recoveries recorded in accordance with GAAP do not include estimates for a policy insuring a credit derivative or on financial guarantee VIEs that are eliminated in consolidation. The policy insuring a credit derivative contract is accounted for as a derivative and is carried at fair value in the Company&#8217;s consolidated financial statements under GAAP. The fair value of the insured credit derivative contract is influenced by a variety of market and transaction-specific factors that may be unrelated to potential future claim payments under the Company&#8217;s insurance policy. Refer to &#8220;Note 8: Derivative Instruments&#8221; for a further discussion of the Company&#8217;s use of derivatives and their impact on the Company&#8217;s consolidated financial statements. In addition, the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19</div> may present additional but unknown credit risks to MBIA Corp.&#8217;s insured portfolio. Refer to &#8220;Note 1: Business Developments and Risk and Uncertainties&#8221;, for further information on <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">RMBS Case Basis Reserves (Financial Guarantees) </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The Company&#8217;s RMBS reserves and recoveries relate to financial guarantee insurance policies, excluding those on consolidated VIEs. The Company&#8217;s first-lien RMBS case basis reserves primarily relate to RMBS backed by alternative <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">A-paper</div> and subprime mortgage loans. The Company&#8217;s second-lien RMBS case basis reserves relate to RMBS backed by home equity lines of credit and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">closed-end</div> second mortgages. The Company calculated RMBS case basis reserves as of March&#160;31, 2020 for both first and second-lien RMBS transactions using a process called the Roll Rate Methodology (&#8220;Roll Rate Methodology&#8221;). The Roll Rate Methodology is a multi-step process using databases of loan level information, proprietary internal cash flow models, and commercially available models to estimate potential losses and recoveries on insured bonds. Roll Rate is defined as the probability that current loans become delinquent and subsequently default and loans in the delinquent pipeline are <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">charged-off</div> or liquidated. The loss reserve estimates are based on a probability-weighted average of three scenarios of loan losses. Additional data used for both second and first-liens include historic averages of deal specific voluntary prepayment rates, forward projections of the LIBOR interest rates, and historic averages of deal-specific loss severities. In addition, for second-lien RMBS backed by home equity lines of credit, the Company assumes a constant basis spread between Prime and LIBOR interest rates.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;">In calculating ultimate cumulative losses for RMBS, the Company estimates the amount of second-lien loans that are expected to be <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">charged-off</div> (deemed uncollectible by servicers of the transactions) and, for first-lien RMBS, the Company estimates the amount of loans that are expected to be liquidated in the future through foreclosure or short sale. The time to liquidation for a defaulted loan is specific to the loan&#8217;s delinquency bucket.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For all RMBS transactions, cash flow models consider allocations and other structural aspects and claims against MBIA Corp.&#8217;s insurance policy consistent with such policy&#8217;s terms and conditions. The estimated net claims from the procedure above are then discounted using a risk-free rate to a net present value reflecting MBIA&#8217;s general obligation to pay claims over time and not on an accelerated basis. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;">The Company monitors RMBS portfolio performance on a monthly basis against projected performance, reviewing delinquencies, roll rates, and prepayment rates (including voluntary and involuntary). However, loan performance remains difficult to predict and losses may exceed expectations. In the event of a material deviation in actual performance from projected performance, the Company would increase or decrease the case basis reserves accordingly and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">re-evaluate</div> its assumptions.</div>  <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">RMBS Recoveries </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The Company primarily records two types of recoveries related to insured RMBS exposures: excess spread that is generated from the trust structures in the insured transactions; and second-lien <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">&#8220;put-back&#8221;</div> claims related to those mortgage loans whose inclusion in an insured securitization failed to comply with representations and warranties (&#8220;ineligible loans&#8221;).</div> <div style="text-align: left; text-indent: 0%; font-family: Arial; font-size: 10pt; text-decoration: none; margin-top: 18pt; margin-bottom: 0px; margin-left: 0%;"><div style="text-decoration:underline;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Excess Spread </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">Excess spread within insured RMBS securitizations is the difference between interest inflows on mortgage loan collateral and interest outflows on the insured RMBS notes. The aggregate amount of excess spread depends on the future loss trends, which include future delinquency trends, average time to <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">charge-off/liquidate</div> delinquent loans, the future spread between Prime and the LIBOR interest rates, and borrower refinancing behavior (which may be affected by changes in the interest rate environment) that results in voluntary prepayments. Excess spread also includes subsequent recoveries on previously <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">charged-off</div> loans associated with insured second-lien RMBS securitizations.</div> <div style="text-align: left; text-indent: 0%; font-family: Arial; font-size: 10pt; text-decoration: none; margin-top: 18pt; margin-bottom: 0px; margin-left: 0%;"><div style="text-decoration:underline;display:inline;">Second-lien <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Put-Back</div> Claims Related to Ineligible Loans </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The Company has settled the majority of its <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">put-back</div> claims relating to the inclusion of ineligible loans in securitizations it insured. Only its claims against Credit Suisse remain outstanding. Credit Suisse has challenged the Company&#8217;s assessment of the ineligibility of individual mortgage loans and a trial concerning the dispute was held in July and August of 2019. While the Company&#8217;s settlement amounts on its prior <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">put-back</div> claims have been consistent with the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">put-back </div> recoveries that had been included in the Company&#8217;s financial statements at the times preceding the settlements, there can be no assurance that the Company will prevail in its litigation against Credit Suisse. However, based on the Company&#8217;s assessment of the strength of its contractual <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">put-back</div> rights against Credit Suisse, as well as on its prior settlements with other sellers/servicers and success of other monolines&#8217; <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">put-back</div> settlements, the Company believes it will prevail in enforcing its contractual rights and that it is entitled to collect the full amount of its incurred losses plus contractual interest due. The Company consolidates the RMBS securitization originated by Credit Suisse as a VIE and, therefore, eliminates its estimate of recoveries from its insurance accounting and reflects such recoveries in its accounting for the loan repurchase commitments asset of the VIE using a measurement process similar to that used for insurance accounting.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The uncertainty remaining with respect to the ultimate outcome of the litigation with Credit Suisse is contemplated in the probability-weighted scenario based-modeling the Company uses. The Credit Suisse recovery scenarios are based on certain probabilities of ultimate resolution of the dispute with Credit Suisse and the fair values are determined using discounted cash flow models. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;">The Company continues to consider relevant facts and circumstances in developing its assumptions on expected cash inflows, probability of potential recoveries (including the timing and outcome of the litigation) and recovery period. While the Company believes it will be successful in realizing its recoveries from its <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">put-back</div> contract claims against Credit Suisse, the ultimate amount recovered may be materially different from that recorded by the Company given the inherent uncertainty of the manner of resolving the claims (i.e., litigation and/or negotiated <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">out-of-court</div> settlement) and the assumptions used in the required estimation process for accounting purposes which are based, in part, on judgments and other information that are not easily corroborated by historical data or other relevant benchmarks. Refer to &#8220;Note 13: Commitments and Contingencies&#8221; for further information about the Company&#8217;s litigation with Credit Suisse.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">CDO Reserves and Recoveries </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company also has loss and loss adjustment expense (&#8220;LAE&#8221;) reserves on certain transactions within its CDO portfolio, primarily its multi-sector CDO asset class that was insured in the form of financial guarantee policies. MBIA&#8217;s insured multi-sector CDOs are transactions that include a variety of collateral ranging from corporate bonds to structured finance assets (which includes, but are not limited to, RMBS-related collateral, multi-sector and corporate CDOs). The Company&#8217;s process for estimating reserves and credit impairments on these policies is determined as the present value of the probability-weighted potential future losses, net of estimated recoveries, across multiple scenarios.&#160;The Company considers several factors when developing the range of potential outcomes and their impact on MBIA. A range of loss scenarios is considered under different default and severity rates for each transaction&#8217;s collateral.&#160;Additionally, each transaction is evaluated for its commutation potential. </div></div>  <div style="text-align: left; text-indent: 0%; font-family: Arial; font-size: 10pt; text-decoration: none; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0%;"><div style="text-decoration:underline;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Zohar Recoveries </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Corp. is seeking to recover the payments it made (plus interest and expenses) with respect to Zohar I and Zohar II. In March of 2018, the then-director of Zohar I and Zohar II placed those funds into voluntary bankruptcy proceedings in federal bankruptcy court in the District of Delaware (the &#8220;Zohar Funds Bankruptcy Cases&#8221;). In May of 2018, MBIA and certain parties to the Zohar Funds Bankruptcy Cases agreed to a stay of litigation and<div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;a</div> process, among other things (the &#8220;Zohar Bankruptcy Settlement&#8221;) by which the debtor funds, through an independent director and a chief restructuring officer, would work with the original sponsor of the funds to monetize the Zohar Assets and repay creditors, including MBIA Corp. While the stay of litigation provided for in the Zohar Bankruptcy Settlement has expired, the court ruled on September&#160;27, 2019 that the monetization process will continue, which ruling has been appealed though not stayed. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">While MBIA Corp. anticipates that the primary source of the recoveries will come from the monetization of the Zohar Assets, significant uncertainty remains with respect to realizable value. For example, on October&#160;17, 2019, one of the portfolio companies, Dura Automotive Systems, LLC, and certain of its affiliates, filed for bankruptcy protection in federal bankruptcy court in the Middle District of Tennessee (the &#8220;Dura Bankruptcy Cases&#8221;). Effective November&#160;8, 2019, the Dura Bankruptcy Cases were transferred to the District of Delaware. The Zohar debtors have substantial debt and equity interests in the Dura debtors, and any recovery on those interests is not expected to be material. In late March of 2020, the original sponsor of the Zohar Funds resigned from her role as director and manager of all the portfolio companies, except for Dura, which companies have debt and equity that comprise, in part, the Zohar Assets. New directors and managers are presently being put in place at these portfolio companies, although the Zohar Sponsor may continue to serve in some capacity at select portfolio companies until a replacement is put in place, and the monetization process remains in progress. There can be no assurance, however, that the recent coronavirus outbreak will not cause the monetization of the Zohar Assets to be delayed or impacted. Salvage and subrogation recoveries related to Zohar I and Zohar II are reported within &#8220;Insurance loss recoverable&#8221; on the Company&#8217;s consolidated balance sheet. The Company&#8217;s estimate of the insurance loss recoverable for Zohar I and Zohar II includes probability-weighted scenarios of the ultimate monetized recovery from the Zohar Assets. </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Notwithstanding the procedures agreed to in the Zohar Bankruptcy Settlement and confirmed by the court, there can be no assurance that the monetization of the Zohar Assets will yield amounts sufficient to permit MBIA Corp. to recover a substantial portion of the payments it made on Zohar I and Zohar II. Failure to recover such payments could impede MBIA Corp.&#8217;s ability to make payments when due on other policies. MBIA Corp. believes that if the NYSDFS concludes at any time that MBIA Insurance Corporation will not be able to pay its policyholder claims, the NYSDFS would likely put MBIA Insurance Corporation into a rehabilitation or liquidation proceeding under Article 74 of the NYIL and/or take such other actions as the NYSDFS may deem necessary to protect the interests of MBIA Insurance Corporation&#8217;s policyholders. The determination to commence such a proceeding or take other such actions is within the exclusive control of the NYSDFS. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Summary of Loss and LAE Reserves and Recoveries </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company&#8217;s loss and LAE reserves and recoveries before consolidated VIE eliminations, along with amounts that were eliminated as a result of consolidating VIEs for the international and structured finance insurance segment, which are included in the Company&#8217;s consolidated balance sheets as of March&#160;31, 2020 and December&#160;31, 2019 are presented in the following table: </div></div>
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<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">As of March&#160;31, 2020</div></div> </td>
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<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">As of December&#160;31, 2019</div></div> </td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Balance&#160;Sheet&#160;Line&#160;Item</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Balance&#160;Sheet&#160;Line&#160;Item</div></div> </td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Insurance<br/> loss<br/> recoverable</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Loss&#160;and<br/> LAE<br/> reserves<br/> <div style="font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;">(2)</div></div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Insurance<br/> loss<br/> recoverable</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Loss and<br/> LAE<br/> reserves&#160;<div style="font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;">(2)</div></div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; font-weight: normal; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">U.S. Public Finance Insurance</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">954</div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">451</div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">911</div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">432</div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 0in; text-align: left; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;width:100%;">International and Structured Finance Insurance:</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Before VIE eliminations<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(1)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,181</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">799</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,286</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">749</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">VIE eliminations<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(1)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(528</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(284</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(503</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(280</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total international and structured finance insurance</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">653</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">515</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">783</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">469</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; font-weight: normal; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Total</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,607</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">966</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,694</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">901</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="text-align: center;"> <div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> </div>
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<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Includes loan repurchase commitments of $506&#160;million and $486&#160;million as of March&#160;31, 2020 and December&#160;31, 2019, respectively.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="margin-top: 6pt; margin-bottom: 0px;"/>
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<td style="width: 3%; vertical-align: top; white-space: nowrap;">(2)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Amounts are net of expected recoveries.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Changes in Loss and LAE Reserves </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The following table presents changes in the Company&#8217;s loss and LAE reserves for the three months ended March&#160;31, 2020. Changes in loss reserves attributable to the accretion of the claim liability discount, changes in discount rates, changes in amount and timing of estimated claim payments and estimated recoveries on such claims, changes in assumptions and changes in LAE reserves are recorded in &#8220;Losses and loss adjustment&#8221; expenses in the Company&#8217;s consolidated statements of operations. As of March&#160;31, 2020, the weighted average risk-free rate used to discount the Company&#8217;s loss reserves (claim liability) was 0.73%. LAE reserves are generally expected to be settled within a <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">one-year </div> period and are not discounted. As of March&#160;31, 2020 and December&#160;31, 2019 the Company&#8217;s gross loss and LAE reserves included $35&#160;million and $34&#160;million, respectively, related to LAE.</div>
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<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions </div></div></div> </td>
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<td colspan="22" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Changes in Loss and LAE Reserves for the Three Months Ended March&#160;31, 2020 </div></div></div> </td>
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<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
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<td colspan="2" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Gross Loss<br/> and LAE<br/> Reserves&#160;as&#160;of<br/> December&#160;31,<br/> 2019<div style="font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;">(1)</div></div></div></div> </td>
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<td colspan="2" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Loss<br/> Payments </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
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<td colspan="2" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Accretion<br/> of Claim<br/> Liability<br/> Discount </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
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<td colspan="2" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Changes&#160;in<br/> Discount<br/> Rates </div></div></div> </td>
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<td colspan="2" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Changes in<br/> Assumptions </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
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<td colspan="2" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Changes&#160;in<br/> Unearned<br/> Premium<br/> Revenue </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
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<td colspan="2" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Other </div></div></div> </td>
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<td colspan="2" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Gross Loss<br/> and LAE<br/> Reserves&#160;as&#160;of<br/> March&#160;31,<br/> 2020<div style="font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;">(1)</div></div></div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">901 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(68</div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">222 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6 </div></div> </td>
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<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Amounts are net of expected recoveries of unpaid claims.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The increase in the Company&#8217;s loss reserves for the three months ended March&#160;31, 2020, primarily related to increases in insured first-lien RMBS transactions due to the decline in risk-free rates during the quarter used to present value loss reserves and an increase in expected payments on certain Puerto Rico exposures. This was partially offset by a decrease in reserves due a decline in risk-free rates used to present value loss reserves and actual payments made on certain Puerto Rico exposures. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Changes in Insurance Loss Recoverable </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Insurance loss recoverable represents the Company&#8217;s estimate of recoveries on paid claims and LAE. The Company recognizes potential recoveries on paid claims based on the probability-weighted net cash inflows present valued at applicable risk-free rates as of the measurement date. The following table presents changes in the Company&#8217;s insurance loss recoverable for the three months ended March&#160;31, 2020. Changes in insurance loss recoverable attributable to the accretion of the discount on the recoverable, changes in discount rates, changes in amount and timing of estimated collections, changes in assumptions and changes in LAE recoveries are recorded in &#8220;Losses and loss adjustment&#8221; expenses in the Company&#8217;s consolidated statements of operations. </div></div>
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<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="18" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Changes in Insurance Loss Recoverable</div></div> </td>
<td>&#160;</td>
<td>&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="18" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">for the Three Months Ended March&#160;31, 2020</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:6pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Gross<br/> Reserve as of<br/> December&#160;31,<br/> 2019</div></div> </td>
<td style="white-space: nowrap; vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Collections<br/> for Cases</div></div> </td>
<td style="white-space: nowrap; vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Accretion<br/> of<br/> Recoveries</div></div> </td>
<td style="white-space: nowrap; vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Changes&#160;in<br/> Discount<br/> Rates</div></div> </td>
<td style="white-space: nowrap; vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: bold; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Changes in<br/> <div style="font-weight: normal; font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assumptions</div></div><div style="font-weight: normal; font-style: normal; font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;">(1)</div></div> </td>
<td style="white-space: nowrap; vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: bold; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight: normal; font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Other</div></div><div style="font-weight: normal; font-style: normal; font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;">(2)</div></div> </td>
<td style="white-space: nowrap; vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Gross<br/> Reserve<br/> as of<br/> March&#160;31,<br/> 2020</div></div> </td>
<td style="white-space: nowrap; vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:6pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Insurance loss recoverable</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,694</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(8</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">157</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(241</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(2</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,607</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
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<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
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<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
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<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
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<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="text-align: center;"> <div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> </div>
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<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Includes amounts related to paid claims and LAE that are expected to be recovered in the future.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(2)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Primarily changes in amount and timing of collections.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The decrease in the Company&#8217;s insurance loss recoverable reflected in the preceding table was primarily due to a decline in expected recoveries on CDOs partially offset by increases in insurance loss recoverables on certain Puerto Rico exposures and RMBS transactions due to a decline in risk-free rates during the three months ended March&#160;31, 2020. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Loss and LAE Activity </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For the three months ended March&#160;31, 2020, loss and LAE incurred primarily related to a decrease in expected salvage collections related to CDOs as well as declines in the risk-free rates during the quarter which increased the present value of the loss reserves, primarily related to first-lien RMBS transactions. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For the three months ended March&#160;31, 2019, the benefit to losses and LAE primarily related to an increase in expected recoveries on Puerto Rico exposures partially offset by incurred losses related to first-lien RMBS transactions. </div></div>  <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Costs associated with remediating insured obligations assigned to the Company&#8217;s surveillance categories are recorded as LAE and are included in &#8220;Losses and loss adjustment&#8221; expenses on the Company&#8217;s consolidated statements of operations. For the three months ended March&#160;31, 2020 and 2019, gross LAE related to remediating insured obligations were $9&#160;million and $1&#160;million, respectively. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Surveillance Categories </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table provides information about the financial guarantees and related claim liability included in each of MBIA&#8217;s surveillance categories as of March&#160;31, 2020: </div></div>
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<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:83%;">&#160;</td>
<td style="width:1%;">&#160;</td>
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<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="18" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Surveillance Categories</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">$ in millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Caution<br/> List<br/> Low</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Caution<br/> List<br/> Medium</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Caution<br/> List<br/> High</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Classified<br/> List</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Total</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Number of policies</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">42</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">18</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">219</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">279</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Number of issues<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (1)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">12</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">5</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">99</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">116</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Remaining weighted average contract period (in years)</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">6.6</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7.1</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7.7</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7.4</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Gross insured contractual payments outstanding:<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (2)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Principal</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,192</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">224</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">3,736</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">5,152</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Interest</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,914</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">99</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,566</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">3,579</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 5em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">3,106</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">323</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">5,302</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">8,731</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Gross Claim Liability<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (3)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,068</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,068</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Less:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Gross Potential Recoveries<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (4)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,781</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,781</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Discount, net<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (5)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(91</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(91</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Net claim liability (recoverable)</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(622</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(622</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Unearned premium revenue</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">6</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">3</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">38</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">47</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Reinsurance recoverable on paid and unpaid losses<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (6)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">13</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="text-align: center;"> <div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> </div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">An &#8220;issue&#8221; represents the aggregate of financial guarantee policies that share the same revenue source for purposes of making debt service payments on the insured debt.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="margin-top: 6pt; margin-bottom: 0px;"/>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(2)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Represents contractual principal and interest payments due by the issuer of the obligations insured by MBIA.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="margin-top: 6pt; margin-bottom: 0px;"/>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(3)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">The gross claim liability with respect to Puerto Rico exposures are net of expected recoveries for policies in a net payable position.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="margin-top: 6pt; margin-bottom: 0px;"/>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(4)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Gross potential recoveries with respect to certain Puerto Rico exposures are net of the claim liability for policies in a net recoverable position.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="margin-top: 6pt; margin-bottom: 0px;"/>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(5)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Represents discount related to Gross Claim Liability and Gross Potential Recoveries.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="margin-top: 6pt; margin-bottom: 0px;"/>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(6)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Included in &#8220;Other assets&#8221; on the Company&#8217;s consolidated balance sheets.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table provides information about the financial guarantees and related claim liability included in each of MBIA&#8217;s surveillance categories as of December&#160;31, 2019: </div></div>
<table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:83%;">&#160;</td>
<td style="width:1%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:1%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:1%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:1%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:1%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="18" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Surveillance Categories</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">$ in millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Caution<br/> List<br/> Low</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Caution<br/> List<br/> Medium</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Caution<br/> List<br/> High</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Classified<br/> List</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Total</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Number of policies</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">45</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">19</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">212</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">276</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Number of issues<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (1)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">13</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">5</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">94</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">112</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Remaining weighted average contract period (in years)</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7.3</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7.2</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7.9</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7.7</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Gross insured contractual payments outstanding:<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (2)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Principal</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,546</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">248</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">3,794</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">5,588</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Interest</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2,107</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">110</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,668</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">3,885</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 4em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">3,653</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">358</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">5,462</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">9,473</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Gross Claim Liability<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (3)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">965</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">965</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Less:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Gross Potential Recoveries<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (4)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2,184</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2,184</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Discount, net<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (5)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(453</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(453</div> </td>
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<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
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<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
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<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Net claim liability (recoverable)</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(766</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(766</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Unearned premium revenue</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">6</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">3</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">39</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">48</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Reinsurance recoverable on paid and unpaid losses<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (6)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">19</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="text-align: center;"> <div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> </div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">An &#8220;issue&#8221; represents the aggregate of financial guarantee policies that share the same revenue source for purposes of making debt service payments on the insured debt.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="margin-top: 6pt; margin-bottom: 0px;"/>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(2)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Represents contractual principal and interest payments due by the issuer of the obligations insured by MBIA.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="margin-top: 6pt; margin-bottom: 0px;"/>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(3)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">The gross claim liability with respect to Puerto Rico exposures are net of expected recoveries for policies in a net payable position.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="margin-top: 6pt; margin-bottom: 0px;"/>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(4)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Gross potential recoveries with respect to certain Puerto Rico exposures are net of the claim liability for policies in a net recoverable position.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="margin-top: 6pt; margin-bottom: 0px;"/>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(5)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Represents discount related to Gross Claim Liability and Gross Potential Recoveries.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="margin-top: 6pt; margin-bottom: 0px;"/>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(6)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Included in &#8220;Other assets&#8221; on the Company&#8217;s consolidated balance sheets.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <span></span>
</td>
</tr>
</table>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 40<br> -URI http://asc.fasb.org/subtopic&amp;trid=2560295<br></p></div>
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6662316784">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Income Taxes<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
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<tr><th class="th"><div>Mar. 31, 2020</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxDisclosureTextBlock', window );">Income Taxes</a></td>
<td class="text"><div id="toc893688_17" style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 9: Income Taxes </div></div></div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company&#8217;s income taxes and the related effective tax rates for the three months ended March&#160;31, 2020 and 2019 are as follows: </div></div>
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<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="7" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"><div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Three&#160;Months&#160;Ended&#160;March&#160;31, </div></div></div></td></tr>
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<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"><div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions </div></div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"><div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2020 </div></div></div></td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"><div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2019 </div></div></div></td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td></tr>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"><div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Income (loss) before income taxes </div></div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(333</div></div></td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(19</div></div></td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td></tr>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"><div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Provision (benefit) for income taxes </div></div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div></td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2 </div></div></td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"><div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Effective tax rate </div></div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.0% </div></div></td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-10.5% </div></div></td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td></tr></table><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For the three months ended March&#160;31, 2020 and 2019, the Company&#8217; effective tax rate applied to its loss before income taxes was lower than the U.S. statutory tax rate due to the full valuation allowance on the changes in its net deferred tax asset.&#160;</div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Deferred Tax Asset, Net of Valuation Allowance </div></div></div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The Company assesses the available positive and negative evidence to estimate whether sufficient future taxable income will be generated to permit use of its existing deferred tax assets. A significant piece of objective negative evidence evaluated was the Company having a three-year cumulative loss. Such objective evidence limits the ability to consider other subjective evidence, such as the Company&#8217;s projections of <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">pre-tax</div> income. On the basis of this evaluation, the Company has recorded a full valuation allowance against its net deferred tax asset of $923&#160;million and $873&#160;million as of March&#160;31, 2020 and December&#160;31, 2019, respectively. The Company will continue to analyze the valuation allowance on a quarterly basis.</div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net operating losses (&#8220;NOLs&#8221;) of property and casualty insurance companies are permitted to be carried back two years and carried forward 20 years, except where modified by the CARES Act as outlined below. NOLs of property and casualty insurance companies are not subject to the 80 percent taxable income limitation and indefinite lived carryforward period required by the Tax Cuts and Jobs Act applicable to general corporate NOLs.</div></div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Accounting for Uncertainty in Income Taxes </div></div></div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company&#8217;s policy is to record and disclose any change in unrecognized tax benefit (&#8220;UTB&#8221;) and related interest and/or penalties to income tax in the consolidated statements of operations. The Company includes interest as a component of income tax expense. As of March&#160;31, 2020 and December&#160;31, 2019, the Company had no UTB. </div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Federal income tax returns through 2011 have been examined or surveyed. As of March&#160;31, 2020, the Company&#8217;s NOL is approximately $3.1&#160;billion. NOLs generated prior to tax reform and property and casualty NOLs generated after tax reform will expire between tax years 2032 through 2040. As of March&#160;31, 2020, the Company has a foreign tax credit carryforward of $61&#160;million, which will expire between tax years 2020 through 2030. As of March&#160;31, 2020, the Company has an alternative minimum tax (&#8220;AMT&#8221;) credit of $12.7&#160;million. As a result of the CARES Act, the remaining AMT credit will be refunded during calendar year 2020. The AMT credit refundable to the Company is included in &#8220;Other assets&#8221; of the Company&#8217;s consolidated balance sheet. </div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Section&#160;382 of the Internal Revenue Code </div></div></div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">On May&#160;2, 2018, MBIA Inc.&#8217;s shareholders ratified an amendment to the Company&#8217;s <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">By-Laws,</div> which had been adopted earlier by MBIA Inc.&#8217;s Board of Directors. The amendment places restrictions on certain acquisitions of Company stock that otherwise may have increased the likelihood of an ownership change within the meaning of Section&#160;382 of the Internal Revenue Code. With certain exceptions, the amendment generally prohibits a person from becoming a &#8220;Section&#160;382 five-percent shareholder&#8221; by acquiring, directly or by attribution, 5% or more of the outstanding shares of the Company&#8217;s common stock.</div><div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Coronavirus Aid, Relief, and Economic Security Act </div></div></div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">On March&#160;27, 2020, as part of the business stimulus package in response to <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19</div> pandemic, the U.S. government enacted the Coronavirus Aid, Relief, and Economic Security (&#8220;CARES&#8221;) Act. The CARES Act established new tax provisions including, but not limited to: (1)&#160;five-year carryback of NOLs generated in 2018, 2019 and 2020; (2) accelerated refund of AMT credit carryforwards; and (3)&#160;retroactive changes to allow accelerated depreciation for certain depreciable property. The legislation does not have a material impact on the Company&#8217;s tax positions due to the lack of taxable income in the carryback periods. The Company expects to receive a cash benefit for its remaining AMT credits in 2020 as provided by the CARES Act.</div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -URI http://asc.fasb.org/topic&amp;trid=2144680<br></p></div>
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6760759648">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Recent Accounting Pronouncements (Narrative) (Detail) - USD ($)<br> $ / shares in Units, $ in Millions</strong></div></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jan. 01, 2020</div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
<th class="th"><div>Mar. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Income Tax Expense (Benefit)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 2<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net Income (Loss) Attributable to Parent</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">$ (333)<span></span>
</td>
<td class="num">(21)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_RestatementAxis=srt_ScenarioPreviouslyReportedMember', window );">Previously Reported [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Income Tax Expense (Benefit)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(2)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net Income (Loss) Attributable to Parent</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">$ (17)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareBasicAndDiluted', window );">Earnings Per Share, Basic and Diluted</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">$ (0.20)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProspectiveAdoptionOfNewAccountingPronouncementsAxis=us-gaap_AccountingStandardsUpdate201613Member', window );">ASU 2016-13 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CumulativeEffectOnRetainedEarningsNetOfTax1', window );">Cumulative-effect adjustment, net of tax</a></td>
<td class="nump">$ 42<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProspectiveAdoptionOfNewAccountingPronouncementsAxis=mbi_AccountingStandardsUpdate201912Member', window );">ASU 2019-12 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Income Tax Expense (Benefit)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 2<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net Income (Loss) Attributable to Parent</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">$ (21)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareBasicAndDiluted', window );">Earnings Per Share, Basic and Diluted</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">$ (0.24)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of the cumulative effect on retained earnings net of related income tax effect.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22663-107794<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements.  Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period.  Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=117326831&amp;loc=d3e1337-109256<br></p></div>
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<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (h)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 20<br> -Section 45<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=109238882&amp;loc=d3e38679-109324<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669619-108580<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637391&amp;loc=SL114874048-224260<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669625-108580<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(18))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637232&amp;loc=SL114874131-224263<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(20))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br><br>Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br></p></div>
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6862690480">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Earnings Per Share (Tables)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
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<tr><th class="th"><div>Mar. 31, 2020</div></th></tr>
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<td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="7" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Three&#160;Months&#160;Ended&#160;March&#160;31, </div></div></div> </td> </tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions except per share amounts </div></div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;2020&#160;&#160;&#160;&#160;</div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;2019&#160;&#160;&#160;&#160;</div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Basic earnings per share: </div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net income (loss) available to common shareholders </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(333</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(21</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Basic weighted average shares<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (1)</div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">72.1 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">85.6 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net income (loss) per basic common share </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4.62</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(0.24</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Diluted earnings per share: </div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net income (loss) available to common shareholders </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(333</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(21</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Diluted weighted average shares<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (1)</div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">72.1 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">85.6 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net income (loss) per diluted common share </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4.62</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(0.24</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Potentially dilutive securities excluded from the calculation of diluted EPS because of antidilutive affect </div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.9 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.5 </div></div> </td>
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<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Includes 0.9&#160;million of participating securities that met the service condition and were eligible to receive nonforfeitable dividends or dividend equivalents for each of the three months ended March&#160;31, 2020 and 2019, respectively.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6868133648">
<tr>
<th class="tl" colspan="2" rowspan="1"><div style="width: 200px;"><strong>Loss And Loss Adjustment Expense Reserves (Schedule Of Losses And Loss Adjustment Expenses Reserves and Recoveries) (Detail) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ClaimLiabilityAxis=mbi_LossAndLaeReservesMember', window );">Loss And Lae Reserves [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseReservesLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense', window );">Loss and loss adjustment expense reserves</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1],[2]</sup></td>
<td class="nump">$ 966<span></span>
</td>
<td class="nump">$ 901<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ClaimLiabilityAxis=mbi_InsuranceLossRecoverableMember', window );">Insurance Loss Recoverable [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseReservesLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InsuranceLossRecoverable', window );">Insurance Loss Recoverable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,607<span></span>
</td>
<td class="nump">1,694<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember', window );">Variable Interest Entity Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseReservesLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LoanRepurchaseCommitments', window );">Loan repurchase commitments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">506<span></span>
</td>
<td class="nump">486<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidatedEntitiesAxis=srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember', window );">Non Variable Interest Entity [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseReservesLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InsuranceLossRecoverable', window );">Insurance Loss Recoverable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,607<span></span>
</td>
<td class="nump">1,694<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense', window );">Loss and loss adjustment expense reserves</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">966<span></span>
</td>
<td class="nump">901<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember', window );">U S Public Finance Insurance [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseReservesLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InsuranceLossRecoverable', window );">Insurance Loss Recoverable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">954<span></span>
</td>
<td class="nump">911<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense', window );">Loss and loss adjustment expense reserves</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">451<span></span>
</td>
<td class="nump">432<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=mbi_InternationalAndStructuredFinanceInsuranceMember', window );">International And Structured Finance Insurance [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseReservesLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InsuranceLossRecoverable', window );">Insurance Loss Recoverable</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="nump">1,181<span></span>
</td>
<td class="nump">1,286<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense', window );">Loss and loss adjustment expense reserves</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2],[3]</sup></td>
<td class="nump">799<span></span>
</td>
<td class="nump">749<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=mbi_InternationalAndStructuredFinanceInsuranceMember', window );">International And Structured Finance Insurance [Member] | Variable Interest Entity Primary Beneficiary [Member] | Loan Repurchase Commitments [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseReservesLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LoanRepurchaseCommitments', window );">Loan repurchase commitments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">506<span></span>
</td>
<td class="nump">486<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=mbi_InternationalAndStructuredFinanceInsuranceMember', window );">International And Structured Finance Insurance [Member] | Non Variable Interest Entity [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseReservesLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InsuranceLossRecoverable', window );">Insurance Loss Recoverable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">653<span></span>
</td>
<td class="nump">783<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense', window );">Loss and loss adjustment expense reserves</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">515<span></span>
</td>
<td class="nump">469<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ConsolidationAxis=srt_ConsolidationEliminationsMember', window );">Consolidation Elimination [Member] | International And Structured Finance Insurance [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseReservesLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InsuranceLossRecoverable', window );">Insurance Loss Recoverable</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="num">(528)<span></span>
</td>
<td class="num">(503)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense', window );">Loss and loss adjustment expense reserves</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2],[3]</sup></td>
<td class="num">$ (284)<span></span>
</td>
<td class="num">$ (280)<span></span>
</td>
</tr>
<tr><td colspan="3"></td></tr>
<tr><td colspan="3"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">Amounts are net of expected recoveries of unpaid claims.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top">Amounts are net of expected recoveries.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[3]</td>
<td style="vertical-align: top;" valign="top">Includes loan repurchase commitments of $506 million and $486 million as of March 31, 2020 and December 31, 2019, respectively.</td>
</tr>
</table></td></tr>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_InsuranceLossRecoverable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount as of the balance sheet date of paid insurance policy claims and LAE expense expected to be recovered.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_InsuranceLossRecoverable</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_LoanRepurchaseCommitments">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The fair value of financial instruments that represent the right of the Trust against the seller/servicer for loans that were not compliant with the representations and warranties of the loan underwriting. The Trust has the right to demand that the transferor replace ineligible loans with a compliant loan or repurchase the non-compliant loan.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount needed to reflect the estimated ultimate cost of settling claims relating to insured events that have occurred on or before the balance sheet date, whether or not reported to the insurer at that date.</p></div>
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    <us-gaap:NatureOfOperations contextRef="P01_01_2020To03_31_2020">&lt;div id="toc893688_9" style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Note 1: Business Developments and Risks and Uncertainties &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Summary &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;MBIA Inc., together with its consolidated subsidiaries, (collectively, &#x201c;MBIA&#x201d; or the &#x201c;Company&#x201d;) operates within the financial guarantee insurance industry. MBIA manages three operating segments: 1) United States (&#x201c;U.S.&#x201d;) public finance insurance; 2) corporate; and 3) international and structured finance insurance. The Company&#x2019;s U.S. public finance insurance business is managed through National Public Finance Guarantee Corporation (&#x201c;National&#x201d;), the corporate segment is operated through MBIA Inc. and several of its subsidiaries, including its service company, MBIA Services Corporation (&#x201c;MBIA Services&#x201d;) and its international and structured finance insurance business is primarily operated through MBIA Insurance Corporation and its subsidiaries (&#x201c;MBIA Corp.&#x201d;). &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Refer to &#x201c;Note 10: Business Segments&#x201d; for further information about the Company&#x2019;s operating segments. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Business Developments &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Puerto Rico &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;On January&#160;1, 2020, the Commonwealth of Puerto Rico and certain of its instrumentalities (&#x201c;Puerto Rico&#x201d;) defaulted on scheduled debt service for National insured bonds and National paid gross claims in the aggregate of $59&#160;million. As of March&#160;31, 2020, National had $3.3&#160;billion of debt service outstanding related to Puerto Rico. Refer to the &#x201c;Risks and Uncertainties&#x201d; section below for additional information on the Company&#x2019;s Puerto Rico exposures. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; text-indent: 0%; font-family: Arial; font-size: 10pt; text-decoration: none; margin-top: 18pt; margin-bottom: 0px; margin-left: 0%;"&gt;&lt;div style="text-decoration:underline;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;PREPA RSA &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;In September of 2019, National agreed to join the restructuring support agreement, as amended (&#x201c;RSA&#x201d;), with the Puerto Rico Electric Power Authority (&#x201c;PREPA&#x201d;), other monoline insurers, a group of uninsured PREPA bondholders, Puerto Rico, and the Financial Oversight and Management Board for Puerto Rico (the &#x201c;Oversight Board&#x201d;). The Rule 9019 hearing to approve the RSA has been delayed several times, and most recently was adjourned due to the outbreak of the novel coronavirus &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;COVID-19&lt;/div&gt; &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(&#x201c;COVID-19&#x201d;)&lt;/div&gt; until further notice. The Oversight Board and the Commonwealth have been ordered to submit a status report to the Title III court on May&#160;15, 2020. The debt restructuring contemplated by the RSA will not be effective until (i)&#160;confirmation of a plan of adjustment under the Puerto Rico Oversight, Management and Economic Stability Act (&#x201c;PROMESA&#x201d;), (ii) negotiation and consummation of definitive documentation and legal opinions, (iii)&#160;enactment and implementation of supportive Puerto Rico legislation and (iv)&#160;receipt of Puerto Rico regulatory approval, each of which outcome is uncertain and subject to varying degrees of risk.&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Risks and Uncertainties &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The Company&#x2019;s financial statements include estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses. The outcome of certain significant risks and uncertainties could cause the Company to revise its estimates and assumptions or could cause actual results to differ materially from the Company&#x2019;s estimates. The discussion below highlights the significant risks and uncertainties that could have a material effect on the Company&#x2019;s financial statements and business objectives in future periods. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;COVID-19 &lt;/div&gt; &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;COVID-19,&lt;/div&gt; a respiratory disease caused by a new strain of coronavirus, was declared a pandemic by the World Health Organization in March of 2020 and has spread globally. The pandemic has affected a wide range of economic activities, as well as domestic and global business and financial markets. The outbreak and its attendant governmental policy and social responses are evolving rapidly. Many states and municipalities have enacted various quarantining and &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#x201c;shelter-in-place&#x201d;&lt;/div&gt; regulations which severely limit economic activity and travel. The Company continues to perform all of its traditional operations, including surveilling and, as necessary, remediating, the credits in its insured portfolios.&lt;/div&gt; &lt;div style="text-align: left; text-indent: 0%; font-family: Arial; font-size: 10pt; text-decoration: none; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0%;"&gt;&lt;div style="text-decoration:underline;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Insured portfolios &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;At this time it is not possible to comprehensively quantify the financial impact of the pandemic on the Company&#x2019;s operating insurance companies&#x2019; overall insured portfolios, or to account for the impact of the outbreak on most of the specific credits within those portfolios, due to, in part, challenges in determining whether and to what extent the underlying credits will be able or willing to continue to meet their debt service obligations or avoid long term impairment in this environment. Adverse impacts on macroeconomic factors resulting from the spread of &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;COVID-19,&lt;/div&gt; including without limitation reduced economic activity and certainty, increased unemployment, increased loan defaults or delinquencies, and increased stress on municipal budgets, including due to reduced tax revenues and the ability to raise taxes or limit spending, could materially and adversely affect the performance of the Company&#x2019;s insured portfolios. The impact of the pandemic on National&#x2019;s financial guarantee credits is likely to vary based on the nature of the taxes, fees and revenues pledged to debt repayment and their sensitivity to the related slowdown in economic activity. Several of the credits within National&#x2019;s insured portfolio have made public pronouncements that the pandemic has had an impact on their economic status, without yet providing any specific quantification of the impact. The duration of the pandemic, the availability of federal aid to state and local governments, and the breadth and speed of economic recovery may all contribute to the ultimate degree and length of the economic stress incurred by the credits in National&#x2019;s and MBIA Corp.&#x2019;s insured portfolios. Further, any national recession that may result from the pandemic and its aftermath could present additional but yet unknown credit risks to National&#x2019;s and MBIA Corp.&#x2019;s insured portfolios.&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Federal legislation passed to combat the economic impact of the pandemic, principally the $2.2 trillion Coronavirus Aid, Relief, and Economic Security (&#x201c;CARES&#x201d;) Act, and an additional nearly $500&#160;billion approved by Congress and the President in late April of 2020, included significant aid to public sector issuers including states, territories, healthcare, higher education and transportation issuers. In addition, the Federal Reserve has announced several actions in furtherance of its mandate from Congress to promote the stability of the financial system that are directly supportive of the municipal market. It is premature to assess whether these or any subsequent federal responses will prevent or reduce financial distress in the municipal sector. If the issuers of the obligations in National&#x2019;s insured portfolio, including Puerto Rico, are unable to raise taxes, reduce spending, or receive federal assistance, the Company may experience new or additional losses or impairments on those obligations, which could materially and adversely affect its business, financial condition and financial results. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Certain of MBIA Corp.&#x2019;s structured finance policies, including those in which the underlying principal obligations are comprised of residential or commercial mortgages and mortgage-backed securities (&#x201c;MBS&#x201d;), could be negatively impacted by delays or failures of borrowers to make payments of principal and interest when due, or delays or moratoriums on foreclosures or enforcement actions with respect to delinquent or defaulted mortgages imposed by governmental authorities. MBIA Corp. has recorded significant loss reserves on its residential mortgage-backed securities (&#x201c;RMBS&#x201d;) and collateralized debt obligations (&#x201c;CDO&#x201d;) exposures, and there can be no assurance that these reserves will be sufficient if the pandemic causes further deterioration to the economy. These transactions are also subject to servicer risks, which relate to problems with the transaction&#x2019;s servicer that could adversely impact performance of the underlying assets. Additionally, several of the Company&#x2019;s credits, particularly within its international public finance sector, feature large, near term debt-service payments, and there can be no assurance that the liquidity position of MBIA Corp. will enable it to satisfy any claims that arise if the issuers of such credits are unable or unwilling to refinance or repay their obligations. MBIA Corp. has recorded substantial expected recoveries on certain RMBS transactions, and the forbearance options available under the CARES Act for mortgage borrowers who are facing financial difficulties, may delay or impair collections on these recoveries. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; text-indent: 0%; font-family: Arial; font-size: 10pt; text-decoration: none; margin-top: 18pt; margin-bottom: 0px; margin-left: 0%;"&gt;&lt;div style="text-decoration:underline;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Liquidity &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;The Company continues to monitor its cash and liquid asset resources using cash forecasting and stress-scenario testing. Members of the Company&#x2019;s senior management meet regularly to review liquidity metrics, discuss contingency plans and establish target liquidity levels. It remains premature to predict the full impact the pandemic may have on the Company&#x2019;s future liquidity position and needs. Declines in the market value or rating eligibility of assets pledged against the Company&#x2019;s obligations as a result of credit market deterioration caused by &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;COVID-19&lt;/div&gt; require additional eligible assets to be pledged in order to meet minimum required collateral amounts against these obligations. This could require the Company to sell assets, potentially with substantial losses or use free cash or other assets to meet the collateral requirements, thus negatively impacting the Company&#x2019;s liquidity position. Associated declines in the yields in its insurance companies&#x2019; fixed-income portfolios could materially impact investment income.&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;U.S. Public Finance Market Conditions &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;National continues to monitor and remediate its existing insured portfolio and may also pursue strategic alternatives that could enhance shareholder value. Certain state and local governments and territory obligors that National insures are under financial and budgetary stress. This could lead to an increase in defaults by such entities on the payment of their obligations and losses or impairments on a greater number of National&#x2019;s insured transactions. National monitors and analyzes these situations and other stressed credits closely, and the overall extent and duration of this stress is uncertain. &lt;/div&gt;&lt;/div&gt;  &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Puerto Rico had been experiencing significant fiscal stress and constrained liquidity, and in response, the U.S. Congress passed PROMESA, which established an independent Oversight Board vested with the sole power to certify fiscal plans for Puerto Rico. Any current proposed or contemplated plan, including any revisions thereto, can provide no assurance that National will fully recover past amounts paid or future amounts that may be covered under its insurance policies. In addition, the extent and duration of any federal aid that may be offered to Puerto Rico is inherently uncertain, and the necessary and greater involvement of the federal government, through its actions to deliver disaster relief and other support services, in addition to the role of the Oversight Board and the role of Puerto Rico in its own recovery, heightens political risk in connection with the restructuring of legacy debt. This risk could lead the Oversight Board, Puerto Rico or the federal government to seek to extract greater concessions from creditors based on the uncertainty of Puerto Rico&#x2019;s long term recovery prospects. In this event, losses at National on select Puerto Rico exposures could increase materially. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;MBIA Corp. Insured Portfolio &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;MBIA Corp.&#x2019;s primary objectives are to satisfy all claims by its policyholders and to maximize future recoveries, if any, for its senior lending and surplus note holders, and then its preferred stock holders. MBIA Corp. is executing this strategy by, among other things, pursuing various actions focused on maximizing the collection of recoveries and by reducing potential losses on its insurance exposures. MBIA Corp.&#x2019;s insured portfolio performance could deteriorate and result in additional significant loss reserves and claim payments. MBIA Corp.&#x2019;s ability to meet its obligations is limited by available liquidity and its ability to secure additional liquidity through financing and other transactions. There can be no assurance that MBIA Corp. will be successful in generating sufficient resources to meet its obligations. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; text-indent: 0%; font-family: Arial; font-size: 10pt; text-decoration: none; margin-top: 18pt; margin-bottom: 0px; margin-left: 0%;"&gt;&lt;div style="text-decoration:underline;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Zohar and RMBS Recoveries &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;Payment of claims on MBIA Corp.&#x2019;s policies insuring the Class&lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;A-1&lt;/div&gt; and &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;A-2&lt;/div&gt; notes issued by Zohar CDO &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2003-1,&lt;/div&gt; Limited (&#x201c;Zohar I&#x201d;) and Zohar II &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2005-1,&lt;/div&gt; Limited (&#x201c;Zohar II&#x201d;), entitles MBIA Corp. to reimbursement of such amounts plus interest and expenses and/or to exercise certain rights and remedies to seek recovery of such amounts. MBIA Corp. anticipates that the primary source of the recoveries will come from the monetization of the assets of Zohar I and Zohar II (the &#x201c;Zohar Assets&#x201d;), which include, among other things, loans made to, and equity interests in, companies that, until late March 2020, were purportedly controlled and managed by the sponsor and former collateral manager of Zohar I and Zohar II (the &#x201c;Zohar Sponsor&#x201d;). In late March 2020, the Zohar Sponsor resigned as director and manager of all but one portfolio company, and Zohar I and Zohar II have nominated or elected, or are in talks regarding the engagement of, new directors and managers at these portfolio companies, although the Zohar Sponsor may continue to serve in some capacity at select portfolio companies until a replacement is put in place. There can be no assurance that the monetization of the Zohar Assets will yield amounts sufficient to permit MBIA Corp. to recover a substantial portion of the payments it made on Zohar I and Zohar II. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;MBIA Corp. also projects to collect excess spread from insured RMBS, and to recover proceeds from Credit Suisse Securities (USA) LLC and DLJ Mortgage Capital, Inc. (collectively, &#x201c;Credit Suisse&#x201d;) arising from its failure to repurchase ineligible loans that were included in a Credit Suisse sponsored RMBS transaction. However, the amount and timing of these recoveries and collections are uncertain. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Failure to collect its expected recoveries could impede MBIA Corp.&#x2019;s ability to make payments when due on other policies. MBIA Corp. believes that if the New York State Department of Financial Services (&#x201c;NYSDFS&#x201d;) concludes at any time that MBIA Insurance Corporation will not be able to pay its policyholder claims, the NYSDFS would likely put MBIA Insurance Corporation into a rehabilitation or liquidation proceeding under Article 74 of the New York Insurance Law (&#x201c;NYIL&#x201d;) and/or take such other actions as the NYSDFS may deem necessary to protect the interests of MBIA Insurance Corporation&#x2019;s policyholders. The determination to commence such a proceeding or take other such actions is within the exclusive control of the NYSDFS. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Given the separation of MBIA Inc. and MBIA Corp. as distinct legal entities, the absence of any cross defaults between the entities and the lack of reliance by MBIA Inc. on MBIA Corp. for dividends, the Company does not believe that a rehabilitation or liquidation proceeding with respect to MBIA Insurance Corporation would have any significant liquidity impact on MBIA Inc. Such a proceeding could have material adverse consequences for MBIA Corp., including the termination of insured credit default swaps (&#x201c;CDS&#x201d;) and other derivative contracts for which counterparties may assert market-based claims, the acceleration of debt obligations issued by affiliates and insured by MBIA Corp., the loss of control of MBIA Insurance Corporation to a rehabilitator or liquidator, and unplanned costs. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Refer to &#x201c;Note 5: Loss and Loss Adjustment Expense Reserves&#x201d; for additional information about MBIA Corp.&#x2019;s recoveries. &lt;/div&gt;&lt;/div&gt;  &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 0pt; margin-bottom: 0pt;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Corporate Liquidity &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Based on the Company&#x2019;s projections of National&#x2019;s dividends and other cash inflows, including potential additional releases under its tax sharing agreement and related tax escrow account (&#x201c;Tax Escrow Account&#x201d;), the Company expects that MBIA Inc. will have sufficient cash to satisfy its debt service and general corporate needs. However, MBIA Inc. continues to have liquidity risk that could be caused by interruption of or reduction in dividends or tax payments received from operating subsidiaries, deterioration in the performance of invested assets, impaired access to the capital markets, as well as other factors, which are not anticipated at this time. Furthermore, failure by MBIA Inc. to settle liabilities that are insured by MBIA Corp. could result in claims on MBIA Corp. &lt;/div&gt;&lt;/div&gt; </us-gaap:NatureOfOperations>
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      decimals="-9"
      unitRef="Unit_USD">500000000000</mbi:ReliefFundApprovedByCongressAndPresident>
    <us-gaap:SignificantAccountingPoliciesTextBlock contextRef="P01_01_2020To03_31_2020">&lt;div id="toc893688_10" style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Note 2: Significant Accounting Policies &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;The Company has disclosed its significant accounting policies in &#x201c;Note 2: Significant Accounting Policies&#x201d; in the Notes to Consolidated Financial Statements included in the Company&#x2019;s Annual Report on Form &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;10-K&lt;/div&gt; for the year ended December&#160;31, 2019. The following significant accounting policies provide an update to those included in the Company&#x2019;s Annual Report on Form &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;10-K. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Basis of Presentation &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;The accompanying unaudited consolidated financial statements have been prepared in accordance with the instructions to Form &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;10-Q&lt;/div&gt; and Article 10 of Regulation &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;S-X&lt;/div&gt; and, accordingly, do not include all of the information and disclosures required by accounting principles generally accepted in the United States of America (&#x201c;GAAP&#x201d;) for annual periods. These statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Annual Report on Form &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;10-K&lt;/div&gt; for the year ended December&#160;31, 2019. The accompanying consolidated financial statements have not been audited by an independent registered public accounting firm in accordance with the standards of the Public Company Accounting Oversight Board (U.S.), but in the opinion of management such financial statements include all adjustments, consisting only of normal recurring adjustments, necessary for the fair statement of the Company&#x2019;s consolidated financial position and results of operations. All material intercompany balances and transactions have been eliminated.&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. As additional information becomes available or actual amounts become determinable, the recorded estimates are revised and reflected in operating results. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The results of operations for the three months ended March&#160;31, 2020 may not be indicative of the results that may be expected for the year ending December&#160;31, 2020. The December&#160;31, 2019 consolidated balance sheet was derived from audited financial statements, but does not include all disclosures required by GAAP for annual periods. &lt;/div&gt;&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Investments &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;The Company classifies its investments as &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;available-for-sale&lt;/div&gt; (&#x201c;AFS&#x201d;), &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;held-to-maturity&lt;/div&gt; (&#x201c;HTM&#x201d;), or trading. AFS investments are reported in the consolidated balance sheets at fair value with &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;non-credit&lt;/div&gt; related unrealized gains and losses, net of applicable deferred income taxes, reflected in accumulated other comprehensive income (loss) (&#x201c;AOCI&#x201d;) in shareholders&#x2019; equity. The specific identification method is used to determine realized gains and losses on AFS securities. HTM investments, for which the Company has the ability and intent to hold such investments to maturity, are reported in the consolidated balance sheets at amortized cost. Investments carried at fair value consist of equity instruments, and certain investments elected under the fair value option, or classified as trading. Short-term investments held as AFS include all fixed-maturity securities with a remaining maturity of less than one year at the date of purchase, commercial paper and money market securities. Changes in fair value of investments carried at fair value and realized gains and losses from the sale of investment securities are reflected in earnings as part of &#x201c;Net gains (losses) on financial instruments at fair value and foreign exchange&#x201d; on the Company&#x2019;s consolidated statements of operations.&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Investment income is recorded as earned which includes the current period interest accruals deemed collectible. Accrued interest income is recorded as part of &#x201c;Other assets&#x201d; on the Company&#x2019;s consolidated balance sheets. Bond discounts and premiums are amortized using the effective yield method over the remaining term of the securities and reported in &#x201c;Net investment income&#x201d; on the Company&#x2019;s consolidated statements of operations. However, premiums on certain callable debt securities are amortized to the earliest call date. For MBS and asset-backed securities (&#x201c;ABS&#x201d;), discounts and premiums are amortized using the retrospective or prospective method. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Effective January&#160;1, 2020, accrued interest income on debt securities is not assessed for credit losses as the Company reverses any past due accrued interest income and charges it against net investment income. Interest income is subsequently recognized to the extent cash is received. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 0pt; margin-bottom: 0pt;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Credit Losses on Debt Securities &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;For AFS debt securities, the Company&#x2019;s consolidated statements of operations reflect the full impairment (the difference between a security&#x2019;s amortized cost basis and fair value) if the Company intends to sell or would more likely than not be required to sell before the expected recovery of the amortized cost basis. For AFS debt securities in an unrealized loss position and HTM debt securities that the Company has the intent and ability to hold, the securities are evaluated on a quarterly basis to determine if a credit loss exists. The Company considers a credit loss exists when the Company does not expect to recover the entire amortized cost basis of the debt security. The Company measures the allowance for credit loss on a &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;security-by-security&lt;/div&gt; basis as the difference between the recorded investment and the present value of the cash flows expected to be collected, discounted at the instrument&#x2019;s effective interest rate. In the event of a credit loss, only the amount of impairment associated with the credit loss is recognized in income and reflected in earnings as part of &#x201c;Other net realized gains (losses)&#x201d; on the Company&#x2019;s statements of operations.&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Effective January&#160;1, 2020, the Company no longer records impairment for credit losses as adjustments to the amortized cost of the debt securities, but rather records an allowance for credit loss. For AFS debt securities, adjustments to the amortized cost basis are recorded if there is an intent to sell before recovery from impairment. For debt securities with an allowance for credit loss, changes in credit losses including accretion of the allowance for credit losses are recognized through other net realized gains (losses) as discussed above. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Financial Guarantee Insurance Premiums &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;The Company has disclosed its financial guarantee insurance premiums in &#x201c;Note 2: Significant Accounting Policies&#x201d; and &#x201c;Note: 5 Insurance Premiums&#x201d; in the Notes to Consolidated Financial Statements included in the Company&#x2019;s Annual Report on Form &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;10-K&lt;/div&gt; for the year ended December&#160;31, 2019. Below is an update on the Company&#x2019;s premium receivables accounting policy.&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Credit Losses on Premium Receivables &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The Company evaluates the collectability of outstanding premium receivables on a quarterly basis and measures any allowance for credit losses as the difference between the receivable amounts compared to the projected net present value of premiums expected to be collected, discounted at the effective interest rate which is the risk-free rate for the insurance contracts. The estimation of the allowance for credit losses involves substantial judgment, requires forecasting cash flows, and incorporates any historical experience of uncollectible balances, future performance of the transaction&#x2019;s underlying assets, certain macro-economic factors and each transaction&#x2019;s liability structure, including the seniority of premium payments to the Company. &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt; </us-gaap:SignificantAccountingPoliciesTextBlock>
    <us-gaap:BasisOfAccountingPolicyPolicyTextBlock contextRef="P01_01_2020To03_31_2020">&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Basis of Presentation &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;The accompanying unaudited consolidated financial statements have been prepared in accordance with the instructions to Form &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;10-Q&lt;/div&gt; and Article 10 of Regulation &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;S-X&lt;/div&gt; and, accordingly, do not include all of the information and disclosures required by accounting principles generally accepted in the United States of America (&#x201c;GAAP&#x201d;) for annual periods. These statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Annual Report on Form &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;10-K&lt;/div&gt; for the year ended December&#160;31, 2019. The accompanying consolidated financial statements have not been audited by an independent registered public accounting firm in accordance with the standards of the Public Company Accounting Oversight Board (U.S.), but in the opinion of management such financial statements include all adjustments, consisting only of normal recurring adjustments, necessary for the fair statement of the Company&#x2019;s consolidated financial position and results of operations. All material intercompany balances and transactions have been eliminated.&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. As additional information becomes available or actual amounts become determinable, the recorded estimates are revised and reflected in operating results. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The results of operations for the three months ended March&#160;31, 2020 may not be indicative of the results that may be expected for the year ending December&#160;31, 2020. The December&#160;31, 2019 consolidated balance sheet was derived from audited financial statements, but does not include all disclosures required by GAAP for annual periods. &lt;/div&gt;&lt;/div&gt;</us-gaap:BasisOfAccountingPolicyPolicyTextBlock>
    <us-gaap:InvestmentPolicyTextBlock contextRef="P01_01_2020To03_31_2020">&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Investments &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;The Company classifies its investments as &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;available-for-sale&lt;/div&gt; (&#x201c;AFS&#x201d;), &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;held-to-maturity&lt;/div&gt; (&#x201c;HTM&#x201d;), or trading. AFS investments are reported in the consolidated balance sheets at fair value with &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;non-credit&lt;/div&gt; related unrealized gains and losses, net of applicable deferred income taxes, reflected in accumulated other comprehensive income (loss) (&#x201c;AOCI&#x201d;) in shareholders&#x2019; equity. The specific identification method is used to determine realized gains and losses on AFS securities. HTM investments, for which the Company has the ability and intent to hold such investments to maturity, are reported in the consolidated balance sheets at amortized cost. Investments carried at fair value consist of equity instruments, and certain investments elected under the fair value option, or classified as trading. Short-term investments held as AFS include all fixed-maturity securities with a remaining maturity of less than one year at the date of purchase, commercial paper and money market securities. Changes in fair value of investments carried at fair value and realized gains and losses from the sale of investment securities are reflected in earnings as part of &#x201c;Net gains (losses) on financial instruments at fair value and foreign exchange&#x201d; on the Company&#x2019;s consolidated statements of operations.&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Investment income is recorded as earned which includes the current period interest accruals deemed collectible. Accrued interest income is recorded as part of &#x201c;Other assets&#x201d; on the Company&#x2019;s consolidated balance sheets. Bond discounts and premiums are amortized using the effective yield method over the remaining term of the securities and reported in &#x201c;Net investment income&#x201d; on the Company&#x2019;s consolidated statements of operations. However, premiums on certain callable debt securities are amortized to the earliest call date. For MBS and asset-backed securities (&#x201c;ABS&#x201d;), discounts and premiums are amortized using the retrospective or prospective method. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Effective January&#160;1, 2020, accrued interest income on debt securities is not assessed for credit losses as the Company reverses any past due accrued interest income and charges it against net investment income. Interest income is subsequently recognized to the extent cash is received. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 0pt; margin-bottom: 0pt;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Credit Losses on Debt Securities &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;For AFS debt securities, the Company&#x2019;s consolidated statements of operations reflect the full impairment (the difference between a security&#x2019;s amortized cost basis and fair value) if the Company intends to sell or would more likely than not be required to sell before the expected recovery of the amortized cost basis. For AFS debt securities in an unrealized loss position and HTM debt securities that the Company has the intent and ability to hold, the securities are evaluated on a quarterly basis to determine if a credit loss exists. The Company considers a credit loss exists when the Company does not expect to recover the entire amortized cost basis of the debt security. The Company measures the allowance for credit loss on a &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;security-by-security&lt;/div&gt; basis as the difference between the recorded investment and the present value of the cash flows expected to be collected, discounted at the instrument&#x2019;s effective interest rate. In the event of a credit loss, only the amount of impairment associated with the credit loss is recognized in income and reflected in earnings as part of &#x201c;Other net realized gains (losses)&#x201d; on the Company&#x2019;s statements of operations.&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Effective January&#160;1, 2020, the Company no longer records impairment for credit losses as adjustments to the amortized cost of the debt securities, but rather records an allowance for credit loss. For AFS debt securities, adjustments to the amortized cost basis are recorded if there is an intent to sell before recovery from impairment. For debt securities with an allowance for credit loss, changes in credit losses including accretion of the allowance for credit losses are recognized through other net realized gains (losses) as discussed above. &lt;/div&gt;&lt;/div&gt; </us-gaap:InvestmentPolicyTextBlock>
    <us-gaap:InsurancePremiumsRevenueRecognitionPolicy contextRef="P01_01_2020To03_31_2020">&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Financial Guarantee Insurance Premiums &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;The Company has disclosed its financial guarantee insurance premiums in &#x201c;Note 2: Significant Accounting Policies&#x201d; and &#x201c;Note: 5 Insurance Premiums&#x201d; in the Notes to Consolidated Financial Statements included in the Company&#x2019;s Annual Report on Form &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;10-K&lt;/div&gt; for the year ended December&#160;31, 2019. Below is an update on the Company&#x2019;s premium receivables accounting policy.&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Credit Losses on Premium Receivables &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The Company evaluates the collectability of outstanding premium receivables on a quarterly basis and measures any allowance for credit losses as the difference between the receivable amounts compared to the projected net present value of premiums expected to be collected, discounted at the effective interest rate which is the risk-free rate for the insurance contracts. The estimation of the allowance for credit losses involves substantial judgment, requires forecasting cash flows, and incorporates any historical experience of uncollectible balances, future performance of the transaction&#x2019;s underlying assets, certain macro-economic factors and each transaction&#x2019;s liability structure, including the seniority of premium payments to the Company. &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt; &lt;/div&gt;</us-gaap:InsurancePremiumsRevenueRecognitionPolicy>
    <us-gaap:NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock contextRef="P01_01_2020To03_31_2020">&lt;div id="toc893688_11" style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Note 3: Recent Accounting Pronouncements &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Recently Adopted Accounting Standards &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (ASU &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2016-13) &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;In June of 2016, the Financial Accounting Standards Board (&#x201c;FASB&#x201d;) issued Accounting Standards Update (&#x201c;ASU&#x201d;) &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2016-13,&lt;/div&gt; &#x201c;Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.&#x201d; ASU &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2016-13&lt;/div&gt; requires financing receivables and other financial assets measured at amortized cost to be presented at the net amount expected to be collected by recording an allowance for credit losses with changes in the allowance recorded as credit loss expense or a reversal of credit loss expense based on management&#x2019;s current estimate of expected credit losses each period. ASU &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2016-13&lt;/div&gt; does not apply to credit losses on financial guarantee insurance contracts within the scope of Accounting Standards Codification Topic 944, &#x201c;Financial Services-Insurance.&#x201d; ASU &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2016-13&lt;/div&gt; also makes targeted amendments to the current impairment model for AFS debt securities, which include requiring the recognition of an allowance rather than a direct write-down of the investment&#x2019;s cost basis. An allowance on an AFS investment may be reversed in the event that the credit quality of the issuer improves. The new guidance also replaces the model for purchased credit impaired debt securities and requires the establishment of an allowance for credit losses at acquisition of such securities by grossing up the purchase price when recording the initial amortized cost. ASU &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2016-13&lt;/div&gt; is effective for interim and annual periods beginning January&#160;1, 2020 with early adoption permitted beginning January&#160;1, 2019. ASU &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2016-13&lt;/div&gt; is applied on a modified retrospective basis except that prospective application is applied to AFS debt securities with other-than-temporary impairments (&#x201c;OTTI&#x201d;) recognized before the date of adoption. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;The Company adopted ASU &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2016-13&lt;/div&gt; in its entirety as of January&#160;1, 2020. For financial assets held by the Company and measured at amortized cost, which primarily include HTM debt securities, premiums receivable, accrued investment income and reinsurance recoverables, the Company&#x2019;s aggregate cumulative-effect adjustment, net of tax, related to allowances for credit losses as of the date of adoption was a $42&#160;million reduction in retained earnings. In addition, the Company updated its models and implemented or modified processes and controls necessary for the proper identification, measurement and recording of expected credit losses on financial assets within the scope of ASU &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2016-13. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;Fair Value Measurement (Topic 820): Disclosure Framework&#x2014;Changes to the Disclosure Requirements for Fair Value Measurement (ASU &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2018-13) &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;In August of 2018, the FASB issued ASU &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2018-13,&lt;/div&gt; &#x201c;Fair Value Measurement (Topic 820): Disclosure Framework&#x2014;Changes to the Disclosure Requirements for Fair Value Measurement.&#x201d; ASU &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2018-13&lt;/div&gt; modifies the disclosure requirements on fair value measurements. ASU &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2018-13&lt;/div&gt; was effective for interim and annual periods beginning January&#160;1, 2020 with early adoption permitted to remove or modify disclosures upon issuance of the standard and delay adoption of the additional disclosures until the effective date. Since the amendments of ASU &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2018-13&lt;/div&gt; only impact disclosure requirements, the adoption of ASU &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2018-13&lt;/div&gt; did not impact the Company&#x2019;s consolidated financial statements. The Company adopted the amendments of ASU &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2018-13&lt;/div&gt; in its entirety as of January&#160;1, 2020. The adoption of ASU &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2018-13&lt;/div&gt; only impacted the fair value disclosures within the Company&#x2019;s consolidated financial statements and did not impact amounts reported on the Company&#x2019;s balance sheet, statement of operations, statement of comprehensive income or statement of cash flows.&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (ASU &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2019-12) &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;As previously disclosed in the Company&#x2019;s Annual Report on Form &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;10-K&lt;/div&gt; for the year ended December&#160;31, 2019, in the fourth quarter of 2019, the Company adopted ASU &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2019-12,&lt;/div&gt; &#x201c;Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes&#x201d; as of January&#160;1, 2019. As a result of adopting ASU &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2019-12,&lt;/div&gt; the Company revised its previously reported amounts for the first quarter of 2019. For the three months ended March&#160;31, 2019, the Company previously reported an income tax benefit and a net loss of $2&#160;million and $17&#160;million, respectively, which were revised to an income tax provision and a net loss of $2&#160;million and $21&#160;million, respectively. In addition, for the three months ended March&#160;31, 2019, the Company previously reported a net loss per basic and diluted common share of $0.20 which was revised to $0.24 net loss per basic and diluted common share. There was no impact to the Company&#x2019;s consolidated shareholders&#x2019; equity.&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The Company has not adopted any other new accounting pronouncements that had a material impact on its consolidated financial statements. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Recent Accounting Developments &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting (ASU &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2020-04) &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;In March of 2020, the FASB issued ASU &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2020-04,&lt;/div&gt; &#x201c;Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.&#x201d; ASU &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2020-04&lt;/div&gt; provides optional expedients and exceptions for applying GAAP to contract modifications and hedging relationships, subject to meeting certain criteria that reference London Interbank Offered Rate (&#x201c;LIBOR&#x201d;) and another rate that is expected to be discontinued. ASU &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2020-04&lt;/div&gt; is effective as of March&#160;12, 2020 through December&#160;31, 2022. The Company is evaluating the impact of adopting ASU &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2020-04. &lt;/div&gt;&lt;/div&gt; </us-gaap:NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock>
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    <us-gaap:ScheduleOfVariableInterestEntitiesTextBlock contextRef="P01_01_2020To03_31_2020">&lt;div id="toc893688_12" style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Note 4: Variable Interest Entities &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Primarily through MBIA&#x2019;s international and structured finance insurance segment, the Company provides credit protection to issuers of obligations that may involve issuer-sponsored special purpose entities (&#x201c;SPEs&#x201d;). An SPE may be considered a variable interest entity (&#x201c;VIE&#x201d;) to the extent the SPE&#x2019;s total equity at risk is not sufficient to permit the SPE to finance its activities without additional subordinated financial support or its equity investors lack any one of the following characteristics: (i)&#160;the power to direct the activities of the SPE that most significantly impact the entity&#x2019;s economic performance or (ii)&#160;the obligation to absorb the expected losses of the entity or the right to receive the expected residual returns of the entity. A holder of a variable interest or interests in a VIE is required to assess whether it has a controlling financial interest, and thus is required to consolidate the entity as primary beneficiary. An assessment of a controlling financial interest identifies the primary beneficiary as the variable interest holder that has both of the following characteristics: (i)&#160;the power to direct the activities of the VIE that most significantly impact the entity&#x2019;s economic performance and (ii)&#160;the obligation to absorb losses of the entity or the right to receive benefits from the entity that could potentially be significant to the VIE. The primary beneficiary is required to consolidate the VIE. An ongoing reassessment of controlling financial interest is required to be performed based on any substantive changes in facts and circumstances involving the VIE and its variable interests. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The Company evaluates issuer-sponsored SPEs initially to determine if an entity is a VIE, and is required to reconsider its initial determination if certain events occur. For all entities determined to be VIEs, MBIA performs an ongoing reassessment to determine whether its guarantee to provide credit protection on obligations issued by VIEs provides the Company with a controlling financial interest. Based on its ongoing reassessment of controlling financial interest, the Company determines whether a VIE is required to be consolidated or deconsolidated. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The Company makes its determination for consolidation based on a qualitative assessment of the purpose and design of a VIE, the terms and characteristics of variable interests of an entity, and the risks a VIE is designed to create and pass through to holders of variable interests. The Company generally provides credit protection on obligations issued by VIEs, and holds certain contractual rights according to the purpose and design of a VIE. The Company may have the ability to direct certain activities of a VIE depending on facts and circumstances, including the occurrence of certain contingent events, and these activities may be considered the activities of a VIE that most significantly impact the entity&#x2019;s economic performance. The Company generally considers its guarantee of principal and interest payments of insured obligations, given nonperformance by a VIE, to be an obligation to absorb losses of the entity that could potentially be significant to the VIE. At the time the Company determines it has the ability to direct the activities of a VIE that most significantly impact the economic performance of the entity based on facts and circumstances, MBIA is deemed to have a controlling financial interest in the VIE and is required to consolidate the entity as primary beneficiary. The Company performs an ongoing reassessment of controlling financial interest that may result in consolidation or deconsolidation of any VIE. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Consolidated VIEs &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The carrying amounts of assets and liabilities of consolidated VIEs was $1.2&#160;billion, as of March&#160;31, 2020 and $1.6&#160;billion and $1.5&#160;billion, respectively, as of December&#160;31, 2019. The carrying amounts of assets and liabilities are presented separately in &#x201c;Assets of consolidated variable interest entities&#x201d; and &#x201c;Liabilities of consolidated variable interest entities&#x201d; on the Company&#x2019;s consolidated balance sheets. VIEs are consolidated or deconsolidated based on an ongoing reassessment of controlling financial interest, when events occur or circumstances arise, and whether the ability to exercise rights that constitute power to direct activities of any VIEs are present according to the design and characteristics of these entities. In the first quarter of 2020, the Company deconsolidated one structured finance VIE due to the prepayment of the outstanding notes of the VIE. Also, in the first quarter of 2020, the Puerto Rico Sales Tax Financing Corporation (&#x201c;COFINA&#x201d;) Trusts established in 2019 were legally dissolved and the seven related VIEs were deconsolidated. There was no impact to the Company&#x2019;s consolidated statement of operations for the first quarter of 2020 due to the deconsolidation of these VIEs. In the first quarter of 2019, the Company consolidated seven VIEs related to the Trusts established in connection with the COFINA Plan of Adjustment. On the initial consolidation of the Trusts, the Company recorded a loss of $42&#160;million, representing the difference between the fair value of the Company&#x2019;s financial guarantee within the Trusts and the carrying value of the insurance related balances on the COFINA policies. During 2019, all of the uninsured bonds held in the Trusts were sold and the proceeds were used to reduce National&#x2019;s obligations under its original insurance policies upon passing the proceeds through the Trusts to certificate holders. In addition, in 2019, National elected to make a voluntary additional payment in the amount of $66&#160;million with the effect of simultaneously reducing the Trust&#x2019;s obligations to zero and satisfying in full the obligations under its original insurance policies. Consolidation and deconsolidation gains and losses are recorded within &#x201c;Other net realized gains (losses)&#x201d; under &#x201c;Revenues of consolidated variable interest entities&#x201d; on the Company&#x2019;s consolidated statements of operations. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Holders of insured obligations of issuer-sponsored VIEs do not have recourse to the general assets of the Company. In the event of nonpayment of an insured obligation issued by a consolidated VIE, the Company is obligated to pay principal and interest, when due, on the respective insured obligation only. The Company&#x2019;s exposure to consolidated VIEs is limited to the credit protection provided on insured obligations and any additional variable interests held by the Company. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Nonconsolidated VIEs &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The following tables present the Company&#x2019;s maximum exposure to loss for nonconsolidated VIEs and carrying values of the assets and liabilities for its interests in these VIEs in its insurance operations as of March&#160;31, 2020 and December&#160;31, 2019. The amounts included under the headings for the carrying value of assets and liabilities represent amounts reported within the applicable financial statement line items on the Company&#x2019;s consolidated balance sheets. The maximum exposure to loss as a result of MBIA&#x2019;s variable interests in VIEs is represented by insurance in force. Insurance in force is the maximum future payments of principal and interest which may be required under commitments to make payments on insured obligations issued by nonconsolidated VIEs. The Company has aggregated nonconsolidated VIEs based on the underlying credit exposure of the insured obligation. The nature of the Company&#x2019;s variable interests in nonconsolidated VIEs is related to financial guarantees and any investments in obligations issued by nonconsolidated VIEs. &lt;/div&gt;&lt;/div&gt;
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&lt;td style="white-space: nowrap; font-family: Arial;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 1%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="white-space: nowrap; font-family: Arial;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 1%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="white-space: nowrap; font-family: Arial;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 1%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="white-space: nowrap; font-family: Arial;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; font-size: 6pt; padding-bottom: 0.5pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="22" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;March&#160;31, 2020 &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; font-size: 6pt; padding-bottom: 0.5pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 6pt; padding-bottom: 0.5pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="10" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Carrying Value of Assets &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Carrying&#160;Value&#160;of&#160;Liabilities &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid;"&gt;
&lt;td style="text-align: left; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: inline-block; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In millions &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Maximum&lt;br/&gt; Exposure&lt;br/&gt; to Loss &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Investments &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Premiums&lt;br/&gt; Receivable &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Insurance&#160;Loss&lt;br/&gt; Recoverable &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Unearned&lt;br/&gt; Premium&lt;br/&gt; Revenue &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Loss&#160;and&#160;Loss&lt;br/&gt; Adjustment&lt;br/&gt; Expense&lt;br/&gt; Reserves &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 6pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Insurance: &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 6pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Global structured finance: &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 6pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Mortgage-backed residential &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2,122 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;12 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;17 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;119 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;16 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;474 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 6pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Mortgage-backed commercial &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;21 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 6pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Consumer asset-backed &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;363 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;1 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;1 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;1 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;17 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 6pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Corporate asset-backed &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;870 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;6 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;531 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;7 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 6pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Total global structured finance &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;3,376 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;12 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;24 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;651 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;24 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;493 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 6pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Global public finance &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;1,723 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;8 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;8 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 6pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 6pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Total insurance &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;5,099 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;12 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;32 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;651 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;32 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;493 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="margin: 12pt auto 0px; width: 100%; font-size: 6pt; border-collapse: separate; border-spacing: 0;"&gt;
&lt;tr style="color: white; line-height: 0pt; visibility: hidden;"&gt;
&lt;td style="width: 82%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 1%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="white-space: nowrap; font-family: Arial;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 1%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="white-space: nowrap; font-family: Arial;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 1%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="white-space: nowrap; font-family: Arial;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 1%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="white-space: nowrap; font-family: Arial;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 1%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="white-space: nowrap; font-family: Arial;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 1%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="white-space: nowrap; font-family: Arial;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; font-size: 6pt; padding-bottom: 0.5pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="22" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;December&#160;31, 2019 &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; font-size: 6pt; padding-bottom: 0.5pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 6pt; padding-bottom: 0.5pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="10" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Carrying Value of Assets &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Carrying&#160;Value&#160;of&#160;Liabilities &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Loss&#160;and&#160;Loss &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Maximum &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Unearned &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Adjustment &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Exposure &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Premiums &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Insurance&#160;Loss &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Premium &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Expense &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid;"&gt;
&lt;td style="text-align: left; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: inline-block; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In millions &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;to Loss &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Investments &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Receivable &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Recoverable &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Revenue &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Reserves &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 6pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Insurance: &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 6pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Global structured finance: &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 6pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Mortgage-backed residential &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2,253 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;15 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;19 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;107 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;16 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;436 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 6pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Mortgage-backed commercial &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;26 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 6pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Consumer asset-backed &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;384 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;1 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;1 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;1 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;11 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 6pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Corporate asset-backed &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;937 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;6 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;673 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;7 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 6pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Total global structured finance &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;3,600 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;15 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;26 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;781 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;24 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;447 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 6pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Global public finance &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;1,926 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;8 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;9 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 6pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Total insurance &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;5,526 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;15 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;34 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;781 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;33 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;447 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt;</us-gaap:ScheduleOfVariableInterestEntitiesTextBlock>
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&lt;td style="width: 82%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 1%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="white-space: nowrap; font-family: Arial;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 1%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="white-space: nowrap; font-family: Arial;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 1%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="white-space: nowrap; font-family: Arial;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 1%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="white-space: nowrap; font-family: Arial;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
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&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
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&lt;tr style="font-size: 6pt; page-break-inside: avoid;"&gt;
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&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
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&lt;td style="padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
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&lt;td style="padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid;"&gt;
&lt;td style="text-align: left; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: inline-block; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In millions &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Maximum&lt;br/&gt; Exposure&lt;br/&gt; to Loss &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Investments &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Premiums&lt;br/&gt; Receivable &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Insurance&#160;Loss&lt;br/&gt; Recoverable &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Unearned&lt;br/&gt; Premium&lt;br/&gt; Revenue &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Loss&#160;and&#160;Loss&lt;br/&gt; Adjustment&lt;br/&gt; Expense&lt;br/&gt; Reserves &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 6pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Insurance: &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 6pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Global structured finance: &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 6pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Mortgage-backed residential &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2,122 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;12 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;17 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;119 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;16 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;474 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 6pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Mortgage-backed commercial &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;21 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 6pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Consumer asset-backed &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;363 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;1 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;1 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;1 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;17 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 6pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Corporate asset-backed &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;870 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;6 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;531 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;7 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 6pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Total global structured finance &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;3,376 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;12 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;24 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;651 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;24 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;493 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 6pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Global public finance &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;1,723 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;8 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;8 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 6pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 6pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Total insurance &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;5,099 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;12 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;32 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;651 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;32 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;493 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="margin: 12pt auto 0px; width: 100%; font-size: 6pt; border-collapse: separate; border-spacing: 0;"&gt;
&lt;tr style="color: white; line-height: 0pt; visibility: hidden;"&gt;
&lt;td style="width: 82%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 1%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="white-space: nowrap; font-family: Arial;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 1%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="white-space: nowrap; font-family: Arial;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 1%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="white-space: nowrap; font-family: Arial;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 1%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="white-space: nowrap; font-family: Arial;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 1%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="white-space: nowrap; font-family: Arial;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 1%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="white-space: nowrap; font-family: Arial;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; font-size: 6pt; padding-bottom: 0.5pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="22" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;December&#160;31, 2019 &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; font-size: 6pt; padding-bottom: 0.5pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 6pt; padding-bottom: 0.5pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="10" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Carrying Value of Assets &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Carrying&#160;Value&#160;of&#160;Liabilities &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Loss&#160;and&#160;Loss &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Maximum &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Unearned &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Adjustment &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Exposure &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Premiums &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Insurance&#160;Loss &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Premium &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Expense &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid;"&gt;
&lt;td style="text-align: left; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: inline-block; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In millions &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;to Loss &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Investments &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Receivable &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Recoverable &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Revenue &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Reserves &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 6pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Insurance: &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
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&lt;tr style="font-size: 6pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 6pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Global structured finance: &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
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&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
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&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 6pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Mortgage-backed residential &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
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&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
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&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
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&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
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&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
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&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;16 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;436 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
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&lt;tr style="font-size: 6pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 6pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Mortgage-backed commercial &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;26 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
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&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
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&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
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&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
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&lt;tr style="font-size: 6pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 6pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Consumer asset-backed &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;384 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
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&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;1 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;1 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;1 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;11 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 6pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Corporate asset-backed &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;937 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;6 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;673 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;7 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 6pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Total global structured finance &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;3,600 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;15 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;26 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;781 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;24 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;447 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 6pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 6pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Global public finance &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;1,926 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;8 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;9 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 6pt;"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
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&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
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&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
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&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
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&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
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    <us-gaap:LiabilityForFuturePolicyBenefitsAndUnpaidClaimsDisclosureTextBlock contextRef="P01_01_2020To03_31_2020">&lt;div id="toc893688_13" style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Note 5: Loss and Loss Adjustment Expense Reserves &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;U.S. Public Finance Insurance &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;U.S. public finance insured transactions consist of municipal bonds, including &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;tax-exempt&lt;/div&gt; and taxable indebtedness of U.S. political subdivisions, as well as utilities, airports, health care institutions, higher educational facilities, student loan issuers, housing authorities and other similar agencies and obligations issued by private entities that finance projects that serve a substantial public purpose. The Company estimates future losses by using probability-weighted cash flow scenarios that are customized to each insured transaction. Future loss estimates consider debt service due for each insured transaction, which includes par outstanding and interest due, as well as recoveries for such payments, if any. Gross par outstanding for capital appreciation bonds represents the par amount at the time of issuance of the insurance policy.&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Certain state and local governments and territory obligors that National insures are under financial and budgetary stress. In addition, the &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;COVID-19&lt;/div&gt; pandemic may present additional but unknown credit risks to National&#x2019;s insured portfolio. Puerto Rico had been experiencing significant fiscal stress and constrained liquidity, and in response, the U.S. Congress passed PROMESA. In formulating loss reserves, the Company considers the following: environmental and political impacts; litigation; ongoing discussions with creditors; timing and amount of debt service payments and future recoveries; existing proposed restructuring plans or agreements; and deviations from these proposals in its probability-weighted scenarios. In September of 2019, National agreed to join the RSA with PREPA, other monoline insurers, a group of uninsured PREPA bondholders, Puerto Rico, and the Oversight Board. Refer to &#x201c;Note 1: Business Developments and Risk and Uncertainties&#x201d;, for further information on &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;COVID-19&lt;/div&gt; and the Company&#x2019;s Puerto Rico exposures.&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Recoveries on Puerto Rico Losses &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;For recoveries on paid Puerto Rico losses, the estimates include assumptions related to the following: economic conditions and trends; political developments; the Company&#x2019;s ability to enforce contractual rights through litigation and otherwise; discussions with other creditors and the obligors, any existing proposals; and the remediation strategy for an insured obligation that has defaulted or is expected for default. &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;International and Structured Finance Insurance &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;The international and structured finance insurance segment&#x2019;s case basis reserves and insurance loss recoveries recorded in accordance with GAAP do not include estimates for a policy insuring a credit derivative or on financial guarantee VIEs that are eliminated in consolidation. The policy insuring a credit derivative contract is accounted for as a derivative and is carried at fair value in the Company&#x2019;s consolidated financial statements under GAAP. The fair value of the insured credit derivative contract is influenced by a variety of market and transaction-specific factors that may be unrelated to potential future claim payments under the Company&#x2019;s insurance policy. Refer to &#x201c;Note 8: Derivative Instruments&#x201d; for a further discussion of the Company&#x2019;s use of derivatives and their impact on the Company&#x2019;s consolidated financial statements. In addition, the &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;COVID-19&lt;/div&gt; may present additional but unknown credit risks to MBIA Corp.&#x2019;s insured portfolio. Refer to &#x201c;Note 1: Business Developments and Risk and Uncertainties&#x201d;, for further information on &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;COVID-19. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;RMBS Case Basis Reserves (Financial Guarantees) &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;The Company&#x2019;s RMBS reserves and recoveries relate to financial guarantee insurance policies, excluding those on consolidated VIEs. The Company&#x2019;s first-lien RMBS case basis reserves primarily relate to RMBS backed by alternative &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;A-paper&lt;/div&gt; and subprime mortgage loans. The Company&#x2019;s second-lien RMBS case basis reserves relate to RMBS backed by home equity lines of credit and &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;closed-end&lt;/div&gt; second mortgages. The Company calculated RMBS case basis reserves as of March&#160;31, 2020 for both first and second-lien RMBS transactions using a process called the Roll Rate Methodology (&#x201c;Roll Rate Methodology&#x201d;). The Roll Rate Methodology is a multi-step process using databases of loan level information, proprietary internal cash flow models, and commercially available models to estimate potential losses and recoveries on insured bonds. Roll Rate is defined as the probability that current loans become delinquent and subsequently default and loans in the delinquent pipeline are &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;charged-off&lt;/div&gt; or liquidated. The loss reserve estimates are based on a probability-weighted average of three scenarios of loan losses. Additional data used for both second and first-liens include historic averages of deal specific voluntary prepayment rates, forward projections of the LIBOR interest rates, and historic averages of deal-specific loss severities. In addition, for second-lien RMBS backed by home equity lines of credit, the Company assumes a constant basis spread between Prime and LIBOR interest rates.&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;In calculating ultimate cumulative losses for RMBS, the Company estimates the amount of second-lien loans that are expected to be &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;charged-off&lt;/div&gt; (deemed uncollectible by servicers of the transactions) and, for first-lien RMBS, the Company estimates the amount of loans that are expected to be liquidated in the future through foreclosure or short sale. The time to liquidation for a defaulted loan is specific to the loan&#x2019;s delinquency bucket.&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;For all RMBS transactions, cash flow models consider allocations and other structural aspects and claims against MBIA Corp.&#x2019;s insurance policy consistent with such policy&#x2019;s terms and conditions. The estimated net claims from the procedure above are then discounted using a risk-free rate to a net present value reflecting MBIA&#x2019;s general obligation to pay claims over time and not on an accelerated basis. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;The Company monitors RMBS portfolio performance on a monthly basis against projected performance, reviewing delinquencies, roll rates, and prepayment rates (including voluntary and involuntary). However, loan performance remains difficult to predict and losses may exceed expectations. In the event of a material deviation in actual performance from projected performance, the Company would increase or decrease the case basis reserves accordingly and &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;re-evaluate&lt;/div&gt; its assumptions.&lt;/div&gt;  &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 0pt; margin-bottom: 0pt;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;RMBS Recoveries &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;The Company primarily records two types of recoveries related to insured RMBS exposures: excess spread that is generated from the trust structures in the insured transactions; and second-lien &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#x201c;put-back&#x201d;&lt;/div&gt; claims related to those mortgage loans whose inclusion in an insured securitization failed to comply with representations and warranties (&#x201c;ineligible loans&#x201d;).&lt;/div&gt; &lt;div style="text-align: left; text-indent: 0%; font-family: Arial; font-size: 10pt; text-decoration: none; margin-top: 18pt; margin-bottom: 0px; margin-left: 0%;"&gt;&lt;div style="text-decoration:underline;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Excess Spread &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;Excess spread within insured RMBS securitizations is the difference between interest inflows on mortgage loan collateral and interest outflows on the insured RMBS notes. The aggregate amount of excess spread depends on the future loss trends, which include future delinquency trends, average time to &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;charge-off/liquidate&lt;/div&gt; delinquent loans, the future spread between Prime and the LIBOR interest rates, and borrower refinancing behavior (which may be affected by changes in the interest rate environment) that results in voluntary prepayments. Excess spread also includes subsequent recoveries on previously &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;charged-off&lt;/div&gt; loans associated with insured second-lien RMBS securitizations.&lt;/div&gt; &lt;div style="text-align: left; text-indent: 0%; font-family: Arial; font-size: 10pt; text-decoration: none; margin-top: 18pt; margin-bottom: 0px; margin-left: 0%;"&gt;&lt;div style="text-decoration:underline;display:inline;"&gt;Second-lien &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Put-Back&lt;/div&gt; Claims Related to Ineligible Loans &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;The Company has settled the majority of its &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;put-back&lt;/div&gt; claims relating to the inclusion of ineligible loans in securitizations it insured. Only its claims against Credit Suisse remain outstanding. Credit Suisse has challenged the Company&#x2019;s assessment of the ineligibility of individual mortgage loans and a trial concerning the dispute was held in July and August of 2019. While the Company&#x2019;s settlement amounts on its prior &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;put-back&lt;/div&gt; claims have been consistent with the &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;put-back &lt;/div&gt; recoveries that had been included in the Company&#x2019;s financial statements at the times preceding the settlements, there can be no assurance that the Company will prevail in its litigation against Credit Suisse. However, based on the Company&#x2019;s assessment of the strength of its contractual &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;put-back&lt;/div&gt; rights against Credit Suisse, as well as on its prior settlements with other sellers/servicers and success of other monolines&#x2019; &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;put-back&lt;/div&gt; settlements, the Company believes it will prevail in enforcing its contractual rights and that it is entitled to collect the full amount of its incurred losses plus contractual interest due. The Company consolidates the RMBS securitization originated by Credit Suisse as a VIE and, therefore, eliminates its estimate of recoveries from its insurance accounting and reflects such recoveries in its accounting for the loan repurchase commitments asset of the VIE using a measurement process similar to that used for insurance accounting.&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The uncertainty remaining with respect to the ultimate outcome of the litigation with Credit Suisse is contemplated in the probability-weighted scenario based-modeling the Company uses. The Credit Suisse recovery scenarios are based on certain probabilities of ultimate resolution of the dispute with Credit Suisse and the fair values are determined using discounted cash flow models. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;The Company continues to consider relevant facts and circumstances in developing its assumptions on expected cash inflows, probability of potential recoveries (including the timing and outcome of the litigation) and recovery period. While the Company believes it will be successful in realizing its recoveries from its &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;put-back&lt;/div&gt; contract claims against Credit Suisse, the ultimate amount recovered may be materially different from that recorded by the Company given the inherent uncertainty of the manner of resolving the claims (i.e., litigation and/or negotiated &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;out-of-court&lt;/div&gt; settlement) and the assumptions used in the required estimation process for accounting purposes which are based, in part, on judgments and other information that are not easily corroborated by historical data or other relevant benchmarks. Refer to &#x201c;Note 13: Commitments and Contingencies&#x201d; for further information about the Company&#x2019;s litigation with Credit Suisse.&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;CDO Reserves and Recoveries &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The Company also has loss and loss adjustment expense (&#x201c;LAE&#x201d;) reserves on certain transactions within its CDO portfolio, primarily its multi-sector CDO asset class that was insured in the form of financial guarantee policies. MBIA&#x2019;s insured multi-sector CDOs are transactions that include a variety of collateral ranging from corporate bonds to structured finance assets (which includes, but are not limited to, RMBS-related collateral, multi-sector and corporate CDOs). The Company&#x2019;s process for estimating reserves and credit impairments on these policies is determined as the present value of the probability-weighted potential future losses, net of estimated recoveries, across multiple scenarios.&#160;The Company considers several factors when developing the range of potential outcomes and their impact on MBIA. A range of loss scenarios is considered under different default and severity rates for each transaction&#x2019;s collateral.&#160;Additionally, each transaction is evaluated for its commutation potential. &lt;/div&gt;&lt;/div&gt;  &lt;div style="text-align: left; text-indent: 0%; font-family: Arial; font-size: 10pt; text-decoration: none; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0%;"&gt;&lt;div style="text-decoration:underline;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Zohar Recoveries &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;MBIA Corp. is seeking to recover the payments it made (plus interest and expenses) with respect to Zohar I and Zohar II. In March of 2018, the then-director of Zohar I and Zohar II placed those funds into voluntary bankruptcy proceedings in federal bankruptcy court in the District of Delaware (the &#x201c;Zohar Funds Bankruptcy Cases&#x201d;). In May of 2018, MBIA and certain parties to the Zohar Funds Bankruptcy Cases agreed to a stay of litigation and&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;a&lt;/div&gt; process, among other things (the &#x201c;Zohar Bankruptcy Settlement&#x201d;) by which the debtor funds, through an independent director and a chief restructuring officer, would work with the original sponsor of the funds to monetize the Zohar Assets and repay creditors, including MBIA Corp. While the stay of litigation provided for in the Zohar Bankruptcy Settlement has expired, the court ruled on September&#160;27, 2019 that the monetization process will continue, which ruling has been appealed though not stayed. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;While MBIA Corp. anticipates that the primary source of the recoveries will come from the monetization of the Zohar Assets, significant uncertainty remains with respect to realizable value. For example, on October&#160;17, 2019, one of the portfolio companies, Dura Automotive Systems, LLC, and certain of its affiliates, filed for bankruptcy protection in federal bankruptcy court in the Middle District of Tennessee (the &#x201c;Dura Bankruptcy Cases&#x201d;). Effective November&#160;8, 2019, the Dura Bankruptcy Cases were transferred to the District of Delaware. The Zohar debtors have substantial debt and equity interests in the Dura debtors, and any recovery on those interests is not expected to be material. In late March of 2020, the original sponsor of the Zohar Funds resigned from her role as director and manager of all the portfolio companies, except for Dura, which companies have debt and equity that comprise, in part, the Zohar Assets. New directors and managers are presently being put in place at these portfolio companies, although the Zohar Sponsor may continue to serve in some capacity at select portfolio companies until a replacement is put in place, and the monetization process remains in progress. There can be no assurance, however, that the recent coronavirus outbreak will not cause the monetization of the Zohar Assets to be delayed or impacted. Salvage and subrogation recoveries related to Zohar I and Zohar II are reported within &#x201c;Insurance loss recoverable&#x201d; on the Company&#x2019;s consolidated balance sheet. The Company&#x2019;s estimate of the insurance loss recoverable for Zohar I and Zohar II includes probability-weighted scenarios of the ultimate monetized recovery from the Zohar Assets. &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Notwithstanding the procedures agreed to in the Zohar Bankruptcy Settlement and confirmed by the court, there can be no assurance that the monetization of the Zohar Assets will yield amounts sufficient to permit MBIA Corp. to recover a substantial portion of the payments it made on Zohar I and Zohar II. Failure to recover such payments could impede MBIA Corp.&#x2019;s ability to make payments when due on other policies. MBIA Corp. believes that if the NYSDFS concludes at any time that MBIA Insurance Corporation will not be able to pay its policyholder claims, the NYSDFS would likely put MBIA Insurance Corporation into a rehabilitation or liquidation proceeding under Article 74 of the NYIL and/or take such other actions as the NYSDFS may deem necessary to protect the interests of MBIA Insurance Corporation&#x2019;s policyholders. The determination to commence such a proceeding or take other such actions is within the exclusive control of the NYSDFS. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Summary of Loss and LAE Reserves and Recoveries &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The Company&#x2019;s loss and LAE reserves and recoveries before consolidated VIE eliminations, along with amounts that were eliminated as a result of consolidating VIEs for the international and structured finance insurance segment, which are included in the Company&#x2019;s consolidated balance sheets as of March&#160;31, 2020 and December&#160;31, 2019 are presented in the following table: &lt;/div&gt;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:68%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:4%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:4%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:4%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:4%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;As of March&#160;31, 2020&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;As of December&#160;31, 2019&lt;/div&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Balance&#160;Sheet&#160;Line&#160;Item&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Balance&#160;Sheet&#160;Line&#160;Item&lt;/div&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Insurance&lt;br/&gt; loss&lt;br/&gt; recoverable&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Loss&#160;and&lt;br/&gt; LAE&lt;br/&gt; reserves&lt;br/&gt; &lt;div style="font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;"&gt;(2)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Insurance&lt;br/&gt; loss&lt;br/&gt; recoverable&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Loss and&lt;br/&gt; LAE&lt;br/&gt; reserves&#160;&lt;div style="font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;"&gt;(2)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; font-weight: normal; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;U.S. Public Finance Insurance&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;954&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;451&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;911&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;432&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 0in; text-align: left; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;width:100%;"&gt;International and Structured Finance Insurance:&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Before VIE eliminations&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,181&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;799&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,286&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;749&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;VIE eliminations&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(528&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(284&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(503&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(280&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total international and structured finance insurance&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;653&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;515&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;783&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;469&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; font-weight: normal; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Total&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,607&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;966&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,694&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;901&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="text-align: center;"&gt; &lt;div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(1)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Includes loan repurchase commitments of $506&#160;million and $486&#160;million as of March&#160;31, 2020 and December&#160;31, 2019, respectively.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="margin-top: 6pt; margin-bottom: 0px;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(2)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Amounts are net of expected recoveries.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Changes in Loss and LAE Reserves &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;The following table presents changes in the Company&#x2019;s loss and LAE reserves for the three months ended March&#160;31, 2020. Changes in loss reserves attributable to the accretion of the claim liability discount, changes in discount rates, changes in amount and timing of estimated claim payments and estimated recoveries on such claims, changes in assumptions and changes in LAE reserves are recorded in &#x201c;Losses and loss adjustment&#x201d; expenses in the Company&#x2019;s consolidated statements of operations. As of March&#160;31, 2020, the weighted average risk-free rate used to discount the Company&#x2019;s loss reserves (claim liability) was 0.73%. LAE reserves are generally expected to be settled within a &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;one-year &lt;/div&gt; period and are not discounted. As of March&#160;31, 2020 and December&#160;31, 2019 the Company&#x2019;s gross loss and LAE reserves included $35&#160;million and $34&#160;million, respectively, related to LAE.&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="margin: 12pt auto 0px; width: 100%; font-size: 8pt; border-collapse: separate; border-spacing: 0;"&gt;
&lt;tr style="font-size: 0px;"&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 9%; font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 9%; font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 9%; font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 9%; font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 9%; font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 9%; font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 4%; font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 5%; font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 5%; font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 5%; font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 5%; font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 5%; font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 8pt; page-break-inside: avoid;"&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In millions &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="22" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Changes in Loss and LAE Reserves for the Three Months Ended March&#160;31, 2020 &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 8pt; page-break-inside: avoid;"&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Gross Loss&lt;br/&gt; and LAE&lt;br/&gt; Reserves&#160;as&#160;of&lt;br/&gt; December&#160;31,&lt;br/&gt; 2019&lt;div style="font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Loss&lt;br/&gt; Payments &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Accretion&lt;br/&gt; of Claim&lt;br/&gt; Liability&lt;br/&gt; Discount &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Changes&#160;in&lt;br/&gt; Discount&lt;br/&gt; Rates &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Changes in&lt;br/&gt; Assumptions &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Changes&#160;in&lt;br/&gt; Unearned&lt;br/&gt; Premium&lt;br/&gt; Revenue &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Other &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Gross Loss&lt;br/&gt; and LAE&lt;br/&gt; Reserves&#160;as&#160;of&lt;br/&gt; March&#160;31,&lt;br/&gt; 2020&lt;div style="font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;901 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(68&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;4 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(98&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;222 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;6 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(1&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;966 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="text-align: center;"&gt; &lt;div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(1)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Amounts are net of expected recoveries of unpaid claims.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The increase in the Company&#x2019;s loss reserves for the three months ended March&#160;31, 2020, primarily related to increases in insured first-lien RMBS transactions due to the decline in risk-free rates during the quarter used to present value loss reserves and an increase in expected payments on certain Puerto Rico exposures. This was partially offset by a decrease in reserves due a decline in risk-free rates used to present value loss reserves and actual payments made on certain Puerto Rico exposures. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Changes in Insurance Loss Recoverable &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Insurance loss recoverable represents the Company&#x2019;s estimate of recoveries on paid claims and LAE. The Company recognizes potential recoveries on paid claims based on the probability-weighted net cash inflows present valued at applicable risk-free rates as of the measurement date. The following table presents changes in the Company&#x2019;s insurance loss recoverable for the three months ended March&#160;31, 2020. Changes in insurance loss recoverable attributable to the accretion of the discount on the recoverable, changes in discount rates, changes in amount and timing of estimated collections, changes in assumptions and changes in LAE recoveries are recorded in &#x201c;Losses and loss adjustment&#x201d; expenses in the Company&#x2019;s consolidated statements of operations. &lt;/div&gt;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:6pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:76%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="18" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Changes in Insurance Loss Recoverable&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="18" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;for the Three Months Ended March&#160;31, 2020&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:6pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Gross&lt;br/&gt; Reserve as of&lt;br/&gt; December&#160;31,&lt;br/&gt; 2019&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="white-space: nowrap; vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Collections&lt;br/&gt; for Cases&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="white-space: nowrap; vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Accretion&lt;br/&gt; of&lt;br/&gt; Recoveries&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="white-space: nowrap; vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Changes&#160;in&lt;br/&gt; Discount&lt;br/&gt; Rates&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="white-space: nowrap; vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: bold; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Changes in&lt;br/&gt; &lt;div style="font-weight: normal; font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Assumptions&lt;/div&gt;&lt;/div&gt;&lt;div style="font-weight: normal; font-style: normal; font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="white-space: nowrap; vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: bold; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight: normal; font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Other&lt;/div&gt;&lt;/div&gt;&lt;div style="font-weight: normal; font-style: normal; font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;"&gt;(2)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="white-space: nowrap; vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Gross&lt;br/&gt; Reserve&lt;br/&gt; as of&lt;br/&gt; March&#160;31,&lt;br/&gt; 2020&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="white-space: nowrap; vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:6pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Insurance loss recoverable&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,694&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(8&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;157&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(241&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(2&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,607&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="text-align: center;"&gt; &lt;div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(1)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Includes amounts related to paid claims and LAE that are expected to be recovered in the future.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(2)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Primarily changes in amount and timing of collections.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The decrease in the Company&#x2019;s insurance loss recoverable reflected in the preceding table was primarily due to a decline in expected recoveries on CDOs partially offset by increases in insurance loss recoverables on certain Puerto Rico exposures and RMBS transactions due to a decline in risk-free rates during the three months ended March&#160;31, 2020. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Loss and LAE Activity &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;For the three months ended March&#160;31, 2020, loss and LAE incurred primarily related to a decrease in expected salvage collections related to CDOs as well as declines in the risk-free rates during the quarter which increased the present value of the loss reserves, primarily related to first-lien RMBS transactions. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;For the three months ended March&#160;31, 2019, the benefit to losses and LAE primarily related to an increase in expected recoveries on Puerto Rico exposures partially offset by incurred losses related to first-lien RMBS transactions. &lt;/div&gt;&lt;/div&gt;  &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Costs associated with remediating insured obligations assigned to the Company&#x2019;s surveillance categories are recorded as LAE and are included in &#x201c;Losses and loss adjustment&#x201d; expenses on the Company&#x2019;s consolidated statements of operations. For the three months ended March&#160;31, 2020 and 2019, gross LAE related to remediating insured obligations were $9&#160;million and $1&#160;million, respectively. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Surveillance Categories &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The following table provides information about the financial guarantees and related claim liability included in each of MBIA&#x2019;s surveillance categories as of March&#160;31, 2020: &lt;/div&gt;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:83%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="18" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Surveillance Categories&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;$ in millions&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Caution&lt;br/&gt; List&lt;br/&gt; Low&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Caution&lt;br/&gt; List&lt;br/&gt; Medium&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Caution&lt;br/&gt; List&lt;br/&gt; High&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Classified&lt;br/&gt; List&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Total&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Number of policies&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;42&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;18&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;219&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;279&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Number of issues&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt; (1)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;12&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;5&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;99&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;116&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Remaining weighted average contract period (in years)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;6.6&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7.1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7.7&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7.4&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Gross insured contractual payments outstanding:&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt; (2)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Principal&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,192&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;224&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;3,736&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;5,152&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Interest&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,914&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;99&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,566&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;3,579&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 5em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;3,106&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;323&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;5,302&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;8,731&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Gross Claim Liability&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt; (3)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,068&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,068&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Less:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Gross Potential Recoveries&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt; (4)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,781&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,781&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Discount, net&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt; (5)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(91&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(91&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Net claim liability (recoverable)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(622&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(622&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Unearned premium revenue&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;6&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;3&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;38&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;47&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Reinsurance recoverable on paid and unpaid losses&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt; (6)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;13&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="text-align: center;"&gt; &lt;div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(1)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;An &#x201c;issue&#x201d; represents the aggregate of financial guarantee policies that share the same revenue source for purposes of making debt service payments on the insured debt.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="margin-top: 6pt; margin-bottom: 0px;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(2)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Represents contractual principal and interest payments due by the issuer of the obligations insured by MBIA.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="margin-top: 6pt; margin-bottom: 0px;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(3)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;The gross claim liability with respect to Puerto Rico exposures are net of expected recoveries for policies in a net payable position.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="margin-top: 6pt; margin-bottom: 0px;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(4)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Gross potential recoveries with respect to certain Puerto Rico exposures are net of the claim liability for policies in a net recoverable position.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="margin-top: 6pt; margin-bottom: 0px;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(5)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Represents discount related to Gross Claim Liability and Gross Potential Recoveries.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="margin-top: 6pt; margin-bottom: 0px;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(6)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Included in &#x201c;Other assets&#x201d; on the Company&#x2019;s consolidated balance sheets.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The following table provides information about the financial guarantees and related claim liability included in each of MBIA&#x2019;s surveillance categories as of December&#160;31, 2019: &lt;/div&gt;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:83%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="18" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Surveillance Categories&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;$ in millions&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Caution&lt;br/&gt; List&lt;br/&gt; Low&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Caution&lt;br/&gt; List&lt;br/&gt; Medium&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Caution&lt;br/&gt; List&lt;br/&gt; High&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Classified&lt;br/&gt; List&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Total&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Number of policies&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;45&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;19&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;212&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;276&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Number of issues&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt; (1)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;13&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;5&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;94&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;112&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Remaining weighted average contract period (in years)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7.3&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7.2&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7.9&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7.7&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Gross insured contractual payments outstanding:&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt; (2)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Principal&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,546&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;248&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;3,794&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;5,588&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Interest&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2,107&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;110&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,668&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;3,885&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 4em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;3,653&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;358&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;5,462&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;9,473&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Gross Claim Liability&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt; (3)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;965&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;965&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Less:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Gross Potential Recoveries&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt; (4)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2,184&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2,184&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Discount, net&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt; (5)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(453&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(453&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Net claim liability (recoverable)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(766&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(766&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Unearned premium revenue&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;6&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;3&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;39&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;48&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Reinsurance recoverable on paid and unpaid losses&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt; (6)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;19&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="text-align: center;"&gt; &lt;div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(1)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;An &#x201c;issue&#x201d; represents the aggregate of financial guarantee policies that share the same revenue source for purposes of making debt service payments on the insured debt.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="margin-top: 6pt; margin-bottom: 0px;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(2)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Represents contractual principal and interest payments due by the issuer of the obligations insured by MBIA.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="margin-top: 6pt; margin-bottom: 0px;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(3)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;The gross claim liability with respect to Puerto Rico exposures are net of expected recoveries for policies in a net payable position.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="margin-top: 6pt; margin-bottom: 0px;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(4)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Gross potential recoveries with respect to certain Puerto Rico exposures are net of the claim liability for policies in a net recoverable position.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="margin-top: 6pt; margin-bottom: 0px;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(5)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Represents discount related to Gross Claim Liability and Gross Potential Recoveries.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="margin-top: 6pt; margin-bottom: 0px;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(6)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Included in &#x201c;Other assets&#x201d; on the Company&#x2019;s consolidated balance sheets.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; </us-gaap:LiabilityForFuturePolicyBenefitsAndUnpaidClaimsDisclosureTextBlock>
    <mbi:ScheduleOfInsuranceLossReservesAndRecoverablesForInsuredObligationsTextBlock contextRef="P01_01_2020To03_31_2020">
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:68%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:4%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:4%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:4%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:4%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;As of March&#160;31, 2020&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;As of December&#160;31, 2019&lt;/div&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Balance&#160;Sheet&#160;Line&#160;Item&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Balance&#160;Sheet&#160;Line&#160;Item&lt;/div&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Insurance&lt;br/&gt; loss&lt;br/&gt; recoverable&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Loss&#160;and&lt;br/&gt; LAE&lt;br/&gt; reserves&lt;br/&gt; &lt;div style="font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;"&gt;(2)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Insurance&lt;br/&gt; loss&lt;br/&gt; recoverable&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Loss and&lt;br/&gt; LAE&lt;br/&gt; reserves&#160;&lt;div style="font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;"&gt;(2)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; font-weight: normal; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;U.S. Public Finance Insurance&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;954&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;451&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;911&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;432&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 0in; text-align: left; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;width:100%;"&gt;International and Structured Finance Insurance:&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Before VIE eliminations&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,181&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;799&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,286&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;749&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;VIE eliminations&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(528&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(284&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(503&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(280&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total international and structured finance insurance&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;653&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;515&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;783&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;469&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; font-weight: normal; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Total&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,607&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;966&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,694&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;901&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="text-align: center;"&gt; &lt;div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(1)&#160;-&lt;/td&gt;
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&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(2)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Amounts are net of expected recoveries.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt;</mbi:ScheduleOfInsuranceLossReservesAndRecoverablesForInsuredObligationsTextBlock>
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&lt;tr style="font-size: 0px;"&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 9%; font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 9%; font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 9%; font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 9%; font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 9%; font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 9%; font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 4%; font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 5%; font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 5%; font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 5%; font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 5%; font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 5%; font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 8pt; page-break-inside: avoid;"&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In millions &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="22" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Changes in Loss and LAE Reserves for the Three Months Ended March&#160;31, 2020 &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 8pt; page-break-inside: avoid;"&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Gross Loss&lt;br/&gt; and LAE&lt;br/&gt; Reserves&#160;as&#160;of&lt;br/&gt; December&#160;31,&lt;br/&gt; 2019&lt;div style="font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Loss&lt;br/&gt; Payments &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Accretion&lt;br/&gt; of Claim&lt;br/&gt; Liability&lt;br/&gt; Discount &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Changes&#160;in&lt;br/&gt; Discount&lt;br/&gt; Rates &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Changes in&lt;br/&gt; Assumptions &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Changes&#160;in&lt;br/&gt; Unearned&lt;br/&gt; Premium&lt;br/&gt; Revenue &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Other &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Gross Loss&lt;br/&gt; and LAE&lt;br/&gt; Reserves&#160;as&#160;of&lt;br/&gt; March&#160;31,&lt;br/&gt; 2020&lt;div style="font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;901 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(68&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;4 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(98&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;222 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;6 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(1&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;966 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="text-align: center;"&gt; &lt;div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(1)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Amounts are net of expected recoveries of unpaid claims.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt;</mbi:ScheduleOfLossAndLossAdjustmentExpenseReserveTextBlock>
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      unitRef="Unit_USD">-98000000</us-gaap:FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeEffectOfChangeInDiscountRate>
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      contextRef="P01_01_2020To03_31_2020_LossAndLaeReservesMemberMBIClaimLiabilityAxis"
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      unitRef="Unit_USD">222000000</mbi:FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeInAssumptions>
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&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:76%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="18" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Changes in Insurance Loss Recoverable&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="18" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;for the Three Months Ended March&#160;31, 2020&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:6pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Gross&lt;br/&gt; Reserve as of&lt;br/&gt; December&#160;31,&lt;br/&gt; 2019&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="white-space: nowrap; vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Collections&lt;br/&gt; for Cases&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="white-space: nowrap; vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Accretion&lt;br/&gt; of&lt;br/&gt; Recoveries&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="white-space: nowrap; vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Changes&#160;in&lt;br/&gt; Discount&lt;br/&gt; Rates&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="white-space: nowrap; vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: bold; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Changes in&lt;br/&gt; &lt;div style="font-weight: normal; font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Assumptions&lt;/div&gt;&lt;/div&gt;&lt;div style="font-weight: normal; font-style: normal; font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="white-space: nowrap; vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: bold; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight: normal; font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Other&lt;/div&gt;&lt;/div&gt;&lt;div style="font-weight: normal; font-style: normal; font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;"&gt;(2)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="white-space: nowrap; vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Gross&lt;br/&gt; Reserve&lt;br/&gt; as of&lt;br/&gt; March&#160;31,&lt;br/&gt; 2020&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="white-space: nowrap; vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:6pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Insurance loss recoverable&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,694&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(8&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;157&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(241&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(2&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,607&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="text-align: center;"&gt; &lt;div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(1)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Includes amounts related to paid claims and LAE that are expected to be recovered in the future.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(2)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Primarily changes in amount and timing of collections.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt;</mbi:ScheduleOfInsuranceLossRecoverableTextBlock>
    <mbi:InsuranceLossRecoverable
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      decimals="-6"
      unitRef="Unit_USD">1694000000</mbi:InsuranceLossRecoverable>
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      contextRef="P01_01_2020To03_31_2020_InsuranceLossRecoverableMemberMBIClaimLiabilityAxis"
      decimals="-6"
      unitRef="Unit_USD">8000000</mbi:CollectionsForCases>
    <mbi:InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesAccretionOfRecoveries
      contextRef="P01_01_2020To03_31_2020_InsuranceLossRecoverableMemberMBIClaimLiabilityAxis"
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      unitRef="Unit_USD">7000000</mbi:InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesAccretionOfRecoveries>
    <mbi:InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInDiscountRate
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      unitRef="Unit_USD">157000000</mbi:InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInDiscountRate>
    <mbi:InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInAssumptions
      contextRef="P01_01_2020To03_31_2020_InsuranceLossRecoverableMemberMBIClaimLiabilityAxis"
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      id="Fact_12966683"
      unitRef="Unit_USD">-241000000</mbi:InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInAssumptions>
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      contextRef="P01_01_2020To03_31_2020_InsuranceLossRecoverableMemberMBIClaimLiabilityAxis"
      decimals="-6"
      id="Fact_12966684"
      unitRef="Unit_USD">-2000000</mbi:InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesOther>
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      decimals="-6"
      unitRef="Unit_USD">1607000000</mbi:InsuranceLossRecoverable>
    <us-gaap:PolicyholderBenefitsAndClaimsIncurredNet
      contextRef="P01_01_2020To03_31_2020_LaeMemberMBIClaimLiabilityAxis"
      decimals="-6"
      unitRef="Unit_USD">9000000</us-gaap:PolicyholderBenefitsAndClaimsIncurredNet>
    <us-gaap:PolicyholderBenefitsAndClaimsIncurredNet
      contextRef="P01_01_2019To03_31_2019_LaeMemberMBIClaimLiabilityAxis"
      decimals="-6"
      unitRef="Unit_USD">1000000</us-gaap:PolicyholderBenefitsAndClaimsIncurredNet>
    <us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationTextBlock contextRef="P01_01_2020To03_31_2020">&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The following table provides information about the financial guarantees and related claim liability included in each of MBIA&#x2019;s surveillance categories as of March&#160;31, 2020: &lt;/div&gt;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:83%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="18" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Surveillance Categories&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;$ in millions&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Caution&lt;br/&gt; List&lt;br/&gt; Low&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Caution&lt;br/&gt; List&lt;br/&gt; Medium&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Caution&lt;br/&gt; List&lt;br/&gt; High&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Classified&lt;br/&gt; List&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Total&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Number of policies&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;42&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;18&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;219&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;279&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Number of issues&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt; (1)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;12&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;5&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;99&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;116&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Remaining weighted average contract period (in years)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;6.6&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7.1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7.7&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7.4&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Gross insured contractual payments outstanding:&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt; (2)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Principal&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,192&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;224&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;3,736&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;5,152&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Interest&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,914&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;99&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,566&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;3,579&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 5em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;3,106&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;323&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;5,302&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;8,731&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Gross Claim Liability&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt; (3)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,068&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,068&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Less:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Gross Potential Recoveries&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt; (4)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,781&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,781&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Discount, net&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt; (5)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(91&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(91&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Net claim liability (recoverable)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(622&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(622&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Unearned premium revenue&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;6&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;3&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;38&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;47&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Reinsurance recoverable on paid and unpaid losses&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt; (6)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;13&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="text-align: center;"&gt; &lt;div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(1)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;An &#x201c;issue&#x201d; represents the aggregate of financial guarantee policies that share the same revenue source for purposes of making debt service payments on the insured debt.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="margin-top: 6pt; margin-bottom: 0px;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(2)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Represents contractual principal and interest payments due by the issuer of the obligations insured by MBIA.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="margin-top: 6pt; margin-bottom: 0px;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(3)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;The gross claim liability with respect to Puerto Rico exposures are net of expected recoveries for policies in a net payable position.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="margin-top: 6pt; margin-bottom: 0px;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(4)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Gross potential recoveries with respect to certain Puerto Rico exposures are net of the claim liability for policies in a net recoverable position.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="margin-top: 6pt; margin-bottom: 0px;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(5)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Represents discount related to Gross Claim Liability and Gross Potential Recoveries.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="margin-top: 6pt; margin-bottom: 0px;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(6)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Included in &#x201c;Other assets&#x201d; on the Company&#x2019;s consolidated balance sheets.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The following table provides information about the financial guarantees and related claim liability included in each of MBIA&#x2019;s surveillance categories as of December&#160;31, 2019: &lt;/div&gt;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:83%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="18" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Surveillance Categories&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;$ in millions&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Caution&lt;br/&gt; List&lt;br/&gt; Low&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Caution&lt;br/&gt; List&lt;br/&gt; Medium&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Caution&lt;br/&gt; List&lt;br/&gt; High&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Classified&lt;br/&gt; List&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Total&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Number of policies&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;45&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;19&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;212&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;276&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Number of issues&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt; (1)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;13&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;5&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;94&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;112&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Remaining weighted average contract period (in years)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7.3&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7.2&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7.9&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7.7&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Gross insured contractual payments outstanding:&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt; (2)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Principal&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,546&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;248&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;3,794&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;5,588&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Interest&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2,107&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;110&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,668&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;3,885&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 4em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;3,653&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;358&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;5,462&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;9,473&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Gross Claim Liability&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt; (3)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;965&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;965&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Less:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Gross Potential Recoveries&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt; (4)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2,184&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2,184&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Discount, net&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt; (5)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(453&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(453&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Net claim liability (recoverable)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(766&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(766&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Unearned premium revenue&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;6&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;3&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;39&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;48&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Reinsurance recoverable on paid and unpaid losses&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt; (6)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;19&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="text-align: center;"&gt; &lt;div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(1)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;An &#x201c;issue&#x201d; represents the aggregate of financial guarantee policies that share the same revenue source for purposes of making debt service payments on the insured debt.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="margin-top: 6pt; margin-bottom: 0px;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(2)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Represents contractual principal and interest payments due by the issuer of the obligations insured by MBIA.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="margin-top: 6pt; margin-bottom: 0px;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(3)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;The gross claim liability with respect to Puerto Rico exposures are net of expected recoveries for policies in a net payable position.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="margin-top: 6pt; margin-bottom: 0px;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(4)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Gross potential recoveries with respect to certain Puerto Rico exposures are net of the claim liability for policies in a net recoverable position.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="margin-top: 6pt; margin-bottom: 0px;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(5)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Represents discount related to Gross Claim Liability and Gross Potential Recoveries.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="margin-top: 6pt; margin-bottom: 0px;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(6)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Included in &#x201c;Other assets&#x201d; on the Company&#x2019;s consolidated balance sheets.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; </us-gaap:ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationTextBlock>
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    <us-gaap:FairValueDisclosuresTextBlock contextRef="P01_01_2020To03_31_2020">&lt;div id="toc893688_14" style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Note 6: Fair Value of Financial Instruments &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Fair Value Measurement &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Financial Assets and Liabilities &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Financial assets held by the Company primarily consist of investments in debt securities, loans receivables at fair value and loan repurchase commitments held by consolidated VIEs. Financial liabilities, excluding derivative liabilities, issued by the Company primarily consist of debt issued for general corporate purposes within its corporate segment, medium-term notes (&#x201c;MTNs&#x201d;), investment agreements and debt issued by consolidated VIEs. The Company&#x2019;s derivative liabilities are primarily interest rate swaps and insured credit derivatives. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Valuation Techniques &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Valuation techniques for financial instruments measured at fair value are described below. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;Fixed-Maturity Securities Held as &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Available-For-Sale,&lt;/div&gt; Investments Carried at Fair Value, Investments Pledged as Collateral and Short-term Investments&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;These investments include investments in U.S. Treasury and government agencies, state and municipal bonds, foreign governments, corporate obligations, MBS, ABS, money market securities, and perpetual debt and equity securities. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Substantially all of these investments are valued based on recently executed transaction prices or quoted market prices by independent third parties, including pricing services and brokers. When quoted market prices are not available, fair value is generally determined using quoted prices of similar investments or a valuation model based on observable and unobservable inputs. Inputs vary depending on the type of investment. Observable inputs include contractual cash flows, interest rate yield curves, CDS spreads, prepayment and volatility scores, diversity scores, cross-currency basis index spreads, and credit spreads for structures similar to the financial instrument in terms of issuer, maturity and seniority. Unobservable inputs include cash flow projections and the value of any credit enhancement. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The investment in the fixed-income fund was measured at fair value by applying the net asset value per share practical expedient.&#160;The investment in the fixed-income fund may be redeemed on a quarterly basis with prior redemption notification of ninety days subject to withdrawal limitations.&#160;The investment is required to be held for a minimum of twelve months, and any subsequent quarterly redemption is limited to 25% of the investment or a complete redemption over four consecutive quarters in the amounts of 25%, 33%, 50%, and 100% of the remaining investment balance as of the first, second, third and fourth consecutive quarters, respectively. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Investments based on quoted market prices of identical investments in active markets are classified as Level&#160;1 of the fair value hierarchy. Level&#160;1 investments generally consist of U.S. Treasury and government agency and perpetual debt and equity securities. Quoted market prices of investments in less active markets, as well as investments which are valued based on other than quoted prices for which the inputs are observable, such as interest rate yield curves, are categorized in Level&#160;2 of the fair value hierarchy. Investments that contain significant inputs that are not observable are categorized as Level&#160;3. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Cash and Cash Equivalents &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The carrying amounts of cash and cash equivalents approximate fair value due to the short-term nature and credit worthiness of these instruments and are categorized in Level&#160;1 of the fair value hierarchy. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Loans Receivable at Fair Value &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Loans receivable at fair value are comprised of loans and other instruments held by consolidated VIEs consisting of residential mortgage loans are categorized in Level&#160;3 of the fair value hierarchy. Fair values of residential mortgage loans are determined using quoted prices for MBS issued by the respective VIE and adjusted for the fair values of the financial guarantees provided by MBIA Corp. on the related MBS. The fair values of the financial guarantees consider expected claim payments, net of recoveries, under MBIA Corp.&#x2019;s policies. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Loan Repurchase Commitments &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Loan repurchase commitments are obligations owed by the sellers/servicers of mortgage loans to MBIA as reimbursement of paid claims. Loan repurchase commitments are assets of the consolidated VIEs. These assets represent the rights of MBIA against the sellers/servicers for breaches of representations and warranties that the securitized residential mortgage loans sold to the trust to comply with stated underwriting guidelines and for the sellers/servicers to cure, replace, or repurchase mortgage loans. Fair value measurements of loan repurchase commitments represent the amounts owed by the sellers/servicers to MBIA as reimbursement of paid claims and contractual interest. Loan repurchase commitments are not securities and no quoted prices or comparable market transaction information are observable or available. Fair values of loan repurchase commitments are determined using discounted cash flow techniques and are categorized in Level&#160;3 of the fair value hierarchy. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Other Assets &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;A VIE consolidated by the Company has entered into a derivative instrument consisting of a cross currency swap. The cross currency swap is entered into to manage the variability in cash flows resulting from fluctuations in foreign currency rates. The fair value of the VIE derivative is determined based on inputs from unobservable cash flows projection of the derivative, discounted using observable discount rates. As the significant inputs are unobservable, the derivative contract is categorized in Level&#160;3 of the fair value hierarchy. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;Other assets also include receivables representing the right to receive reimbursement payments on claim payments expected to be made on certain insured VIE liabilities due to risk mitigating transactions with third parties executed to effectively defease, or, &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;in-substance&lt;/div&gt; commute the Company&#x2019;s exposure on its financial guarantee policies. The right to receive reimbursement payments is based on the value of the Company&#x2019;s financial guarantee determined using the cash flow model.&#160;The fair value of the financial guarantee primarily contains unobservable inputs and is categorized in Level&#160;3 of the fair value hierarchy.&lt;/div&gt;  &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 0pt; margin-bottom: 0pt;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Medium-term Notes at Fair Value &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The Company has elected to measure certain MTNs at fair value on a recurring basis. The fair values of certain MTNs are based on quoted market prices provided by third-party sources, where available. When quoted market prices are not available, the Company applies a matrix pricing grid to determine fair value based on the quoted market prices received for similar instruments and considering the MTNs&#x2019; stated maturity and interest rate. Nonperformance risk is included in the quoted market prices and the matrix pricing grid. MTNs are categorized in Level&#160;3 of the fair value hierarchy and do not include accrued interest. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Variable Interest Entity Notes &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The fair values of VIE notes are determined based on recently executed transaction prices or quoted prices where observable. When position-specific quoted prices are not observable, fair values are based on quoted prices of similar securities. Fair values based on quoted prices of similar securities may be adjusted for factors unique to the securities, including any credit enhancement. Observable inputs include interest rate yield curves and bond spreads of similar securities. Unobservable inputs include the value of any credit enhancement. VIE notes are categorized in Level&#160;2 or Level&#160;3 of the fair value hierarchy based on the lowest level input that is significant to the fair value measurement in its entirety. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Derivatives &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;The corporate segment has entered into derivative transactions primarily consisting of interest rate swaps. Fair values of &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;over-the-counter&lt;/div&gt; derivatives are determined using valuation models based on observable inputs, nonperformance risk of the Company and nonperformance risk of the counterparties. Observable and market-based inputs include interest rate yields, credit spreads and volatilities. These derivatives are categorized in Level&#160;2 or Level&#160;3 of the fair value hierarchy based on the lowest level input that is significant to the fair value measurement in its entirety.&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Derivatives&#x2014;Insurance &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The derivative contracts insured by the Company cannot be legally traded and generally do not have observable market prices. The Company determines the fair values of certain insured credit derivatives using valuation models based on observable inputs and considering nonperformance risk of the Company. These insured credit derivatives are categorized in Level&#160;2 of the fair value hierarchy. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The Company uses an internally developed Direct Price Model to value an insured credit derivative that incorporates market prices or estimated prices for all collateral within the transaction, the present value of the market-implied potential losses, and nonperformance risk. The valuation of the insured credit derivative includes the impact of its credit standing. The insured credit derivative is categorized in Level&#160;3 of the fair value hierarchy based on unobservable inputs that are significant to the fair value measurement in its entirety. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Derivatives&#x2014;Other &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The Company also has other derivative liabilities as a result of a commutation that occurred in 2014. The fair value of the derivative is determined using a discounted cash flow model. Key inputs include unobservable cash flows projected over the expected term of the derivative. As the significant inputs are unobservable, the derivative contract is categorized in Level&#160;3 of the fair value hierarchy. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Other Liabilities &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Other payable relates to certain contingent consideration. The fair value of the liability is based on the cash flow methodologies using observable and unobservable inputs. Unobservable inputs include invested asset balances and asset management fees that are significant to the fair value estimate and the liability is categorized in Level&#160;3 of the fair value hierarchy. &lt;/div&gt;&lt;/div&gt;  &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Significant Unobservable Inputs &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The following tables provide quantitative information regarding the significant unobservable inputs used by the Company for assets and liabilities measured at fair value on a recurring basis as of March&#160;31, 2020 and December&#160;31, 2019: &lt;/div&gt;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="margin: 12pt auto 0px; width: 100%; font-size: 10pt; border-collapse: separate; border-spacing: 0;"&gt;
&lt;tr style="color: white; line-height: 0pt; visibility: hidden;"&gt;
&lt;td style="width: 27%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 3%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="white-space: nowrap; font-family: Arial;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 3%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 20%; font-family: Arial; padding: 0px;"/&gt;
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&lt;td style="width: 3%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="white-space: nowrap; font-family: Arial;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt; &lt;/tr&gt;
&lt;tr style="font-size: 8pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In millions &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Fair&#160;Value&#160;as&#160;of&#160;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;March&#160;31, 2020 &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Valuation Techniques &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Unobservable Input &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Range&lt;br/&gt; (Weighted Average) &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Assets of consolidated VIEs: &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Loans receivable at fair value &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;"&gt;$&lt;/td&gt;
&lt;td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;98 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Market prices adjusted for financial guarantees provided to VIE obligations &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; white-space: nowrap; font-size: 10pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Impact of financial guarantee&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(2)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;-28%&#160;-&#160;161%&#160;(19%)&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Loan repurchase commitments &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;506 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Discounted cash flow &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; white-space: nowrap; font-size: 10pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Recovery rates&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(3)&lt;/div&gt; Breach rates&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(3)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: justify; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Liabilities of consolidated VIEs: &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; text-align: justify; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; white-space: nowrap; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; text-align: justify; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Variable interest entity notes &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;281 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Market prices of VIE assets adjusted for financial guarantees provided &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Impact of financial guarantee &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; text-align: right; vertical-align: top; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal; white-space: nowrap;"&gt;34%&lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;-&lt;/div&gt;&#160;74%&#160;(60%)&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt; white-space: nowrap;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(255, 255, 255);"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;C&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;redit d&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;eri&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;vative liabilit&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;i&lt;/div&gt;es&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&#x2013;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;CMBS &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial; background-color: rgb(255, 255, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(255, 255, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt; background-color: rgb(255, 255, 255);"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;8 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(255, 255, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial; background-color: rgb(255, 255, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(255, 255, 255);"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Direct Price Model &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial; background-color: rgb(255, 255, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(255, 255, 255);"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Nonperformance risk &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial; background-color: rgb(255, 255, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(255, 255, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt; background-color: rgb(255, 255, 255);"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;54% - 54% (54%) &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(255, 255, 255);"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Other derivative liabilities &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;37 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Discounted cash flow &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Cash flows &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;$0 - $49 ($25)&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(4)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="text-align: center;"&gt; &lt;div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(1)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Weighted average represents the total MBIA guarantees as a percentage of total instrument fair value.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="margin-top: 6pt; margin-bottom: 0px;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(2)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Negative percentage represents financial guarantee policies in a receivable position.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="margin-top: 6pt; margin-bottom: 0px;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(3)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Recovery rates include assumptions about legal risk in the enforcement of the Company&#x2019;s contract and breach rates represent estimates of the percentage of ineligible loans.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="margin-top: 6pt; margin-bottom: 0px;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(4)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Midpoint of cash flows are used for the weighted average.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="margin: 12pt auto 0px; width: 100%; font-size: 10pt; border-collapse: separate; border-spacing: 0;"&gt;
&lt;tr style="font-size: 0px;"&gt;
&lt;td style="width: 90%; font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 1%; font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 1%; font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 1%; font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 1%; font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 8pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In millions &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Fair&#160;Value&#160;as&#160;of&lt;br/&gt; December&#160;31,&#160;2019 &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Valuation Techniques &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Unobservable Input &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Range &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(Weighted Average) &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Assets of consolidated VIEs: &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Loans receivable at fair&#160;value &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;"&gt;$&lt;/td&gt;
&lt;td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;136 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Market prices adjusted for financial guarantees provided to VIE obligations &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; white-space: nowrap; font-size: 10pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Impact of financial guarantee&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; text-align: right; vertical-align: top;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;-20%&lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;-&lt;/div&gt;&#160;99%&#160;(22%)&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Loan repurchase commitments &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;486 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Discounted cash flow &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; white-space: nowrap; font-size: 10pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Recovery rates&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(2)&lt;/div&gt; Breach rates&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(2)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: justify; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Liabilities of consolidated VIEs: &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; text-align: justify; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; white-space: nowrap; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; text-align: justify; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Variable interest entity notes &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;347 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Market prices of VIE assets adjusted for financial guarantees provided &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Impact of financial guarantee &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;37%&#160;-&#160;76%&#160;(61%) &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(255, 255, 255);"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;Credit d&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;e&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;rivative liabilities &#x2013;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;CMBS &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial; background-color: rgb(255, 255, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(255, 255, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt; background-color: rgb(255, 255, 255);"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;7&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(255, 255, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial; background-color: rgb(255, 255, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(255, 255, 255);"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Direct Price Model &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial; background-color: rgb(255, 255, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(255, 255, 255);"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Nonperformance risk &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial; background-color: rgb(255, 255, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(255, 255, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt; background-color: rgb(255, 255, 255);"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;54%&#160;-&#160;54% (54%) &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(255, 255, 255);"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Other derivative liabilities &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;34 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Discounted cash flow &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Cash flows &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;$0&#160;-&#160;$49 ($25)&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(3)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="text-align: center;"&gt; &lt;div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(1)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Negative percentage represents financial guarantee policies in a receivable position.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="margin-top: 6pt; margin-bottom: 0px;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(2)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Recovery rates include assumptions about legal risk in the enforcement of the Company&#x2019;s contract and breach rates represent estimates of the percentage of ineligible loans.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="margin-top: 6pt; margin-bottom: 0px;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(3)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Midpoint of cash flows are used for the weighted average.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Sensitivity of Significant Unobservable Inputs &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The significant unobservable input used in the fair value measurement of the Company&#x2019;s residential loans receivable at fair value of consolidated VIEs is the impact of the financial guarantee. The fair value of residential loans receivable is calculated by subtracting the value of the financial guarantee from the market value of VIE liabilities. The value of a financial guarantee is estimated by the Company as the present value of expected cash payments, net of recoveries, under the policy. If there had been a lower expected cash flow on the underlying loans receivable of the VIE, the value of the financial guarantee provided by the Company under the insurance policy would have been higher. This would have resulted in a lower fair value of the residential loans receivable in relation to the obligations of the VIE. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The significant unobservable inputs used in the fair value measurement of the Company&#x2019;s loan repurchase commitments of consolidated VIEs are a breach rate, which represents the percentage of ineligible loans held within a trust, and a recovery rate, which reflects the estimate of future cash receipts including legal risk in the enforcement of the Company&#x2019;s contractual rights. Significant increases or decreases in the breach rate assumptions would have resulted in significantly higher or lower fair values of the loan repurchase commitments, respectively. Additionally, changes in assumptions about the Company&#x2019;s legal risk would have impacted the recovery rate assumptions, which would have significantly impacted the fair value measurement. The estimated recoveries of the loan repurchase commitments may differ from the actual recoveries that may be received in the future. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The significant unobservable input used in the fair value measurement of the Company&#x2019;s VIE notes of consolidated VIEs is the impact of the financial guarantee. The fair value of VIE notes is calculated by adding the value of the financial guarantee to the market value of VIE assets. The value of a financial guarantee is estimated by the Company as the present value of expected cash payments under the policy. If the value of the guarantee provided by the Company to the obligations issued by the VIE had increased, the credit support would have added value to the liabilities of the VIE. This would have resulted in an increased fair value of the liabilities of the VIE. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The significant unobservable input used in the fair value measurement of MBIA Corp.&#x2019;s commercial mortgage-backed securities (&#x201c;CMBS&#x201d;) credit derivative, which is valued using the Direct Price Model, is nonperformance risk. The nonperformance risk is an assumption of MBIA Corp.&#x2019;s own ability to pay and whether MBIA Corp. will have the necessary resources to pay the obligations as they come due. Any significant increase or decrease in MBIA Corp.&#x2019;s nonperformance risk would have resulted in a decrease or increase in the fair value of the derivative liabilities, respectively. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The significant unobservable input used in the fair value measurement of MBIA Corp.&#x2019;s other derivatives, which are valued using a discounted cash flow model, is the estimates of future cash flows discounted using market rates and CDS spreads. Any significant increase or decrease in future cash flows would have resulted in an increase or decrease in the fair value of the derivative liability, respectively. &lt;/div&gt;&lt;/div&gt;  &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Fair Value Measurements &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The following tables present the fair value of the Company&#x2019;s assets (including short-term investments) and liabilities measured and reported at fair value on a recurring basis as of March&#160;31, 2020 and December&#160;31, 2019: &lt;/div&gt;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:84%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="14" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fair Value Measurements at Reporting Date Using&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Quoted&#160;Prices&#160;in&lt;br/&gt; Active Markets&lt;br/&gt; for Identical&lt;br/&gt; Assets (Level 1)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Significant&lt;br/&gt; Other&lt;br/&gt; Observable&lt;br/&gt; Inputs&lt;br/&gt; (Level 2)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Significant&lt;br/&gt; Unobservable&lt;br/&gt; Inputs (Level&lt;br/&gt; 3)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Counterparty&lt;br/&gt; and Cash&lt;br/&gt; Collateral&lt;br/&gt; Netting&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Balance&#160;as&#160;of&lt;br/&gt; March&#160;31,&lt;br/&gt; 2020&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Assets:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Fixed-maturity investments:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;763&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;105&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;868&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;192&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;192&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;11&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;11&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,234&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;22&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;22&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Commercial mortgage-backed&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;21&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;21&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Asset-backed securities:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Collateralized debt obligations&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;114&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;114&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other asset-backed&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;279&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;280&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 7em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total fixed-maturity investments&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;763&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2,261&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;3,025&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Money market securities&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;35&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;35&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Perpetual debt and equity securities&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;27&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;21&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;48&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Fixed-income fund&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;45&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(1)&lt;/div&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Cash and cash equivalents&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;212&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;212&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Derivative assets:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Non-insured&lt;/div&gt; derivative assets:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 5em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Interest rate derivatives&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:47%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:7%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:7%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:7%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:7%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:7%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="15" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fair Value Measurements at Reporting Date Using&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Quoted&#160;Prices&#160;in&lt;br/&gt; Active Markets&lt;br/&gt; for Identical&lt;br/&gt; Assets (Level 1)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Significant&lt;br/&gt; Other&lt;br/&gt; Observable&lt;br/&gt; Inputs&lt;br/&gt; (Level 2)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Significant&lt;br/&gt; Unobservable&lt;br/&gt; Inputs&lt;br/&gt; (Level&#160;3)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Counterparty&lt;br/&gt; and Cash&lt;br/&gt; Collateral&lt;br/&gt; Netting&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Balance&#160;as&#160;of&lt;br/&gt; March&#160;31,&lt;br/&gt; 2020&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Assets of consolidated VIEs:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Corporate obligations&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;8&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;8&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Mortgage-backed securities:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Residential mortgage-backed &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;non-agency &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;38&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;38&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Commercial mortgage-backed&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;15&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;15&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Asset-backed securities:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Collateralized debt obligations&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other asset-backed&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Cash&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;5&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;5&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Loans receivable at fair value:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Residential loans receivable&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;98&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;98&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Loan repurchase commitments&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;506&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;506&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other assets:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Currency derivatives&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;18&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;18&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;15&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;15&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:11pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total assets&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,042&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2,358&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;638&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;4,083&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Liabilities:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:11pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Medium-term notes&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;98&lt;/div&gt; &lt;/td&gt;
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&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;8&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;10&lt;/div&gt; &lt;/td&gt;
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&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Non-insured&lt;/div&gt; derivatives:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
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&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Variable interest entity notes&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;50&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;281&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;331&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:11pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total liabilities&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;242&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;424&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(31&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;635&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="text-align: center;"&gt; &lt;div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(1)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Investment that was measured at fair value by applying the net asset value per share practical expedient, and was required not to be classified in the fair value hierarchy.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt;  &lt;div/&gt; &lt;div style="margin-top: 1em; margin-bottom: 0em;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:56%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:8%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:8%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:8%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:8%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="11" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fair&#160;Value&#160;Measurements&#160;at&#160;Reporting&#160;Date&#160;Using&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Quoted&#160;Prices&#160;in&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Significant&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Active Markets&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Other&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Significant&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;for Identical&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Observable&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Unobservable&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Balance as of&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Assets&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Inputs&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Inputs&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;December&#160;31,&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="white-space: nowrap; vertical-align: bottom; text-align: left; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: inline-block; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;(Level 1)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;(Level 2)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;(Level 3)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;2019&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Assets:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Fixed-maturity investments:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;U.S. Treasury and government agency&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;791&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;97&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;888&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;State and municipal bonds&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;200&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;200&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Foreign governments&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;10&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;10&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Corporate obligations&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,266&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,266&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Mortgage-backed securities:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Residential mortgage-backed agency&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;330&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;330&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Residential mortgage-backed &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;non-agency &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;19&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;19&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Commercial mortgage-backed&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;22&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;22&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Asset-backed securities:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Collateralized debt obligations&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;140&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;140&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other asset-backed&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;326&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;327&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 5em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total fixed-maturity investments&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;791&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2,410&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;3,202&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Money market securities&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;154&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;154&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Perpetual debt and equity securities&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;30&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;25&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;55&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Fixed-income fund&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;51&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(1)&lt;/div&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Cash and cash equivalents&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;75&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;75&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Derivative assets:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Non-insured&lt;/div&gt; derivative assets:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Interest rate derivatives&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:57%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:7%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:7%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:7%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:7%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="11" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fair&#160;Value&#160;Measurements&#160;at&#160;Reporting&#160;Date&#160;Using&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Quoted&#160;Prices&#160;in&lt;br/&gt; Active Markets&lt;br/&gt; for Identical&lt;br/&gt; Assets (Level 1)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Significant&lt;br/&gt; Other&lt;br/&gt; Observable&lt;br/&gt; Inputs&lt;br/&gt; (Level 2)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Significant&lt;br/&gt; Unobservable&lt;br/&gt; Inputs (Level&lt;br/&gt; 3)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Balance as of&lt;br/&gt; December&#160;31,&lt;br/&gt; 2019&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Assets of consolidated VIEs:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Corporate obligations&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;8&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;8&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Mortgage-backed securities:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Residential mortgage-backed &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;non-agency &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;45&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;45&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Commercial mortgage-backed&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;16&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;16&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Asset-backed securities:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Collateralized debt obligations&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;6&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;6&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other asset-backed&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;8&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;8&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Cash&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;8&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;8&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Loans receivable at fair value:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Residential loans receivable&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;136&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;136&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Loan repurchase commitments&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;486&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;486&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other assets:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 5em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Currency derivatives&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;8&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;8&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 5em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;18&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;18&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:11pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total assets&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,058&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2,519&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;649&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;4,277&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Liabilities:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:11pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Medium-term notes&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;108&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;108&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Derivative liabilities:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Insured derivatives:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Credit derivatives&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;9&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Non-insured&lt;/div&gt; derivatives:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Interest rate derivatives&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;132&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;132&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;34&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;34&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other liabilities:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other payable&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;4&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;4&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Liabilities of consolidated VIEs:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Variable interest entity notes&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;56&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;347&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;403&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:11pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total liabilities&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;190&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;500&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;690&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="text-align: center;"&gt; &lt;div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(1)&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;- Investment that was measured at fair value by applying the net asset value per share practical expedient, and was required not to be classified in the fair value hierarchy.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Level&#160;3 assets at fair value as of March&#160;31, 2020 and December&#160;31, 2019 represented approximately 16% and 15%, respectively, of total assets measured at fair value. Level&#160;3 liabilities at fair value as of March&#160;31, 2020 and December&#160;31, 2019 represented approximately 67% and 72%, respectively, of total liabilities measured at fair value. &lt;/div&gt;&lt;/div&gt;  &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The following tables present the fair values and carrying values of the Company&#x2019;s assets and liabilities that are disclosed at fair value but not reported at fair value on the Company&#x2019;s consolidated balance sheets as of March&#160;31, 2020 and December&#160;31, 2019. The majority of the financial assets and liabilities that the Company requires fair value reporting or disclosures are valued based on the estimated value of the underlying collateral, the Company&#x2019;s or a third-party&#x2019;s estimate of discounted cash flow model estimated, or quoted market values for similar products. &lt;/div&gt;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="margin: 12pt auto 0px; width: 100%; font-size: 10pt; border-collapse: separate; border-spacing: 0;"&gt;
&lt;tr style="color: white; line-height: 0pt; visibility: hidden;"&gt;
&lt;td style="width: 84%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 1%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="white-space: nowrap; font-family: Arial;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 1%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="white-space: nowrap; font-family: Arial;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 1%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="white-space: nowrap; font-family: Arial;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 1%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="white-space: nowrap; font-family: Arial;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 1%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="white-space: nowrap; font-family: Arial;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt; &lt;/tr&gt;
&lt;tr style="font-size: 8pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="10" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Fair&#160;Value&#160;Measurements&#160;at&#160;Reporting&#160;Date&#160;Using &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 8pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In millions &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Quoted&#160;Prices&#160;in&lt;br/&gt; Active&#160;Markets&#160;for&lt;br/&gt; Identical Assets&lt;br/&gt; (Level 1) &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Significant&lt;br/&gt; Other&#160;Observable&lt;br/&gt; Inputs (Level 2) &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Significant&lt;br/&gt; Unobservable&lt;br/&gt; Inputs (Level&lt;br/&gt; 3) &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Fair&#160;Value&lt;br/&gt; Balance&#160;as&#160;of&lt;br/&gt; March&#160;31,&lt;br/&gt; 2020 &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Carry&#160;Value&lt;br/&gt; Balance&#160;as&#160;of&lt;br/&gt; March&#160;31,&lt;br/&gt; 2020 &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Assets: &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Assets of consolidated VIEs: &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"&gt;Investments &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;held-to-maturity &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;572 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;572 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;529 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Total assets &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;572 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;572 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;529 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Liabilities: &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Long-term debt &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;856 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;856 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2,261 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Medium-term notes &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;377 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;377 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;563 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Investment agreements &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;415 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;415 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;295 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Liabilities of consolidated VIEs: &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Variable interest entity notes &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;261 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;570 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;831 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;829 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Total liabilities &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;1,117 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;1,362 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2,479 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;3,948 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Financial Guarantees: &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Gross liability (recoverable) &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;723 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;723 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(177&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Ceded &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;51 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;51 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;15 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="margin: 12pt auto 0px; width: 100%; font-size: 10pt; border-collapse: separate; border-spacing: 0;"&gt;
&lt;tr style="color: white; line-height: 0pt; visibility: hidden;"&gt;
&lt;td style="width: 84%; padding: 0px;"/&gt;
&lt;td style="width: 1%; padding: 0px;"/&gt;
&lt;td style="padding: 0px;"/&gt;
&lt;td style="white-space: nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="padding: 0px;"/&gt;
&lt;td style="width: 1%; padding: 0px;"/&gt;
&lt;td style="padding: 0px;"/&gt;
&lt;td style="white-space: nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="padding: 0px;"/&gt;
&lt;td style="width: 1%; padding: 0px;"/&gt;
&lt;td style="padding: 0px;"/&gt;
&lt;td style="white-space: nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="padding: 0px;"/&gt;
&lt;td style="width: 1%; padding: 0px;"/&gt;
&lt;td style="padding: 0px;"/&gt;
&lt;td style="white-space: nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="padding: 0px;"/&gt;
&lt;td style="width: 1%; padding: 0px;"/&gt;
&lt;td style="padding: 0px;"/&gt;
&lt;td style="white-space: nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="padding: 0px;"/&gt; &lt;/tr&gt;
&lt;tr style="font-size: 1pt;"&gt;
&lt;td style="height: 16px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="height: 16px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="10" style="height: 16px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="height: 16px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="height: 16px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="height: 16px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="height: 16px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="height: 16px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="height: 16px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="height: 16px; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 8pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="10" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Fair&#160;Value&#160;Measurements&#160;at&#160;Reporting&#160;Date&#160;Using&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 8pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In millions &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Quoted&#160;Prices&#160;in&lt;br/&gt; Active&#160;Markets&#160;for&lt;br/&gt; Identical Assets&lt;br/&gt; (Level 1) &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Significant&lt;br/&gt; Other&#160;Observable&lt;br/&gt; Inputs (Level 2) &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Significant&lt;br/&gt; Unobservable&lt;br/&gt; Inputs (Level&lt;br/&gt; 3) &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Fair Value&lt;br/&gt; Balance as of&lt;br/&gt; December&#160;31,&lt;br/&gt; 2019 &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Carry Value&lt;br/&gt; Balance as of&lt;br/&gt; December&#160;31,&lt;br/&gt; 2019 &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Assets: &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Assets of consolidated VIEs: &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;Investments &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;held-to-maturity &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;892 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;892 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;890 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Total assets &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;892 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;892 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;890 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Liabilities: &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Long-term debt &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;1,073 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;1,073 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2,228 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Medium-term notes &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;396 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;396 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;570 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Investment agreements &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;394 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;394 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;304 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Liabilities of consolidated VIEs: &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Variable interest entity notes &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;261 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;892 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;1,153 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;1,136 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Total liabilities &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;1,334 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;1,682 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;3,016 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;4,238 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Financial Guarantees: &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Gross liability (recoverable) &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;556 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;556 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(311&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Ceded &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;56 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;56 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;24 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The following tables present information about changes in Level&#160;3 assets (including short-term investments) and liabilities measured at fair value on a recurring basis for the three months ended March&#160;31, 2020 and 2019: &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Changes in Level&#160;3 Assets and Liabilities Measured at Fair Value on a Recurring Basis for the Three Months Ended March&#160;31, 2020 &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:8pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:61%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:6pt;"&gt;
&lt;td style="white-space: nowrap; vertical-align: bottom; text-align: left; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: inline-block; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Balance,&lt;br/&gt; Beginning&lt;br/&gt; of Period&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Total&lt;br/&gt; Gains /&lt;br/&gt; (Losses)&lt;br/&gt; Included&lt;br/&gt; in&lt;br/&gt; Earnings&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Unrealized&lt;br/&gt; Gains /&lt;br/&gt; (Losses)&lt;br/&gt; Included&lt;br/&gt; in OCI&lt;div style="font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Purchases&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Issuances&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Settlements&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Sales&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Transfers&lt;br/&gt; into&lt;br/&gt; Level&#160;3&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Transfers&lt;br/&gt; out of&lt;br/&gt; Level&#160;3&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Ending&lt;br/&gt; Balance&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Change in&lt;br/&gt; Unrealized&lt;br/&gt; Gains&lt;br/&gt; (Losses)&#160;for&lt;br/&gt; the Period&lt;br/&gt; Included in&lt;br/&gt; Earnings&lt;br/&gt; for Assets&lt;br/&gt; still held as&lt;br/&gt; of&lt;br/&gt; March&#160;31,&lt;br/&gt; 2020&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Change in&lt;br/&gt; Unrealized&lt;br/&gt; Gains&lt;br/&gt; (Losses)&#160;for&lt;br/&gt; the Period&lt;br/&gt; Included in&lt;br/&gt; OCI for&lt;br/&gt; Assets still&lt;br/&gt; held as of&lt;br/&gt; March&#160;31,&lt;br/&gt; 2020&lt;div style="font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Assets:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other asset-backed&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Assets of consolidated VIEs:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Loans receivable- residential&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;136&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(35&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;15&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(3&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total assets&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;649&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(8&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(3&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;638&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(8&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:8pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:59%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:6pt;"&gt;
&lt;td style="white-space: nowrap; vertical-align: bottom; text-align: left; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: inline-block; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Balance,&lt;br/&gt; Beginning&lt;br/&gt; of Period&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Total&lt;br/&gt; (Gains) /&lt;br/&gt; Losses&lt;br/&gt; Included&lt;br/&gt; in&lt;br/&gt; Earnings&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Unrealized&lt;br/&gt; (Gains) /&lt;br/&gt; Losses&lt;br/&gt; Included&lt;br/&gt; in in OCI&lt;div style="font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;"&gt;(2)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Purchases&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Issuances&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Settlements&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Sales&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Transfers&lt;br/&gt; into&lt;br/&gt; Level&#160;3&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Transfers&lt;br/&gt; out of&lt;br/&gt; Level&#160;3&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Ending&lt;br/&gt; Balance&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Change in&lt;br/&gt; Unrealized&lt;br/&gt; (Gains)&lt;br/&gt; Losses for&lt;br/&gt; the Period&lt;br/&gt; Included&#160;in&lt;br/&gt; Earnings&#160;for&lt;br/&gt; Liabilities&lt;br/&gt; still held as&lt;br/&gt; of March&#160;31,&lt;br/&gt; 2020&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Change in&lt;br/&gt; Unrealized&lt;br/&gt; (Gains)&lt;br/&gt; Losses for&lt;br/&gt; the Period&lt;br/&gt; Included&#160;in&lt;br/&gt; OCI for&lt;br/&gt; Liabilities&lt;br/&gt; still held&lt;br/&gt; as of&lt;br/&gt; March&#160;31,&lt;br/&gt; 2020&lt;div style="font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;"&gt;(2)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Liabilities:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Medium-term notes&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;108&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
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&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;98&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(12&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Credit derivatives&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;8&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other derivatives&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;34&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;3&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;37&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;3&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other payable&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;4&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;347&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total liabilities&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;500&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(19&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(48&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(9&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;424&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(22&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(46&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="text-align: center;"&gt; &lt;div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(1)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Reported within the &#x201c;Unrealized gains (losses) on &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;available-for-sale&lt;/div&gt; securities&#x201d; on MBIA&#x2019;s Consolidated Statement of Comprehensive Income/Loss.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="margin-top: 6pt; margin-bottom: 0px;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(2)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Reported within the &#x201c;Instrument-specific credit risk of liabilities measured at fair value&#x201d; on MBIA&#x2019;s Consolidated Statement of Comprehensive Income/Loss.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Changes in Level&#160;3 Assets and Liabilities Measured at Fair Value on a Recurring Basis for the Three Months Ended March&#160;31, 2019 &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:8pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:64%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:6pt;"&gt;
&lt;td style="white-space: nowrap; vertical-align: bottom; text-align: left; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: inline-block; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Balance,&lt;br/&gt; Beginning&lt;br/&gt; of Period&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Total&lt;br/&gt; Gains /&lt;br/&gt; (Losses)&lt;br/&gt; Included&lt;br/&gt; in&lt;br/&gt; Earnings&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Unrealized&lt;br/&gt; Gains /&lt;br/&gt; (Losses)&lt;br/&gt; Included&lt;br/&gt; in OCI&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Purchases&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Issuances&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Settlements&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Sales&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Transfers&lt;br/&gt; into&lt;br/&gt; Level&#160;3&lt;div style="font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Transfers&lt;br/&gt; out of&lt;br/&gt; Level&#160;3&lt;div style="font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Ending&lt;br/&gt; Balance&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Change in&lt;br/&gt; Unrealized&lt;br/&gt; Gains&lt;br/&gt; (Losses)&#160;for&lt;br/&gt; the Period&lt;br/&gt; Included in&lt;br/&gt; Earnings&#160;for&lt;br/&gt; Assets still&lt;br/&gt; held as of&lt;br/&gt; March&#160;31,&lt;br/&gt; 2019&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Assets:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Commercial mortgage-backed&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;6&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other asset-backed&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;3&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Assets of consolidated VIEs:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Corporate obligations&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;5&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;5&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
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&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Collateralized debt obligations&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;14&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(3&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;14&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;15&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total assets&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;637&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;42&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(10&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;669&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;42&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:8pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:63%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:6pt;"&gt;
&lt;td style="white-space: nowrap; vertical-align: bottom; text-align: left; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: inline-block; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Balance,&lt;br/&gt; Beginning&lt;br/&gt; of Period&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Total&lt;br/&gt; (Gains) /&lt;br/&gt; Losses&lt;br/&gt; Included&lt;br/&gt; in&lt;br/&gt; Earnings&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Unrealized&lt;br/&gt; (Gains) /&lt;br/&gt; Losses&lt;br/&gt; Included&lt;br/&gt; in OCI&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Purchases&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Issuances&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Settlements&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Sales&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Transfers&lt;br/&gt; into&lt;br/&gt; Level&#160;3&lt;div style="font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Transfers&lt;br/&gt; out of&lt;br/&gt; Level&#160;3&lt;div style="font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Ending&lt;br/&gt; Balance&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Change in&lt;br/&gt; Unrealized&lt;br/&gt; (Gains)&lt;br/&gt; Losses for&lt;br/&gt; the Period&lt;br/&gt; Included&#160;in&lt;br/&gt; Earnings&#160;for&lt;br/&gt; Liabilities&lt;br/&gt; still held as&lt;br/&gt; of March&#160;31,&lt;br/&gt; 2019&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Liabilities:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Medium-term notes&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;102&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
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&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;106&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Credit derivatives&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;33&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(14&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;19&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(14&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other derivatives&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other payable&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;5&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(3&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;3&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Liabilities of consolidated VIEs:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;VIE notes&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;366&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;41&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(7&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;5&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(8&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;397&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;32&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
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&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
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&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
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&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total liabilities&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;513&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;36&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(11&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;5&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(11&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;532&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;26&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
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&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="text-align: center;"&gt; &lt;div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(1)&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;- Transferred in and out at the end of the period.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt;  &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;For the three months ended March&#160;31, 2020 and 2019, there were no transfers into or out of Level&#160;3. &lt;/div&gt;&lt;/div&gt;  &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Gains and losses (realized and unrealized) included in earnings related to Level&#160;3 assets and liabilities for the three months ended March&#160;31, 2020 and 2019 are reported on the Company&#x2019;s consolidated statements of operations as follows: &lt;/div&gt;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:8pt;border-collapse:separate;border-spacing:0;width:92%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:84%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="6" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Three&#160;Months&#160;Ended&#160;March&#160;31,&#160;2020&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="6" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Three&#160;Months&#160;Ended&#160;March&#160;31,&#160;2019&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Change in&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Change in&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Unrealized&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Unrealized&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Gains (Losses)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Gains (Losses)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;for the&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;for the&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Period Included&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Period Included&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;in Earnings&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;in Earnings&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;for Assets&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;for Assets&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;and&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;and&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Total Gains&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Liabilities still&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Total Gains&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Liabilities still&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;(Losses)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;held as of&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;(Losses)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;held as of&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Included&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;March&#160;31,&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Included&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;March&#160;31,&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;in Earnings&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;2020&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;in Earnings&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;2019&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Revenues:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Unrealized gains (losses) on insured derivatives&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;14&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;14&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Net gains (losses) on financial instruments at fair value and foreign exchange&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(5&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(5&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(7&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(7&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other net realized gains (losses)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Revenues of consolidated VIEs:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Net gains (losses) on financial instruments at fair value and foreign exchange&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;17&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;20&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;10&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;11&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;14&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;16&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Fair Value Option &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The Company elected to record at fair value certain financial instruments that are consolidated in connection with the adoption of the accounting guidance for consolidation of VIEs, among others. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The following table presents the gains and (losses) included in the Company&#x2019;s consolidated statements of operations for the three months ended March&#160;31, 2020 and 2019 for financial instruments for which the fair value option was elected: &lt;/div&gt;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="margin: 12pt auto 0px; width: 92%; font-size: 10pt; border-collapse: separate; border-spacing: 0;"&gt;
&lt;tr style="color: white; line-height: 0pt; visibility: hidden;"&gt;
&lt;td style="width: 88%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 3%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="white-space: nowrap; font-family: Arial;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 3%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="white-space: nowrap; font-family: Arial;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt; &lt;/tr&gt;
&lt;tr style="font-size: 8pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Three&#160;Months&#160;Ended&#160;March&#160;31, &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 8pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In millions &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2020 &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2019 &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Investments carried at fair value&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(20&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;6 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Fixed-maturity securities held at fair value-VIE&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(2)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(6&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;26 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Loans receivable at fair value: &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Residential mortgage loans&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(2)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(35&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;34 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Loan repurchase commitments&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(2)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;20 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;Other &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;assets-VIE&lt;/div&gt;&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(2)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(3&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Medium-term notes&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(2&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(7&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Other liabilities&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(3)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(1&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Variable interest entity notes&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(2)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;27 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;84 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="text-align: center;"&gt; &lt;div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(1)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Reported within &#x201c;Net gains (losses) of financial instruments at fair value and foreign exchange&#x201d; on MBIA&#x2019;s consolidated statements of operations.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(2)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Reported within &#x201c;Net gains (losses) of financial instruments at fair value and foreign &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;exchange-VIE&#x201d;&lt;/div&gt; on MBIA&#x2019;s consolidated statements of operations.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(3)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Reported within &#x201c;Other net realized gains (losses)&#x201d; on MBIA&#x2019;s consolidated statements of operations.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The following table reflects the difference between the aggregate fair value and the aggregate remaining contractual principal balance outstanding as of March&#160;31, 2020 and December&#160;31, 2019 for loans and notes for which the fair value option was elected: &lt;/div&gt;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:56%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="11" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;As of March&#160;31, 2020&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="11" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;As of December&#160;31, 2019&lt;/div&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Contractual&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Contractual&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Outstanding&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fair&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Outstanding&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fair&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Principal&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Value&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Difference&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Principal&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Value&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Difference&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Loans receivable at fair value:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Residential mortgage loans&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;96&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;87&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;9&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;107&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;107&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Residential mortgage loans (90 days or more past due)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;123&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;11&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;112&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;154&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;29&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;125&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total loans receivable and other instruments at fair value&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;219&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;98&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;121&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;261&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;136&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;125&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Variable interest entity notes&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,097&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;331&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;766&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,126&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;403&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;723&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Medium-term notes&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;110&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;98&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;12&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;112&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;108&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;4&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The differences between the contractual outstanding principal and the fair values on loans receivable, VIE notes and MTNs, in the preceding table, are primarily attributable to credit risk. This is due to the high rate of defaults on loans (90 days or more past due), the collateral supporting the VIE notes and the nonperformance risk of the Company on its MTNs, which resulted in depressed pricing of the financial instruments. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Instrument-Specific Credit Risk of Liabilities Elected Under the Fair Value Option &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;As of March&#160;31, 2020 and December&#160;31, 2019, the cumulative changes in instrument-specific credit risk of liabilities elected under the fair value option were losses of $59&#160;million and $107&#160;million, respectively, reported in &#x201c;Accumulated other comprehensive income&#x201d; on the Company&#x2019;s consolidated balance sheets. Changes in value attributable to instrument-specific credit risk were derived principally from changes in the Company&#x2019;s credit spread. For liabilities of VIEs, additional adjustments to instrument-specific credit risk are required, which is determined by an analysis of deal specific performance of collateral that support these liabilities. During the three months ended March&#160;31, 2020 and 2019, the portions of instrument-specific credit risk included in AOCI that were recognized in earnings due to settlement of liabilities were losses of $2&#160;million and $4&#160;million, respectively. &lt;/div&gt;&lt;/div&gt; </us-gaap:FairValueDisclosuresTextBlock>
    <us-gaap:FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock contextRef="P01_01_2020To03_31_2020">&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The following tables provide quantitative information regarding the significant unobservable inputs used by the Company for assets and liabilities measured at fair value on a recurring basis as of March&#160;31, 2020 and December&#160;31, 2019: &lt;/div&gt;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="margin: 12pt auto 0px; width: 100%; font-size: 10pt; border-collapse: separate; border-spacing: 0;"&gt;
&lt;tr style="color: white; line-height: 0pt; visibility: hidden;"&gt;
&lt;td style="width: 27%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 3%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="white-space: nowrap; font-family: Arial;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 3%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 20%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 3%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 21%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 3%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="white-space: nowrap; font-family: Arial;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt; &lt;/tr&gt;
&lt;tr style="font-size: 8pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In millions &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Fair&#160;Value&#160;as&#160;of&#160;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;March&#160;31, 2020 &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Valuation Techniques &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Unobservable Input &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Range&lt;br/&gt; (Weighted Average) &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Assets of consolidated VIEs: &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Loans receivable at fair value &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;"&gt;$&lt;/td&gt;
&lt;td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;98 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Market prices adjusted for financial guarantees provided to VIE obligations &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; white-space: nowrap; font-size: 10pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Impact of financial guarantee&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(2)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;-28%&#160;-&#160;161%&#160;(19%)&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Loan repurchase commitments &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;506 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Discounted cash flow &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; white-space: nowrap; font-size: 10pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Recovery rates&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(3)&lt;/div&gt; Breach rates&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(3)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: justify; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Liabilities of consolidated VIEs: &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; text-align: justify; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; white-space: nowrap; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; text-align: justify; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Variable interest entity notes &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;281 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Market prices of VIE assets adjusted for financial guarantees provided &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Impact of financial guarantee &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; text-align: right; vertical-align: top; white-space: nowrap; background-color: rgb(204, 238, 255);"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal; white-space: nowrap;"&gt;34%&lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;-&lt;/div&gt;&#160;74%&#160;(60%)&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt; white-space: nowrap;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(255, 255, 255);"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;C&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;redit d&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;eri&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;vative liabilit&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;i&lt;/div&gt;es&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&#x2013;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;CMBS &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial; background-color: rgb(255, 255, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(255, 255, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt; background-color: rgb(255, 255, 255);"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;8 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(255, 255, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial; background-color: rgb(255, 255, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(255, 255, 255);"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Direct Price Model &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial; background-color: rgb(255, 255, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(255, 255, 255);"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Nonperformance risk &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial; background-color: rgb(255, 255, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(255, 255, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt; background-color: rgb(255, 255, 255);"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;54% - 54% (54%) &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(255, 255, 255);"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Other derivative liabilities &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;37 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Discounted cash flow &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Cash flows &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;$0 - $49 ($25)&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(4)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="text-align: center;"&gt; &lt;div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(1)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Weighted average represents the total MBIA guarantees as a percentage of total instrument fair value.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="margin-top: 6pt; margin-bottom: 0px;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(2)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Negative percentage represents financial guarantee policies in a receivable position.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="margin-top: 6pt; margin-bottom: 0px;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(3)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Recovery rates include assumptions about legal risk in the enforcement of the Company&#x2019;s contract and breach rates represent estimates of the percentage of ineligible loans.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="margin-top: 6pt; margin-bottom: 0px;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(4)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Midpoint of cash flows are used for the weighted average.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="margin: 12pt auto 0px; width: 100%; font-size: 10pt; border-collapse: separate; border-spacing: 0;"&gt;
&lt;tr style="font-size: 0px;"&gt;
&lt;td style="width: 90%; font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 1%; font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 1%; font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 1%; font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 1%; font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 8pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In millions &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Fair&#160;Value&#160;as&#160;of&lt;br/&gt; December&#160;31,&#160;2019 &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Valuation Techniques &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Unobservable Input &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Range &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(Weighted Average) &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Assets of consolidated VIEs: &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Loans receivable at fair&#160;value &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;"&gt;$&lt;/td&gt;
&lt;td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;136 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Market prices adjusted for financial guarantees provided to VIE obligations &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; white-space: nowrap; font-size: 10pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Impact of financial guarantee&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; text-align: right; vertical-align: top;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;-20%&lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;-&lt;/div&gt;&#160;99%&#160;(22%)&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Loan repurchase commitments &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;486 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Discounted cash flow &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; white-space: nowrap; font-size: 10pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Recovery rates&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(2)&lt;/div&gt; Breach rates&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(2)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: justify; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Liabilities of consolidated VIEs: &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; text-align: justify; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; white-space: nowrap; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; text-align: justify; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Variable interest entity notes &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;347 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Market prices of VIE assets adjusted for financial guarantees provided &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Impact of financial guarantee &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt;
&lt;td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;37%&#160;-&#160;76%&#160;(61%) &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; break-inside: avoid;"&gt;
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    <us-gaap:FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock contextRef="P01_01_2020To03_31_2020">&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The following tables present the fair value of the Company&#x2019;s assets (including short-term investments) and liabilities measured and reported at fair value on a recurring basis as of March&#160;31, 2020 and December&#160;31, 2019: &lt;/div&gt;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:84%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="14" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fair Value Measurements at Reporting Date Using&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Quoted&#160;Prices&#160;in&lt;br/&gt; Active Markets&lt;br/&gt; for Identical&lt;br/&gt; Assets (Level 1)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Significant&lt;br/&gt; Other&lt;br/&gt; Observable&lt;br/&gt; Inputs&lt;br/&gt; (Level 2)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Significant&lt;br/&gt; Unobservable&lt;br/&gt; Inputs (Level&lt;br/&gt; 3)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Counterparty&lt;br/&gt; and Cash&lt;br/&gt; Collateral&lt;br/&gt; Netting&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Balance&#160;as&#160;of&lt;br/&gt; March&#160;31,&lt;br/&gt; 2020&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Assets:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Fixed-maturity investments:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;U.S. Treasury and government agency&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;763&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;105&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;868&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;State and municipal bonds&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;192&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;192&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Asset-backed securities:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Collateralized debt obligations&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;114&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;114&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other asset-backed&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;279&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;280&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 7em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total fixed-maturity investments&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;763&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2,261&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;3,025&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Money market securities&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;35&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;35&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Perpetual debt and equity securities&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;27&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;21&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;48&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Fixed-income fund&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;45&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(1)&lt;/div&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Cash and cash equivalents&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;212&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;212&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Derivative assets:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Non-insured&lt;/div&gt; derivative assets:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 5em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Interest rate derivatives&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:47%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:7%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:7%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:7%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:7%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:7%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="15" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fair Value Measurements at Reporting Date Using&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Quoted&#160;Prices&#160;in&lt;br/&gt; Active Markets&lt;br/&gt; for Identical&lt;br/&gt; Assets (Level 1)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Significant&lt;br/&gt; Other&lt;br/&gt; Observable&lt;br/&gt; Inputs&lt;br/&gt; (Level 2)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Significant&lt;br/&gt; Unobservable&lt;br/&gt; Inputs&lt;br/&gt; (Level&#160;3)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Counterparty&lt;br/&gt; and Cash&lt;br/&gt; Collateral&lt;br/&gt; Netting&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Balance&#160;as&#160;of&lt;br/&gt; March&#160;31,&lt;br/&gt; 2020&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Assets of consolidated VIEs:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Corporate obligations&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;8&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;8&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Mortgage-backed securities:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Residential mortgage-backed &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;non-agency &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;38&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;38&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Commercial mortgage-backed&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;15&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;15&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other asset-backed&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Cash&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;5&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;5&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Loans receivable at fair value:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Residential loans receivable&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;98&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;98&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Loan repurchase commitments&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;506&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;506&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other assets:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
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&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;18&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;18&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;15&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;15&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:11pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total assets&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,042&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2,358&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;638&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;4,083&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Liabilities:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:11pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Medium-term notes&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;98&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;98&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Derivative liabilities:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;331&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:11pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total liabilities&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;242&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;424&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(31&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;635&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="text-align: center;"&gt; &lt;div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(1)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Investment that was measured at fair value by applying the net asset value per share practical expedient, and was required not to be classified in the fair value hierarchy.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:56%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:8%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:8%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:8%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:8%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="11" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fair&#160;Value&#160;Measurements&#160;at&#160;Reporting&#160;Date&#160;Using&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Quoted&#160;Prices&#160;in&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Significant&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Active Markets&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Other&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Significant&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;for Identical&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Observable&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Unobservable&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Balance as of&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Assets&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Inputs&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Inputs&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;December&#160;31,&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="white-space: nowrap; vertical-align: bottom; text-align: left; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: inline-block; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;(Level 1)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;(Level 2)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;(Level 3)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;2019&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Assets:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Fixed-maturity investments:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;U.S. Treasury and government agency&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;791&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;97&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;888&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;State and municipal bonds&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;200&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;200&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Foreign governments&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;10&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;10&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Corporate obligations&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,266&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,266&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Mortgage-backed securities:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Residential mortgage-backed agency&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;330&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;330&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Residential mortgage-backed &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;non-agency &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;19&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;19&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Commercial mortgage-backed&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;22&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;22&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Asset-backed securities:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Collateralized debt obligations&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;140&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;140&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other asset-backed&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;326&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;327&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 5em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total fixed-maturity investments&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;791&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2,410&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;3,202&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Money market securities&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;154&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;154&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Perpetual debt and equity securities&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;30&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;25&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;55&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Fixed-income fund&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;51&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(1)&lt;/div&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Cash and cash equivalents&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;75&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;75&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Derivative assets:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Non-insured&lt;/div&gt; derivative assets:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Interest rate derivatives&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt;  &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div/&gt; &lt;div style="margin-top: 1em; margin-bottom: 0em;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:57%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:7%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:7%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:7%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:7%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="11" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fair&#160;Value&#160;Measurements&#160;at&#160;Reporting&#160;Date&#160;Using&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Quoted&#160;Prices&#160;in&lt;br/&gt; Active Markets&lt;br/&gt; for Identical&lt;br/&gt; Assets (Level 1)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Significant&lt;br/&gt; Other&lt;br/&gt; Observable&lt;br/&gt; Inputs&lt;br/&gt; (Level 2)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Significant&lt;br/&gt; Unobservable&lt;br/&gt; Inputs (Level&lt;br/&gt; 3)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Balance as of&lt;br/&gt; December&#160;31,&lt;br/&gt; 2019&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Assets of consolidated VIEs:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Corporate obligations&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;8&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;8&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Mortgage-backed securities:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Residential mortgage-backed &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;non-agency &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;45&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;45&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Commercial mortgage-backed&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;16&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;16&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Asset-backed securities:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Collateralized debt obligations&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;6&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;6&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other asset-backed&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;8&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;8&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Cash&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;8&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;8&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Loans receivable at fair value:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Residential loans receivable&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;136&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;136&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Loan repurchase commitments&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;486&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;486&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other assets:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 5em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Currency derivatives&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;8&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;8&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 5em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;18&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;18&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:11pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total assets&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,058&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2,519&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;649&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;4,277&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Liabilities:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:11pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Medium-term notes&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;108&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;108&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Derivative liabilities:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Insured derivatives:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Credit derivatives&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;9&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Non-insured&lt;/div&gt; derivatives:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Interest rate derivatives&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;132&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;132&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;34&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;34&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other liabilities:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other payable&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;4&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;4&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Liabilities of consolidated VIEs:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Variable interest entity notes&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;56&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;347&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;403&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:11pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total liabilities&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;190&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;500&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;690&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="text-align: center;"&gt; &lt;div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(1)&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;- Investment that was measured at fair value by applying the net asset value per share practical expedient, and was required not to be classified in the fair value hierarchy.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Level&#160;3 assets at fair value as of March&#160;31, 2020 and December&#160;31, 2019 represented approximately 16% and 15%, respectively, of total assets measured at fair value. Level&#160;3 liabilities at fair value as of March&#160;31, 2020 and December&#160;31, 2019 represented approximately 67% and 72%, respectively, of total liabilities measured at fair value. &lt;/div&gt;&lt;/div&gt; </us-gaap:FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock>
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&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Assets of consolidated VIEs: &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"&gt;Investments &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;held-to-maturity &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;572 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;572 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;529 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Total assets &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;572 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;572 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;529 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Liabilities: &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Long-term debt &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;856 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;856 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2,261 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Medium-term notes &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;377 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;377 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;563 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Investment agreements &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;415 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;415 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;295 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Liabilities of consolidated VIEs: &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Variable interest entity notes &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;261 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;570 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;831 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;829 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Total liabilities &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;1,117 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;1,362 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2,479 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;3,948 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Financial Guarantees: &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Gross liability (recoverable) &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;723 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;723 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(177&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Ceded &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;51 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;51 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;15 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="margin: 12pt auto 0px; width: 100%; font-size: 10pt; border-collapse: separate; border-spacing: 0;"&gt;
&lt;tr style="color: white; line-height: 0pt; visibility: hidden;"&gt;
&lt;td style="width: 84%; padding: 0px;"/&gt;
&lt;td style="width: 1%; padding: 0px;"/&gt;
&lt;td style="padding: 0px;"/&gt;
&lt;td style="white-space: nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="padding: 0px;"/&gt;
&lt;td style="width: 1%; padding: 0px;"/&gt;
&lt;td style="padding: 0px;"/&gt;
&lt;td style="white-space: nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="padding: 0px;"/&gt;
&lt;td style="width: 1%; padding: 0px;"/&gt;
&lt;td style="padding: 0px;"/&gt;
&lt;td style="white-space: nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="padding: 0px;"/&gt;
&lt;td style="width: 1%; padding: 0px;"/&gt;
&lt;td style="padding: 0px;"/&gt;
&lt;td style="white-space: nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="padding: 0px;"/&gt;
&lt;td style="width: 1%; padding: 0px;"/&gt;
&lt;td style="padding: 0px;"/&gt;
&lt;td style="white-space: nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="padding: 0px;"/&gt; &lt;/tr&gt;
&lt;tr style="font-size: 1pt;"&gt;
&lt;td style="height: 16px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="height: 16px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="10" style="height: 16px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="height: 16px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="height: 16px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="height: 16px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="height: 16px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="height: 16px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="height: 16px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="height: 16px; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 8pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="10" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Fair&#160;Value&#160;Measurements&#160;at&#160;Reporting&#160;Date&#160;Using&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 8pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In millions &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Quoted&#160;Prices&#160;in&lt;br/&gt; Active&#160;Markets&#160;for&lt;br/&gt; Identical Assets&lt;br/&gt; (Level 1) &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Significant&lt;br/&gt; Other&#160;Observable&lt;br/&gt; Inputs (Level 2) &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Significant&lt;br/&gt; Unobservable&lt;br/&gt; Inputs (Level&lt;br/&gt; 3) &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Fair Value&lt;br/&gt; Balance as of&lt;br/&gt; December&#160;31,&lt;br/&gt; 2019 &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Carry Value&lt;br/&gt; Balance as of&lt;br/&gt; December&#160;31,&lt;br/&gt; 2019 &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Assets: &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Assets of consolidated VIEs: &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;Investments &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;held-to-maturity &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;892 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;892 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;890 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Total assets &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;892 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;892 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;890 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Liabilities: &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Long-term debt &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;1,073 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;1,073 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2,228 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Medium-term notes &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;396 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;396 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;570 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Investment agreements &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;394 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;394 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;304 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Liabilities of consolidated VIEs: &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Variable interest entity notes &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;261 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;892 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;1,153 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;1,136 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Total liabilities &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;1,334 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;1,682 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;3,016 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;4,238 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Financial Guarantees: &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
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&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
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&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
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&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
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&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
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&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
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&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
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&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
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&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
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&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
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&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
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&lt;td style="white-space: nowrap; vertical-align: bottom; text-align: left; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: inline-block; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Balance,&lt;br/&gt; Beginning&lt;br/&gt; of Period&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Total&lt;br/&gt; Gains /&lt;br/&gt; (Losses)&lt;br/&gt; Included&lt;br/&gt; in&lt;br/&gt; Earnings&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Unrealized&lt;br/&gt; Gains /&lt;br/&gt; (Losses)&lt;br/&gt; Included&lt;br/&gt; in OCI&lt;div style="font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Purchases&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Issuances&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Settlements&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Sales&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Transfers&lt;br/&gt; into&lt;br/&gt; Level&#160;3&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Transfers&lt;br/&gt; out of&lt;br/&gt; Level&#160;3&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Ending&lt;br/&gt; Balance&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Change in&lt;br/&gt; Unrealized&lt;br/&gt; Gains&lt;br/&gt; (Losses)&#160;for&lt;br/&gt; the Period&lt;br/&gt; Included in&lt;br/&gt; Earnings&lt;br/&gt; for Assets&lt;br/&gt; still held as&lt;br/&gt; of&lt;br/&gt; March&#160;31,&lt;br/&gt; 2020&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Change in&lt;br/&gt; Unrealized&lt;br/&gt; Gains&lt;br/&gt; (Losses)&#160;for&lt;br/&gt; the Period&lt;br/&gt; Included in&lt;br/&gt; OCI for&lt;br/&gt; Assets still&lt;br/&gt; held as of&lt;br/&gt; March&#160;31,&lt;br/&gt; 2020&lt;div style="font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Assets:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other asset-backed&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;"&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;136&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;98&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Loan repurchase commitments&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;486&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;506&lt;/div&gt; &lt;/td&gt;
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&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Currency derivatives&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(3&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total assets&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;649&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(8&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(3&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;638&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(8&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Changes in Level&#160;3 Assets and Liabilities Measured at Fair Value on a Recurring Basis for the Three Months Ended March&#160;31, 2019 &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:8pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:64%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:6pt;"&gt;
&lt;td style="white-space: nowrap; vertical-align: bottom; text-align: left; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: inline-block; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Balance,&lt;br/&gt; Beginning&lt;br/&gt; of Period&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Total&lt;br/&gt; Gains /&lt;br/&gt; (Losses)&lt;br/&gt; Included&lt;br/&gt; in&lt;br/&gt; Earnings&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Unrealized&lt;br/&gt; Gains /&lt;br/&gt; (Losses)&lt;br/&gt; Included&lt;br/&gt; in OCI&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Purchases&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Issuances&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Settlements&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Sales&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Transfers&lt;br/&gt; into&lt;br/&gt; Level&#160;3&lt;div style="font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Transfers&lt;br/&gt; out of&lt;br/&gt; Level&#160;3&lt;div style="font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Ending&lt;br/&gt; Balance&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Change in&lt;br/&gt; Unrealized&lt;br/&gt; Gains&lt;br/&gt; (Losses)&#160;for&lt;br/&gt; the Period&lt;br/&gt; Included in&lt;br/&gt; Earnings&#160;for&lt;br/&gt; Assets still&lt;br/&gt; held as of&lt;br/&gt; March&#160;31,&lt;br/&gt; 2019&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Assets:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Commercial mortgage-backed&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;6&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other asset-backed&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;3&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Assets of consolidated VIEs:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Corporate obligations&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;5&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;5&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Collateralized debt obligations&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;172&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;14&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(3&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;14&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;15&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total assets&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;637&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;42&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(10&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;669&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;42&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
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&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
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&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
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&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
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&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
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&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
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&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
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&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Ending&lt;br/&gt; Balance&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Change in&lt;br/&gt; Unrealized&lt;br/&gt; (Gains)&lt;br/&gt; Losses for&lt;br/&gt; the Period&lt;br/&gt; Included&#160;in&lt;br/&gt; Earnings&#160;for&lt;br/&gt; Liabilities&lt;br/&gt; still held as&lt;br/&gt; of March&#160;31,&lt;br/&gt; 2020&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Change in&lt;br/&gt; Unrealized&lt;br/&gt; (Gains)&lt;br/&gt; Losses for&lt;br/&gt; the Period&lt;br/&gt; Included&#160;in&lt;br/&gt; OCI for&lt;br/&gt; Liabilities&lt;br/&gt; still held&lt;br/&gt; as of&lt;br/&gt; March&#160;31,&lt;br/&gt; 2020&lt;div style="font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;"&gt;(2)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Liabilities:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Medium-term notes&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;108&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(12&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;98&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(12&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Credit derivatives&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;8&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other derivatives&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;34&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;3&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;37&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;3&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other payable&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;VIE notes&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;347&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(25&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(36&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(5&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;281&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(28&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(34&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
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&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
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&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total liabilities&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;500&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(19&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(48&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(9&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;424&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(22&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(46&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
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&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
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&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
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&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
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&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="text-align: center;"&gt; &lt;div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(1)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Reported within the &#x201c;Unrealized gains (losses) on &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;available-for-sale&lt;/div&gt; securities&#x201d; on MBIA&#x2019;s Consolidated Statement of Comprehensive Income/Loss.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="margin-top: 6pt; margin-bottom: 0px;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(2)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Reported within the &#x201c;Instrument-specific credit risk of liabilities measured at fair value&#x201d; on MBIA&#x2019;s Consolidated Statement of Comprehensive Income/Loss.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:8pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:63%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="width:1%;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:6pt;"&gt;
&lt;td style="white-space: nowrap; vertical-align: bottom; text-align: left; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: inline-block; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Balance,&lt;br/&gt; Beginning&lt;br/&gt; of Period&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Total&lt;br/&gt; (Gains) /&lt;br/&gt; Losses&lt;br/&gt; Included&lt;br/&gt; in&lt;br/&gt; Earnings&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Unrealized&lt;br/&gt; (Gains) /&lt;br/&gt; Losses&lt;br/&gt; Included&lt;br/&gt; in OCI&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Purchases&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Issuances&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Settlements&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Sales&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Transfers&lt;br/&gt; into&lt;br/&gt; Level&#160;3&lt;div style="font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Transfers&lt;br/&gt; out of&lt;br/&gt; Level&#160;3&lt;div style="font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Ending&lt;br/&gt; Balance&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Change in&lt;br/&gt; Unrealized&lt;br/&gt; (Gains)&lt;br/&gt; Losses for&lt;br/&gt; the Period&lt;br/&gt; Included&#160;in&lt;br/&gt; Earnings&#160;for&lt;br/&gt; Liabilities&lt;br/&gt; still held as&lt;br/&gt; of March&#160;31,&lt;br/&gt; 2019&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Liabilities:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Medium-term notes&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;102&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;106&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Credit derivatives&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;33&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(14&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;19&lt;/div&gt; &lt;/td&gt;
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&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other derivatives&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other payable&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;5&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(3&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;3&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Liabilities of consolidated VIEs:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;VIE notes&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;366&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;41&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;5&lt;/div&gt; &lt;/td&gt;
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&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total liabilities&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;513&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;36&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(11&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;5&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(11&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;532&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;26&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="text-align: center;"&gt; &lt;div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt;
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&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(1)&lt;/td&gt;
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&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Unrealized&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Unrealized&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Gains (Losses)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Gains (Losses)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;for the&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;for the&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Period Included&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Period Included&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;in Earnings&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;in Earnings&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;for Assets&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;for Assets&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;and&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;and&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Total Gains&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Liabilities still&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Total Gains&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Liabilities still&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;(Losses)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;held as of&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;(Losses)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;held as of&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Included&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;March&#160;31,&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Included&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;March&#160;31,&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;in Earnings&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;2020&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;in Earnings&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;2019&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Revenues:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Unrealized gains (losses) on insured derivatives&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;14&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;14&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Net gains (losses) on financial instruments at fair value and foreign exchange&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(5&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(5&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(7&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(7&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other net realized gains (losses)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Revenues of consolidated VIEs:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Net gains (losses) on financial instruments at fair value and foreign exchange&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;17&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;20&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;10&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;11&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;14&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;16&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
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&lt;td style="width: 88%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 3%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="white-space: nowrap; font-family: Arial;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 3%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="white-space: nowrap; font-family: Arial;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt; &lt;/tr&gt;
&lt;tr style="font-size: 8pt; page-break-inside: avoid;"&gt;
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&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Three&#160;Months&#160;Ended&#160;March&#160;31, &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
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&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2019 &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Investments carried at fair value&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(20&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;6 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Fixed-maturity securities held at fair value-VIE&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(2)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(6&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;26 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Loans receivable at fair value: &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Residential mortgage loans&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(2)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(35&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;34 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Loan repurchase commitments&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(2)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;20 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;Other &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;assets-VIE&lt;/div&gt;&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(2)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(3&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Medium-term notes&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(2&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(7&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Other liabilities&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(3)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(1&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Variable interest entity notes&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(2)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;27 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;84 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="text-align: center;"&gt; &lt;div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(1)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Reported within &#x201c;Net gains (losses) of financial instruments at fair value and foreign exchange&#x201d; on MBIA&#x2019;s consolidated statements of operations.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(2)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Reported within &#x201c;Net gains (losses) of financial instruments at fair value and foreign &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;exchange-VIE&#x201d;&lt;/div&gt; on MBIA&#x2019;s consolidated statements of operations.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(3)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Reported within &#x201c;Other net realized gains (losses)&#x201d; on MBIA&#x2019;s consolidated statements of operations.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt;</us-gaap:FairValueOptionQuantitativeDisclosuresTextBlock>
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      contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_InvestmentsCarriedAtFairValueMemberusgaapInvestmentTypeAxis"
      decimals="-6"
      id="Fact_12967110"
      unitRef="Unit_USD">-20000000</mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange>
    <mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange
      contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_InvestmentsCarriedAtFairValueMemberusgaapInvestmentTypeAxis"
      decimals="-6"
      id="Fact_12967111"
      unitRef="Unit_USD">6000000</mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange>
    <mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange
      contextRef="P01_01_2020To03_31_2020_FixedMaturitySecuritiesHeldAtFairValueVieMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis"
      decimals="-6"
      id="Fact_12967112"
      unitRef="Unit_USD">-6000000</mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange>
    <mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange
      contextRef="P01_01_2019To03_31_2019_FixedMaturitySecuritiesHeldAtFairValueVieMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis"
      decimals="-6"
      id="Fact_12967113"
      unitRef="Unit_USD">26000000</mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange>
    <mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange
      contextRef="P01_01_2020To03_31_2020_LoansReceivableMemberusgaapInvestmentTypeAxis_ResidentialMortgageLoansMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis"
      decimals="-6"
      id="Fact_12967114"
      unitRef="Unit_USD">-35000000</mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange>
    <mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange
      contextRef="P01_01_2019To03_31_2019_LoansReceivableMemberusgaapInvestmentTypeAxis_ResidentialMortgageLoansMemberusgaapAccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis"
      decimals="-6"
      id="Fact_12967115"
      unitRef="Unit_USD">34000000</mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange>
    <mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange
      contextRef="P01_01_2020To03_31_2020_LoanRepurchaseCommitmentsMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis"
      decimals="-6"
      id="Fact_12967116"
      unitRef="Unit_USD">20000000</mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange>
    <mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange
      contextRef="P01_01_2019To03_31_2019_LoanRepurchaseCommitmentsMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis"
      decimals="-6"
      id="Fact_12967117"
      unitRef="Unit_USD">2000000</mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange>
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      contextRef="P01_01_2020To03_31_2020_OtherAssetsMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis"
      decimals="-6"
      id="Fact_12967124"
      unitRef="Unit_USD">-3000000</mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange>
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      contextRef="P01_01_2019To03_31_2019_OtherAssetsMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis"
      decimals="-6"
      id="Fact_12967125"
      unitRef="Unit_USD">0</mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange>
    <mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange
      contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_MediumTermNotesMemberusgaapInvestmentTypeAxis"
      decimals="-6"
      id="Fact_12967118"
      unitRef="Unit_USD">-2000000</mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange>
    <mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange
      contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_MediumTermNotesMemberusgaapInvestmentTypeAxis"
      decimals="-6"
      id="Fact_12967119"
      unitRef="Unit_USD">-7000000</mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange>
    <mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange
      contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_OtherLiabilitiesMemberusgaapInvestmentTypeAxis"
      decimals="-6"
      id="Fact_12967120"
      unitRef="Unit_USD">0</mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange>
    <mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange
      contextRef="P01_01_2019To03_31_2019_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_OtherLiabilitiesMemberusgaapInvestmentTypeAxis"
      decimals="-6"
      id="Fact_12967121"
      unitRef="Unit_USD">-1000000</mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange>
    <mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange
      contextRef="P01_01_2020To03_31_2020_VariableInterestEntityNotesMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis"
      decimals="-6"
      id="Fact_12967122"
      unitRef="Unit_USD">27000000</mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange>
    <mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange
      contextRef="P01_01_2019To03_31_2019_VariableInterestEntityNotesMemberusgaapInvestmentTypeAxis_VariableInterestEntityPrimaryBeneficiaryMembersrtConsolidatedEntitiesAxis"
      decimals="-6"
      id="Fact_12967123"
      unitRef="Unit_USD">84000000</mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange>
    <mbi:DifferenceBetweenAggregateFairValueAndAggregateRemainingContractualPrincipalForLoansAndLongTermDebtForWhichFairValueOptionHasBeenElectedTableTextBlock contextRef="P01_01_2020To03_31_2020">
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:56%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="11" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;As of March&#160;31, 2020&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="11" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;As of December&#160;31, 2019&lt;/div&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Contractual&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Contractual&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Outstanding&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fair&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Outstanding&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fair&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Principal&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Value&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Difference&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Principal&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Value&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Difference&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Loans receivable at fair value:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Residential mortgage loans&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;96&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;87&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;9&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;107&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;107&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Residential mortgage loans (90 days or more past due)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;123&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;11&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;112&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;154&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;29&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;125&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total loans receivable and other instruments at fair value&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;219&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;98&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;121&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;261&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;136&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;125&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Variable interest entity notes&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,097&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;331&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;766&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,126&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;403&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;723&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Medium-term notes&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;110&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;98&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
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&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
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      unitRef="Unit_USD">219000000</mbi:FairValueOptionContractualOutstandingPrincipalLoansReceivable>
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      unitRef="Unit_USD">98000000</mbi:FairValueOptionAggregateFairValueLoansReceivable>
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      unitRef="Unit_USD">121000000</us-gaap:FairValueOptionAggregateDifferencesLoansAndLongTermReceivables>
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      unitRef="Unit_USD">261000000</mbi:FairValueOptionContractualOutstandingPrincipalLoansReceivable>
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      unitRef="Unit_USD">136000000</mbi:FairValueOptionAggregateFairValueLoansReceivable>
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&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
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&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
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&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
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&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Allowance&lt;br/&gt; for Credit&lt;br/&gt; Losses&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Gross&lt;br/&gt; Unrealized&lt;br/&gt; Gains&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Gross&lt;br/&gt; Unrealized&lt;br/&gt; Losses&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fair&lt;br/&gt; Value&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="white-space: nowrap; vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; font-weight: normal; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;AFS Investments&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Fixed-maturity investments:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;U.S. Treasury and government agency&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;758&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;101&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;859&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;State and municipal bonds&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;168&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;23&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;191&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Foreign governments&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;10&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;9&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Corporate obligations&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,114&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;90&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(33&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,171&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;274&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;21&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;19&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;275&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total AFS investments&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2,771&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;223&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(63&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2,931&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; font-weight: normal; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;HTM Investments&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Assets of consolidated VIEs:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Corporate obligations&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;575&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(46&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;43&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;572&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total HTM investments&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;575&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(46&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;43&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;572&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The following tables present the amortized cost, fair value, corresponding gross unrealized gains and losses and OTTI for AFS and HTM investments in the Company&#x2019;s consolidated investment portfolio as of December&#160;31, 2019: &lt;/div&gt;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:60%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:5%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:5%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:5%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:5%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:5%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="19" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;December&#160;31, 2019&lt;/div&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Amortized&lt;/div&gt;&lt;/div&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Cost&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Gross&lt;/div&gt;&lt;/div&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Unrealized&lt;/div&gt;&lt;/div&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Gains&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Gross&lt;/div&gt;&lt;/div&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Unrealized&lt;/div&gt;&lt;/div&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Losses&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fair&lt;/div&gt;&lt;/div&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Value&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Other-Than-&lt;/div&gt;&lt;/div&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Temporary&lt;/div&gt;&lt;/div&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Impairments&lt;div style="font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; font-weight: normal; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;AFS Investments&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Fixed-maturity investments:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;U.S. Treasury and government agency&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;838&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;46&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(2&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;882&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;State and municipal bonds&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;178&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;22&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;200&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Foreign governments&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;8&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;9&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Corporate obligations&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,140&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;52&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,191&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Mortgage-backed securities:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Residential mortgage-backed agency&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;317&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;3&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;320&lt;/div&gt; &lt;/td&gt;
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&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Residential mortgage-backed &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;non-agency &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;23&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(5&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;19&lt;/div&gt; &lt;/td&gt;
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&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Commercial mortgage-backed&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;20&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;20&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Asset-backed securities:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Collateralized debt obligations&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;139&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(2&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;137&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other asset-backed&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;321&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;321&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total AFS investments&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2,984&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;126&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(11&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;3,099&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; font-weight: normal; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;HTM Investments&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Assets of consolidated VIEs:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Corporate obligations&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;890&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;892&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total HTM investments&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;890&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;892&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="text-align: center;"&gt; &lt;div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(1)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Represents unrealized gains or losses on OTTI securities recognized in AOCI, which includes the &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;non-credit&lt;/div&gt; component of impairments, as well as all subsequent changes in fair value of such impaired securities reported in AOCI.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt;  &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;HTM investments declined due to the early redemption of assets and liabilities within a structured finance VIE that was deconsolidated during the first quarter of 2020. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The following table presents the distribution by contractual maturity of AFS and HTM fixed-maturity securities at amortized cost, net of allowance for credit losses, and fair value as of March&#160;31, 2020. Contractual maturity may differ from expected maturity as borrowers may have the right to call or prepay obligations. &lt;/div&gt;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:70%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:4%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:4%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:4%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:4%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;AFS Securities&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;HTM Securities&lt;/div&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Consolidated VIEs&lt;/div&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Net&lt;br/&gt; Amortized&lt;br/&gt; Cost&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fair&#160;Value&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Net&lt;br/&gt; Amortized&lt;br/&gt; Cost&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fair&#160;Value&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Due in one year or less&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;476&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;476&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Due after one year through five years&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;500&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;506&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Due after five years through ten years&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;345&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;357&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Due after ten years&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;729&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;891&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;529&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;572&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Mortgage-backed and asset-backed&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;721&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;701&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total fixed-maturity investments&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2,771&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2,931&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;529&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;572&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Deposited and Pledged Securities &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The fair value of securities on deposit with various regulatory authorities as of March&#160;31, 2020 and December&#160;31, 2019 was $11&#160;million. These deposits are required to comply with state insurance laws. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Pursuant to the Company&#x2019;s tax sharing agreement, securities held by MBIA Inc. in the Tax Escrow Account are included as &#x201c;Investments pledged as collateral, at fair value&#x201d; on the Company&#x2019;s consolidated balance sheets. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Investment agreement obligations require the Company to pledge securities as collateral. Securities pledged in connection with investment agreements may not be repledged by the investment agreement counterparty. As of March&#160;31, 2020 and December&#160;31, 2019, the fair value of securities pledged as collateral for these investment agreements approximated $299&#160;million and $313&#160;million, respectively. The Company&#x2019;s collateral as of March&#160;31, 2020 consisted principally of U.S. Treasury and government agency and corporate obligations, and was primarily held with major U.S. banks. Additionally, the Company pledged cash as collateral under investment agreements in the amount of $8&#160;million as of March&#160;31, 2020. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Refer to &#x201c;Note 8: Derivative Instruments&#x201d; for information about securities posted to derivative counterparties. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Impaired Investments &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;The following table presents the &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;non-credit&lt;/div&gt; related gross unrealized losses related to AFS investments as of March&#160;31, 2020:&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:59%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="23" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;March&#160;31, 2020&lt;/div&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Less&#160;than&#160;12&#160;Months&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;12&#160;Months&#160;or&#160;Longer&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Total&lt;/div&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fair&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Unrealized&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fair&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Unrealized&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fair&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Unrealized&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Value&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Losses&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Value&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Losses&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Value&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Losses&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; font-weight: normal; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;AFS Investments&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
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&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;State and municipal bonds&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;31&lt;/div&gt; &lt;/td&gt;
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&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Foreign governments&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Collateralized debt obligations&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;49&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;64&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;170&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total AFS investments&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;761&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(40&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;79&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(23&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;840&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(63&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The following table presents the gross unrealized losses related to AFS investments as of December&#160;31, 2019: &lt;/div&gt;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:60%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="23" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;December&#160;31, 2019&lt;/div&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Less than 12&lt;br/&gt; Months&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;12 Months or&lt;br/&gt; Longer&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Total&lt;/div&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fair&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Unrealized&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fair&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Unrealized&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fair&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Unrealized&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Value&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Losses&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Value&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Losses&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Value&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Losses&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; font-weight: normal; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;AFS Investments&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
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&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Fixed-maturity investments:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;U.S. Treasury and government agency&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;148&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(1&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;79&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(1&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;227&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(2&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;State and municipal bonds&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;11&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;15&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;26&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
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&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Corporate obligations&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;53&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(1&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;10&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;63&lt;/div&gt; &lt;/td&gt;
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&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;62&lt;/div&gt; &lt;/td&gt;
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&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;44&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;48&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;55&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total AFS investments&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;371&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(3&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;206&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(8&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;577&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(11&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt;  &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Gross unrealized losses on AFS investments increased as of March&#160;31, 2020 compared with December&#160;31, 2019 primarily due to widening credit spreads, partially offset by lower interest rates. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;With the weighting applied on the fair value of each security relative to the total fair value, the weighted average contractual maturity of securities in an unrealized loss position as of March&#160;31, 2020 and December&#160;31, 2019 was 8 and 10 years, respectively. As of March&#160;31, 2020 and December&#160;31, 2019, there were 42 and 63 securities, respectively, that were in an unrealized loss position for a continuous twelve-month period or longer, of which, fair values of 41 and 16 securities, respectively, were below book value by more than 5%. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The following table presents the distribution of securities in an unrealized loss position for a continuous twelve-month period or longer where fair value was below book value by more than 5% as of March&#160;31, 2020: &lt;/div&gt;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:75%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:6%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:6%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:6%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="11" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;AFS Securities&lt;/div&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Percentage of Fair Value Below Book Value&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Number&#160;of&lt;br/&gt; Securities&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Book Value&lt;br/&gt; (in&#160;millions)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fair&#160;Value&lt;br/&gt; (in&#160;millions)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&amp;gt; 5% to 15%&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;8&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;21&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;20&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&amp;gt; 15% to 25%&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;18&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;48&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;38&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&amp;gt; 25% to 50%&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;13&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;33&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;21&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&amp;gt; 50%&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;41&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;102&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;79&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The Company concluded that it does not have the intent to sell securities in an unrealized loss position and it is more likely than not, that it would not have to sell these securities before recovery of their cost basis. In making this conclusion, the Company examined the cash flow projections for its investment portfolios, the potential sources and uses of cash in its businesses, and the cash resources available to its business other than sales of securities. It also considered the existence of any risk management or other plans as of March&#160;31, 2020 that would require the sale of impaired securities. Impaired securities that the Company intends to sell before the expected recovery of such securities&#x2019; fair values have been written down to fair value. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Credit Losses on Investments &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In calculating credit-related losses, the Company uses cash flow modeling based on the type of security. The Company&#x2019;s cash flow analysis considers all sources of cash that support the payment of amounts owed by an issuer of a security. For AFS investments, this includes the credit enhancement taking into the consideration of cash expected to be provided by financial guarantors, including MBIA Corp. and National, resulting from an actual or potential insurance policy claim. In general, any change in the amount and/or timing of cash flows received or expected to be received, whether or not such cash flows are contractually defined, is reflected in the Company&#x2019;s cash flow analysis for purposes of assessing a credit loss on an impaired security. &lt;/div&gt;&lt;/div&gt;  &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Each quarter, an internal committee, comprising staff that is independent of the Company&#x2019;s evaluation process for determining credit losses of securities, reviews and approves the valuation of investments. Among other responsibilities, this committee ensures that the Company&#x2019;s process for identifying and calculating allowance for credit losses, including the use of models and assumptions, is reasonable and complies with the Company&#x2019;s internal policy. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Determination of Credit Losses on ABS, MBS and Corporate Obligations &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;AFS ABS investments are evaluated for credit loss using historical collateral performance, deal waterfall and structural protections, credit ratings, and forward looking projections of collateral performance based on business and economic conditions specific to each collateral type and risk. The underlying collateral is evaluated to identify any specific performance concerns, and stress scenarios are considered in forecasting ultimate returns of principal. Based on this evaluation, if a principal default is projected for a security, estimated future cash flows are discounted at the security&#x2019;s effective interest rate used to recognize interest income on the security. For CDO investments, the Company uses the same tools as its RMBS investments discussed below, aggregating the bond level cash flows to the CDO investment level. If the present value of cash flows is less than the Company&#x2019;s amortized cost for the security, the difference is recorded as a credit loss. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;AFS RMBS investments are evaluated for credit losses using several quantitative tools. Loan level data is obtained and analyzed in a model that produces prepayment, default, and severity vectors. The model uses macro inputs, including housing price assumptions and interest rates. The vector outputs are used as inputs to a third-party cash flow model, which considers deal waterfall dynamics and structural features, to generate cash flows for an RMBS investment. The expected cash flows of the security are then discounted at the interest rate used to recognize interest income of the security to arrive at a present value amount. If the present value of the cash flows is less than the Company&#x2019;s amortized cost for the investment, the difference is recorded as a credit loss. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;For AFS corporate obligation investments, credit losses are evaluated using credit analysis techniques. The Company&#x2019;s analysis includes a detailed review of a number of quantitative and qualitative factors impacting the value of an individual security. These factors include the interest rate of the security (fixed or floating), the security&#x2019;s current market spread, any collateral supporting the security, the security&#x2019;s position in the issuer&#x2019;s capital structure, and credit rating upgrades or downgrades. Additionally, these factors include an assessment of various issuer-related credit metrics including market capitalization, earnings, cash flow, capitalization, interest coverage, leverage, liquidity and management. The Company&#x2019;s analysis is augmented by comparing market prices for similar securities of other issuers in the same sector, as well as any recent corporate or government actions that may impact the ultimate return of principal. If the Company determines that a principal default is projected, a recovery analysis is performed using the above data. If the Company&#x2019;s estimated recovery value for the security is less than its amortized cost, the difference is recorded as a credit loss. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;For HTM corporate obligation investments, credit losses are evaluated based on quarterly estimates of the probability-weighted amount of principal and interest cash flows expected to be collected over the estimated remaining lives of the security. Developing the Company&#x2019;s probability-weighted expected future cash flows is a quantitative and qualitative process that incorporates information received from third-party sources along with certain internal assumptions regarding the future performance. The Company&#x2019;s considerations include, but are not limited to, (a)&#160;changes in the financial conditions of the security&#x2019;s underlying collateral, (b)&#160;whether the issuer is current on contractually obligated interest and principal payments, (c)&#160;changes in the financial condition, credit rating and near-term prospects of the issuer, (d)&#160;level of excess cash flows generated from the underlying collateral supporting the principal and interest payments of the security. Estimates of collectability require the use of significant management judgment and include the probability and timing of issuer&#x2019;s default and loss severity estimates. In addition, cash flow projections may change when these factors are reviewed and updated as appropriate. &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Determination of Credit Loss Guaranteed by the Company on Other Third-Party Guarantors &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The Company does not recognize credit losses on securities insured by MBIA Corp. and National since those securities, whether or not owned by the Company, are evaluated for impairments in accordance with its loss reserving policy. The following table provides information about securities held by the Company as of March&#160;31, 2020 that were in an unrealized loss position and insured by a financial guarantor, along with the amount of insurance loss reserves corresponding to the par amount owned by the Company: &lt;/div&gt;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:68%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:56%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:13%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:13%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:13%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fair&#160;Value&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Unrealized&lt;br/&gt; Loss&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: bold; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Insurance&#160;Loss&lt;br/&gt; &lt;div style="font-weight: normal; font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Reserve&lt;/div&gt;&lt;/div&gt;&lt;div style="font-weight: normal; font-style: normal; font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;"&gt;(2)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Mortgage-backed:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;MBIA&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;9&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(6)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;22&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="text-align: center;"&gt; &lt;div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; margin-left: 16%; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px; table-layout: fixed;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 16%; text-align: left;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 3%; vertical-align: top;"&gt;(1)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Includes investments insured by MBIA Corp. and National.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="margin-top: 6pt; margin-bottom: 0px;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px; table-layout: fixed;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 16%; text-align: left;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 3%; vertical-align: top;"&gt;(2)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Insurance loss reserve estimates are based on the proportion of par value owned to the total amount of par value insured.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 0pt; margin-bottom: 0pt;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Allowance for Credit Losses Rollforward &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The Company did not establish an allowance for credit losses for AFS securities as of March&#160;31, 2020 or purchase any credit-deteriorated assets for the three months ended March&#160;31, 2020. &lt;/div&gt;&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The following table presents the rollforward of allowance for credit losses on HTM investments for the three months ended March&#160;31, 2020: &lt;/div&gt;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:50%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:6%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:6%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:6%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:6%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:6%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:6%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td rowspan="2" style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td rowspan="2" style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="15" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Three Months Ended March&#160;31, 2020&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Balance&lt;br/&gt;as of&lt;/div&gt;&lt;/div&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;January&#160;1,&lt;br/&gt;2020&lt;div style="font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;"&gt;1&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Current&#160;period&lt;br/&gt;provision for&lt;br/&gt;expected&lt;br/&gt;credit losses&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Initial&lt;br/&gt;allowance&lt;br/&gt;recognized&#160;for&lt;br/&gt;PCD assets&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Write-Offs &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Recoveries&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Balance&lt;br/&gt;as of&lt;/div&gt;&lt;/div&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;March&#160;31,&lt;br/&gt;2020&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; font-weight: normal; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;HTM Investments&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Assets of consolidated VIEs:&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Corporate obligations&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;37&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;9&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;46&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total Allowance on HTM investments&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;37&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;9&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;46&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px; background: none;"/&gt;&lt;div style="text-align: center;"&gt;&lt;div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(1)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Represents transition adjustment upon adoption of ASU &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2016-13. &lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Credit Loss Rollforward for AFS &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;The portion of certain unrealized losses on fixed-maturity securities that does not represent credit losses is recognized in AOCI. For these impairments, the net amount recognized in earnings represents the difference between the amortized cost of the security and the net present value of its projected future discounted cash flows prior to impairment. Any remaining difference between the fair value and amortized cost is recognized in AOCI. The following table presents the amount of credit loss impairments recognized in earnings on fixed-maturity securities held by MBIA as of the dates indicated, for which a portion of the &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;non-credit&lt;/div&gt; related losses was recognized in AOCI, and the corresponding changes in such amounts. The additional credit loss impairments on securities previously impaired for the three months ended March&#160;31, 2019 was primarily related to an impaired security for which a loss was recognized as the difference between the amortized cost and net present value of projected cash flows. The OTTI for the three months ended March&#160;31, 2019 resulted from updated liquidity concerns and other adverse financial conditions of the issuer.&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="margin: 12pt auto 0px; width: 100%; font-size: 10pt; border-collapse: separate; border-spacing: 0;"&gt;
&lt;tr style="color: white; line-height: 0pt; visibility: hidden;"&gt;
&lt;td style="width: 84%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 14%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="white-space: nowrap; font-family: Arial;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;&lt;/tr&gt;
&lt;tr style="font-size: 8pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In millions &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt;&lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Three&#160;Months&#160;Ended &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 8pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Credit Losses Recognized in Earnings Related to Other-Than-Temporary Impairments &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt;&lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;March&#160;31, 2019 &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt;&lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Beginning balance &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;37 &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt;&lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Additions for credit loss impairments recognized in the current period on securities previously impaired &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;28 &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt;&lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Ending balance &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;65 &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td colspan="4" style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt;&lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"/&gt;&lt;/td&gt;
&lt;td style="font-family: Arial;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Sales of &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Available-for-Sale&lt;/div&gt; Investments &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Gross realized gains and losses are recorded within &#x201c;Net gains (losses) on financial instruments at fair value and foreign exchange&#x201d; on the Company&#x2019;s consolidated statements of operations. The proceeds and the gross realized gains and losses from sales of fixed-maturity securities held as AFS for the three months ended March&#160;31, 2020 and 2019 are as follows: &lt;/div&gt;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:86%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:4%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:4%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Three&#160;Months&#160;Ended&lt;br/&gt;March&#160;31,&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;2020&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;2019&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Proceeds from sales&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;279&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;683&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Gross realized gains&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;11&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;5&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Gross realized losses&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(8&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(1&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Equity Investments &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Unrealized gains and losses recognized on equity investments held as of the end of each period for the three months ended March&#160;31, 2020 and 2019 are as follows: &lt;/div&gt;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:86%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:5%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:5%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Three&#160;Months&#160;Ended&lt;br/&gt;March&#160;31,&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;2020&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;2019&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Net gains and (losses) recognized during the period on equity securities&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(13&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;5&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Less:&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Net gains and (losses) recognized during the period on equity securities sold during the period&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Unrealized gains and (losses) recognized during the period on equity securities still held at the reporting date&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(13&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;4&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt; </us-gaap:MarketableSecuritiesTextBlock>
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&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:63%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:4%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:4%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:4%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:4%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:4%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="19" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;March&#160;31, 2020&lt;/div&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Amortized&lt;br/&gt; Cost&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Allowance&lt;br/&gt; for Credit&lt;br/&gt; Losses&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Gross&lt;br/&gt; Unrealized&lt;br/&gt; Gains&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Gross&lt;br/&gt; Unrealized&lt;br/&gt; Losses&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fair&lt;br/&gt; Value&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="white-space: nowrap; vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; font-weight: normal; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;AFS Investments&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Fixed-maturity investments:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;U.S. Treasury and government agency&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;758&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;101&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;859&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;State and municipal bonds&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;168&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;23&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;191&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Foreign governments&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;10&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;9&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Corporate obligations&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,114&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;90&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(33&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,171&lt;/div&gt; &lt;/td&gt;
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&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Mortgage-backed securities:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Residential mortgage-backed agency&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;266&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;8&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;274&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;27&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;21&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;19&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Asset-backed securities:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Collateralized debt obligations&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;131&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(19&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;112&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other asset-backed&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;277&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(2&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;275&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total AFS investments&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2,771&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;223&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(63&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2,931&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; font-weight: normal; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;HTM Investments&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Assets of consolidated VIEs:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Corporate obligations&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;575&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(46&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;43&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;572&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total HTM investments&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;575&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(46&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;43&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;572&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:60%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:5%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:5%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:5%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:5%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:5%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="19" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;December&#160;31, 2019&lt;/div&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Amortized&lt;/div&gt;&lt;/div&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Cost&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Gross&lt;/div&gt;&lt;/div&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Unrealized&lt;/div&gt;&lt;/div&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Gains&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Gross&lt;/div&gt;&lt;/div&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Unrealized&lt;/div&gt;&lt;/div&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Losses&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fair&lt;/div&gt;&lt;/div&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Value&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Other-Than-&lt;/div&gt;&lt;/div&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Temporary&lt;/div&gt;&lt;/div&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Impairments&lt;div style="font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; font-weight: normal; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;AFS Investments&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Fixed-maturity investments:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;U.S. Treasury and government agency&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;838&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;46&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(2&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;882&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;State and municipal bonds&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;178&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;22&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;200&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Foreign governments&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;8&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;9&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Corporate obligations&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,140&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;52&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,191&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Mortgage-backed securities:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Residential mortgage-backed agency&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;317&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;3&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;320&lt;/div&gt; &lt;/td&gt;
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&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Residential mortgage-backed &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;non-agency &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;23&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(5&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;19&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Commercial mortgage-backed&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;20&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;139&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(2&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;137&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;321&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;321&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total AFS investments&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2,984&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;126&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(11&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;3,099&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; font-weight: normal; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;HTM Investments&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Assets of consolidated VIEs:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Corporate obligations&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;890&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;892&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;AFS Securities&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;HTM Securities&lt;/div&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Consolidated VIEs&lt;/div&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Net&lt;br/&gt; Amortized&lt;br/&gt; Cost&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fair&#160;Value&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Net&lt;br/&gt; Amortized&lt;br/&gt; Cost&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fair&#160;Value&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Due in one year or less&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;476&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;476&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Due after one year through five years&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;500&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;506&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Due after five years through ten years&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;345&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;357&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Due after ten years&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;729&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;891&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;529&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;572&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Mortgage-backed and asset-backed&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;721&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;701&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total fixed-maturity investments&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2,771&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
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&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
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&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
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&lt;td&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
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&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
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&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Losses&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Value&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Losses&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Value&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Losses&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; font-weight: normal; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;AFS Investments&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Fixed-maturity investments:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;U.S. Treasury and government agency&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;4&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;4&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;State and municipal bonds&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;31&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;31&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Foreign governments&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;64&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(15&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;113&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(19&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other asset-backed&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;170&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(2&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;170&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(2&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total AFS investments&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;761&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(40&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;79&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(23&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;840&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(63&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:60%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="23" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;December&#160;31, 2019&lt;/div&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Less than 12&lt;br/&gt; Months&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;12 Months or&lt;br/&gt; Longer&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Total&lt;/div&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fair&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Unrealized&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fair&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Unrealized&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fair&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Unrealized&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Value&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Losses&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Value&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Losses&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Value&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Losses&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; font-weight: normal; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;AFS Investments&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Fixed-maturity investments:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;U.S. Treasury and government agency&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;148&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;79&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;227&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(2&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;State and municipal bonds&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;11&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;15&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;26&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Collateralized debt obligations&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;44&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;77&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(2&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;121&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(2&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other asset-backed&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;48&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;55&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total AFS investments&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;371&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(3&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;206&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(8&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;577&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(11&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; </us-gaap:ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock>
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&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
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&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Percentage of Fair Value Below Book Value&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Number&#160;of&lt;br/&gt; Securities&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&amp;gt; 5% to 15%&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;8&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;21&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;20&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&amp;gt; 15% to 25%&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;18&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;48&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;38&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&amp;gt; 25% to 50%&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;13&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;33&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;21&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&amp;gt; 50%&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;41&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;102&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;79&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt;</mbi:InvestmentsDistributionOfSecuritiesByPercentageOfFairValueBelowBookValueByMoreThanFivePercentTableTextBlock>
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      unitRef="Unit_pure">0.05</mbi:PercentageOfFairValueBelowBookValueMinimum>
    <mbi:PercentageOfFairValueBelowBookValueMaximum
      contextRef="PAsOn03_31_2020_GreaterThanFivePercentToFifteenPercentMemberusgaapFinancialInstrumentAxis_UnrealizedLossPositionGreaterThanTwelveMonthsMemberMBIInvestmentNotesAxis"
      decimals="2"
      unitRef="Unit_pure">0.15</mbi:PercentageOfFairValueBelowBookValueMaximum>
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      unitRef="Unit_security">8</us-gaap:AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1>
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      unitRef="Unit_USD">21000000</us-gaap:AvailableForSaleSecuritiesAmortizedCost>
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      contextRef="PAsOn03_31_2020_GreaterThanFivePercentToFifteenPercentMemberusgaapFinancialInstrumentAxis_UnrealizedLossPositionGreaterThanTwelveMonthsMemberMBIInvestmentNotesAxis"
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      unitRef="Unit_USD">20000000</us-gaap:AvailableForSaleSecurities>
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      contextRef="PAsOn03_31_2020_GreaterThanFifteenPercentToTwentyFivePercentMemberusgaapFinancialInstrumentAxis_UnrealizedLossPositionGreaterThanTwelveMonthsMemberMBIInvestmentNotesAxis"
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      unitRef="Unit_pure">0.15</mbi:PercentageOfFairValueBelowBookValueMinimum>
    <mbi:PercentageOfFairValueBelowBookValueMaximum
      contextRef="PAsOn03_31_2020_GreaterThanFifteenPercentToTwentyFivePercentMemberusgaapFinancialInstrumentAxis_UnrealizedLossPositionGreaterThanTwelveMonthsMemberMBIInvestmentNotesAxis"
      decimals="2"
      unitRef="Unit_pure">0.25</mbi:PercentageOfFairValueBelowBookValueMaximum>
    <us-gaap:AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1
      contextRef="PAsOn03_31_2020_GreaterThanFifteenPercentToTwentyFivePercentMemberusgaapFinancialInstrumentAxis_UnrealizedLossPositionGreaterThanTwelveMonthsMemberMBIInvestmentNotesAxis"
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      unitRef="Unit_security">18</us-gaap:AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1>
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      contextRef="PAsOn03_31_2020_GreaterThanFifteenPercentToTwentyFivePercentMemberusgaapFinancialInstrumentAxis_UnrealizedLossPositionGreaterThanTwelveMonthsMemberMBIInvestmentNotesAxis"
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      unitRef="Unit_USD">48000000</us-gaap:AvailableForSaleSecuritiesAmortizedCost>
    <us-gaap:AvailableForSaleSecurities
      contextRef="PAsOn03_31_2020_GreaterThanFifteenPercentToTwentyFivePercentMemberusgaapFinancialInstrumentAxis_UnrealizedLossPositionGreaterThanTwelveMonthsMemberMBIInvestmentNotesAxis"
      decimals="-6"
      unitRef="Unit_USD">38000000</us-gaap:AvailableForSaleSecurities>
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      contextRef="PAsOn03_31_2020_GreaterThanTwentyFivePercentToFiftyPercentMemberusgaapFinancialInstrumentAxis_UnrealizedLossPositionGreaterThanTwelveMonthsMemberMBIInvestmentNotesAxis"
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      unitRef="Unit_pure">0.25</mbi:PercentageOfFairValueBelowBookValueMinimum>
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      decimals="2"
      unitRef="Unit_pure">0.50</mbi:PercentageOfFairValueBelowBookValueMaximum>
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      unitRef="Unit_security">13</us-gaap:AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1>
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      unitRef="Unit_USD">33000000</us-gaap:AvailableForSaleSecuritiesAmortizedCost>
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      contextRef="PAsOn03_31_2020_GreaterThanTwentyFivePercentToFiftyPercentMemberusgaapFinancialInstrumentAxis_UnrealizedLossPositionGreaterThanTwelveMonthsMemberMBIInvestmentNotesAxis"
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      unitRef="Unit_USD">21000000</us-gaap:AvailableForSaleSecurities>
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      unitRef="Unit_pure">0.50</mbi:PercentageOfFairValueBelowBookValueMinimum>
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      unitRef="Unit_security">2</us-gaap:AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1>
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      unitRef="Unit_USD">0</us-gaap:AvailableForSaleSecuritiesAmortizedCost>
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      contextRef="PAsOn03_31_2020_GreaterThanFiftyPercentMemberusgaapFinancialInstrumentAxis_UnrealizedLossPositionGreaterThanTwelveMonthsMemberMBIInvestmentNotesAxis"
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      unitRef="Unit_USD">0</us-gaap:AvailableForSaleSecurities>
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      unitRef="Unit_security">41</us-gaap:AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1>
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      unitRef="Unit_USD">102000000</us-gaap:AvailableForSaleSecuritiesAmortizedCost>
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      unitRef="Unit_USD">79000000</us-gaap:AvailableForSaleSecurities>
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&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:68%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:56%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:13%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:13%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:13%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fair&#160;Value&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Unrealized&lt;br/&gt; Loss&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: bold; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Insurance&#160;Loss&lt;br/&gt; &lt;div style="font-weight: normal; font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Reserve&lt;/div&gt;&lt;/div&gt;&lt;div style="font-weight: normal; font-style: normal; font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;"&gt;(2)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Mortgage-backed:&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;MBIA&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;9&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(6)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;22&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="text-align: center;"&gt; &lt;div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; margin-left: 16%; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px; table-layout: fixed;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 16%; text-align: left;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 3%; vertical-align: top;"&gt;(1)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Includes investments insured by MBIA Corp. and National.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="margin-top: 6pt; margin-bottom: 0px;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px; table-layout: fixed;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 16%; text-align: left;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 3%; vertical-align: top;"&gt;(2)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Insurance loss reserve estimates are based on the proportion of par value owned to the total amount of par value insured.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt;</mbi:SecuritiesHeldInUnrealizedLossPositionAndInsuredByFinancialGuarantorAndRelatedInsuranceLossReserveOnCompanyInsuredInvestmentsTableTextBlock>
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      decimals="-6"
      id="Fact_12966362"
      unitRef="Unit_USD">9000000</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue>
    <mbi:AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments
      contextRef="PAsOn03_31_2020_FinancialGuaranteeMemberusgaapGuaranteeObligationsByNatureAxis_MbiaCorpAndNationalMembersrtConsolidatedEntitiesAxis_MortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis"
      decimals="-6"
      id="Fact_12966363"
      unitRef="Unit_USD">6000000</mbi:AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments>
    <mbi:LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor
      contextRef="PAsOn03_31_2020_FinancialGuaranteeMemberusgaapGuaranteeObligationsByNatureAxis_MbiaCorpAndNationalMembersrtConsolidatedEntitiesAxis_MortgageBackedSecuritiesMemberusgaapFinancialInstrumentAxis"
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      id="Fact_12966364"
      unitRef="Unit_USD">22000000</mbi:LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor>
    <us-gaap:DebtSecuritiesHeldToMaturityAllowanceForCreditLossTableTextBlock contextRef="P01_01_2020To03_31_2020">&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The following table presents the rollforward of allowance for credit losses on HTM investments for the three months ended March&#160;31, 2020: &lt;/div&gt;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:50%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:6%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:6%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:6%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:6%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:6%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:6%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td rowspan="2" style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td rowspan="2" style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="15" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Three Months Ended March&#160;31, 2020&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Balance&lt;br/&gt;as of&lt;/div&gt;&lt;/div&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;January&#160;1,&lt;br/&gt;2020&lt;div style="font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;"&gt;1&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Current&#160;period&lt;br/&gt;provision for&lt;br/&gt;expected&lt;br/&gt;credit losses&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Initial&lt;br/&gt;allowance&lt;br/&gt;recognized&#160;for&lt;br/&gt;PCD assets&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Write-Offs &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Recoveries&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Balance&lt;br/&gt;as of&lt;/div&gt;&lt;/div&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;March&#160;31,&lt;br/&gt;2020&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; font-weight: normal; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;HTM Investments&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Assets of consolidated VIEs:&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Corporate obligations&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;37&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;9&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;46&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total Allowance on HTM investments&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;37&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;9&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;46&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px; background: none;"/&gt;&lt;div style="text-align: center;"&gt;&lt;div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;
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&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(1)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Represents transition adjustment upon adoption of ASU &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2016-13. &lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;</us-gaap:DebtSecuritiesHeldToMaturityAllowanceForCreditLossTableTextBlock>
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&lt;tr style="color: white; line-height: 0pt; visibility: hidden;"&gt;
&lt;td style="width: 84%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 14%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="white-space: nowrap; font-family: Arial;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;&lt;/tr&gt;
&lt;tr style="font-size: 8pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In millions &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
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&lt;td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 8pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Credit Losses Recognized in Earnings Related to Other-Than-Temporary Impairments &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt;&lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;March&#160;31, 2019 &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt;&lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Beginning balance &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;37 &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt;&lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Additions for credit loss impairments recognized in the current period on securities previously impaired &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;28 &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt;&lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Ending balance &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;65 &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td colspan="4" style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt;&lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"/&gt;&lt;/td&gt;
&lt;td style="font-family: Arial;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;</us-gaap:OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsTableTextBlock>
    <us-gaap:OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
      contextRef="PAsOn12_31_2018"
      decimals="-6"
      unitRef="Unit_USD">37000000</us-gaap:OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld>
    <us-gaap:OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment
      contextRef="P01_01_2019To03_31_2019"
      decimals="-6"
      unitRef="Unit_USD">28000000</us-gaap:OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment>
    <us-gaap:OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
      contextRef="PAsOn03_31_2019"
      decimals="-6"
      unitRef="Unit_USD">65000000</us-gaap:OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld>
    <us-gaap:ScheduleOfRealizedGainLossTableTextBlock contextRef="P01_01_2020To03_31_2020">
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:86%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:4%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:4%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Three&#160;Months&#160;Ended&lt;br/&gt;March&#160;31,&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;2020&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;2019&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Proceeds from sales&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;279&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;683&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Gross realized gains&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;11&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;5&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Gross realized losses&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(8&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(1&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;</us-gaap:ScheduleOfRealizedGainLossTableTextBlock>
    <us-gaap:ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
      contextRef="P01_01_2020To03_31_2020"
      decimals="-6"
      unitRef="Unit_USD">279000000</us-gaap:ProceedsFromSaleOfAvailableForSaleSecuritiesDebt>
    <us-gaap:ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
      contextRef="P01_01_2019To03_31_2019"
      decimals="-6"
      unitRef="Unit_USD">683000000</us-gaap:ProceedsFromSaleOfAvailableForSaleSecuritiesDebt>
    <us-gaap:AvailableForSaleSecuritiesGrossRealizedGains
      contextRef="P01_01_2020To03_31_2020"
      decimals="-6"
      unitRef="Unit_USD">11000000</us-gaap:AvailableForSaleSecuritiesGrossRealizedGains>
    <us-gaap:AvailableForSaleSecuritiesGrossRealizedGains
      contextRef="P01_01_2019To03_31_2019"
      decimals="-6"
      unitRef="Unit_USD">5000000</us-gaap:AvailableForSaleSecuritiesGrossRealizedGains>
    <us-gaap:AvailableForSaleSecuritiesGrossRealizedLosses
      contextRef="P01_01_2020To03_31_2020"
      decimals="-6"
      unitRef="Unit_USD">8000000</us-gaap:AvailableForSaleSecuritiesGrossRealizedLosses>
    <us-gaap:AvailableForSaleSecuritiesGrossRealizedLosses
      contextRef="P01_01_2019To03_31_2019"
      decimals="-6"
      unitRef="Unit_USD">1000000</us-gaap:AvailableForSaleSecuritiesGrossRealizedLosses>
    <us-gaap:UnrealizedGainLossOnInvestmentsTableTextBlock contextRef="P01_01_2020To03_31_2020">
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:86%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:5%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:5%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Three&#160;Months&#160;Ended&lt;br/&gt;March&#160;31,&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;2020&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;2019&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Net gains and (losses) recognized during the period on equity securities&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(13&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;5&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Less:&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Net gains and (losses) recognized during the period on equity securities sold during the period&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Unrealized gains and (losses) recognized during the period on equity securities still held at the reporting date&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(13&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;4&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;</us-gaap:UnrealizedGainLossOnInvestmentsTableTextBlock>
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    <us-gaap:DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock contextRef="P01_01_2020To03_31_2020">&lt;div id="toc893688_16" style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Note 8: Derivative Instruments &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;U.S. Public Finance Insurance &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The Company&#x2019;s derivative exposure within its U.S. public finance insurance operations primarily consists of insured interest rate and inflation-linked swaps related to insured U.S. public finance debt issues. These derivatives do not qualify for the financial guarantee scope exception and are accounted for as derivative instruments. Changes in the fair values of the Company&#x2019;s insured derivatives within its U.S. Public Finance segment are included in &#x201c;Net change in fair value of insured derivatives&#x201d; on the Company&#x2019;s consolidated statements of operations. &lt;/div&gt;&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Corporate &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The Company has entered into derivative instruments primarily consisting of interest rate swaps to manage the risks associated with fluctuations in interest rates affecting the value of certain assets. Changes in the fair values of the Company&#x2019;s derivatives within its Corporate segment are included in &#x201c;Net gains (losses) on financial instruments at fair value and foreign exchange&#x201d; on the Company&#x2019;s consolidated statements of operations. &lt;/div&gt;&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;International and Structured Finance Insurance &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The Company has entered into a derivative instrument to provide financial guarantee insurance to a structured finance transaction that does not qualify for the financial guarantee scope exception and, therefore, is accounted for as a derivative. The insured CDS contract, referencing CMBS, is intended to be held for the entire term of the contract unless a settlement with the counterparty is negotiated. The Company no longer insures new CDS contracts except for transactions related to the restructuring of existing exposures. The Company&#x2019;s derivative exposure within its international and structured finance insurance segment also includes insured interest rate and inflation-linked swaps related to insured debt issues. Changes in the fair values of the Company&#x2019;s insured derivatives within its International and Structured Finance segment are included in &#x201c;Net change in fair value of insured derivatives&#x201d; on the Company&#x2019;s consolidated statements of operations. &lt;/div&gt;&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;The Company has also entered into a derivative contract in connection with the commutation of certain insurance exposure, which occurred in 2014. Changes in the fair value of this &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;non-insured&lt;/div&gt; derivative are included in &#x201c;Net gains (losses) on financial instruments at fair value and foreign exchange&#x201d; on the Company&#x2019;s consolidated statements of operations.&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Variable Interest Entities &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;A VIE consolidated by the Company is party to a cross currency swap, which was entered into to manage the variability in cash flows resulting from fluctuations in foreign currency rates. Changes in the fair value of the VIE derivative are included in &#x201c;Net gains (losses) on financial instruments at fair value and foreign &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;exchange-VIE&#x201d;&lt;/div&gt; on the Company&#x2019;s consolidated statements of operations.&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Credit Derivatives Sold &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The following tables present information about credit derivatives sold by the Company&#x2019;s insurance operations that were outstanding as of March&#160;31, 2020 and December&#160;31, 2019. Credit ratings represent the lower of underlying ratings assigned to the collateral by Moody&#x2019;s Investor Services (&#x201c;Moody&#x2019;s&#x201d;), Standard&#160;&amp;amp; Poor&#x2019;s Financial Services, LLC (&#x201c;S&amp;amp;P&#x201d;) or MBIA. &lt;/div&gt;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:49%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:2%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:2%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:2%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:2%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:2%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:2%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:2%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:2%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;$ in millions&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="31" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;As of March&#160;31, 2020&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="27" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Notional Value&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Credit Derivatives Sold&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Weighted&lt;br/&gt;Average&lt;br/&gt;Remaining&lt;br/&gt;Expected&lt;br/&gt;Maturity&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;AAA&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;AA&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;A&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;BBB&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Below&lt;br/&gt;Investment&lt;br/&gt;Grade&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Total&lt;br/&gt;Notional&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fair&lt;br/&gt;Value&lt;br/&gt;Asset&lt;br/&gt;(Liability)&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Insured credit default swaps&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;0.8&#160;Years&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;24&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;24&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(8&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Insured swaps&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;15.0&#160;Years&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;64&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,256&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;374&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,694&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(2&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total notional&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;64&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,256&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;374&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;24&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,718&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total fair value&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(1&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(1&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(8&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(10&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px; background: none;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:50%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:2%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:2%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:2%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:2%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:2%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:2%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:2%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:2%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;$ in millions&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="31" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;As of December&#160;31, 2019&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="27" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Notional Value&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Credit Derivatives Sold&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Weighted&lt;br/&gt;Average&lt;br/&gt;Remaining&lt;br/&gt;Expected&lt;br/&gt;Maturity&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;AAA&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;AA&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;A&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;BBB&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Below&lt;br/&gt;Investment&lt;br/&gt;Grade&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Total&lt;br/&gt;Notional&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fair&lt;br/&gt;Value&lt;br/&gt;Asset&lt;br/&gt;(Liability)&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Insured credit default swaps&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1.0&#160;Years&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;32&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;32&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(7&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Insured swaps&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;14.6&#160;Years&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;66&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,284&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;445&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,795&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(2&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total notional&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;66&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,284&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;445&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;32&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,827&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total fair value&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(1&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(1&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(7&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(9&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Internal credit ratings assigned by MBIA on the underlying collateral are derived by the Company&#x2019;s surveillance group. In assigning an internal rating, current status reports from issuers and trustees, as well as publicly available transaction-specific information, are reviewed. Also, where appropriate, cash flow analyses and collateral valuations are considered. The maximum potential amount of future payments (undiscounted) on insured CDS and insured swaps is estimated as the notional value of such contracts. &lt;/div&gt;&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;MBIA may hold recourse provisions with third parties in derivative instruments through subrogation rights, whereby if MBIA makes a claim payment, it may be entitled to any rights of the insured counterparty, including the right to any assets held as collateral. &lt;/div&gt;&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Counterparty Credit Risk &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The Company manages counterparty credit risk on an individual counterparty basis through master netting agreements covering derivative instruments in the corporate segment. These agreements allow the Company to contractually net amounts due from a counterparty with those amounts due to such counterparty when certain triggering events occur. The Company only executes swaps under master netting agreements, which typically contain mutual credit downgrade provisions that generally provide the ability to require assignment or termination in the event either MBIA or the counterparty is downgraded below a specified credit rating. &lt;/div&gt;&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Under these agreements, the Company may receive or provide cash, U.S. Treasury or other highly rated securities to secure counterparties&#x2019; exposure to the Company or its exposure to counterparties, respectively. Such collateral is available to the holder to pay for replacing the counterparty in the event that the counterparty defaults. As of March&#160;31, 2020, the Company did not hold cash collateral to derivative counterparties but posted $36&#160;million cash collateral to derivative counterparties. As of December&#160;31, 2019, the Company did not hold or post cash collateral to derivative counterparties. &lt;/div&gt;&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;As of March&#160;31, 2020 and December&#160;31, 2019, the Company had securities with a fair value of $218&#160;million and $181&#160;million, respectively, posted to derivative counterparties and these amounts are included within &#x201c;Fixed-maturity securities held as &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;available-for-sale,&lt;/div&gt; at fair value&#x201d; on the Company&#x2019;s consolidated balance sheets.&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;As of March&#160;31, 2020 and December&#160;31, 2019, the fair value on one Credit Support Annex (&#x201c;CSA&#x201d;) was $1&#160;million. This CSA governs collateral posting requirements between MBIA and its derivative counterparties. The Company did not receive collateral due to the Company&#x2019;s credit rating, which was below the CSA minimum credit ratings level for holding counterparty collateral. As of March&#160;31, 2020 and December&#160;31, 2019, the counterparty was rated Aa3 by Moody&#x2019;s and A+ by S&amp;amp;P. &lt;/div&gt;&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Financial Statement Presentation &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The fair value of amounts recognized for eligible derivative contracts executed with the same counterparty under a master netting agreement, including any cash collateral that may have been received or posted by the Company, is presented on a net basis in accordance with accounting guidance for the offsetting of fair value amounts related to derivative instruments. Insured CDS and insured swaps are not subject to master netting agreements. VIE derivative assets and liabilities are not presented net of any master netting agreements. Counterparty netting of derivative assets and liabilities offsets balances in &#x201c;Interest rate swaps&#x201d;, when applicable. &lt;/div&gt;&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The following table presents the total fair value of the Company&#x2019;s derivative assets and liabilities by instrument and balance sheet location, before counterparty netting, as of March&#160;31, 2020: &lt;/div&gt;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:41%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Derivative Assets&lt;div style="font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Derivative Liabilities&lt;div style="font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Derivative Instruments&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Notional&lt;br/&gt;Amount&lt;br/&gt;Outstanding&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Balance&#160;Sheet&#160;Location&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fair&#160;Value&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Balance&#160;Sheet&#160;Location&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fair&#160;Value&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Not designated as hedging instruments:&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Insured credit default swaps&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;24&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other&#160;assets&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Derivative&#160;liabilities&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(8&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Insured swaps&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,694&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other assets&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Derivative liabilities&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(2&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Interest rate swaps&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;439&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other assets&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Derivative liabilities&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(190&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Interest rate swaps-embedded&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;227&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Medium-term&lt;/div&gt;&#160;notes&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Medium-term notes&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(10&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Currency &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;swaps-VIE &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;57&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other&lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;assets-VIE &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;18&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Derivative&lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;liabilities-VIE &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;All other&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;49&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other assets&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Derivative liabilities&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(37&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;non-designated&lt;/div&gt; derivatives&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2,490&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;19&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(247&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px; background: none;"/&gt;&lt;div style="text-align: center;"&gt;&lt;div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(1)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;In accordance with the accounting guidance for derivative instruments and hedging activities, the balance sheet location of the Company&#x2019;s embedded derivative instruments is determined by the location of the related host contract.&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The following table presents the total fair value of the Company&#x2019;s derivative assets and liabilities by instrument and balance sheet location, before counterparty netting, as of December&#160;31, 2019: &lt;/div&gt;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:42%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Derivative Assets&lt;div style="font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Derivative Liabilities&lt;div style="font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Derivative Instruments&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Notional&lt;br/&gt;Amount&lt;br/&gt;Outstanding&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Balance&#160;Sheet&#160;Location&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fair&#160;Value&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Balance Sheet&#160;Location&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fair&#160;Value&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Not designated as hedging instruments:&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Insured credit default swaps&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;32&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other&#160;assets&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Derivative&#160;liabilities&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(7&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Insured swaps&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,795&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other assets&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Derivative liabilities&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(2&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Interest rate swaps&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;441&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other assets&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Derivative liabilities&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(132&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Interest rate swaps-embedded&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;232&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Medium-term&lt;/div&gt;&#160;notes&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Medium-term notes&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(15&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Currency &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;swaps-VIE &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;58&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;assets-VIE &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;8&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Derivative&lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;liabilities-VIE &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;All other&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;49&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other assets&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Derivative liabilities&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(34&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;non-designated&lt;/div&gt; derivatives&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2,607&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;9&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(190&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px; background: none;"/&gt;&lt;div style="text-align: center;"&gt;&lt;div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(1)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;In accordance with the accounting guidance for derivative instruments and hedging activities, the balance sheet location of the Company&#x2019;s embedded derivative instruments is determined by the location of the related host contract.&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The following table presents the effect of derivative instruments on the consolidated statements of operations for the three months ended March&#160;31, 2020 and 2019: &lt;/div&gt;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="margin: 12pt auto 0px; width: 100%; font-size: 10pt; border-collapse: separate; border-spacing: 0;"&gt;
&lt;tr style="font-size: 0px;"&gt;
&lt;td style="width: 24%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 3%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 50%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 3%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 4%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 3%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 4%; font-family: Arial; padding: 0px;"/&gt;&lt;/tr&gt;
&lt;tr style="font-size: 8pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In millions &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"&gt;&lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"&gt;&lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt;&lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"&gt;&lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt;&lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 8pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; font-size: 8pt; padding-bottom: 0.5pt;"&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Derivatives Not Designated as &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"&gt;&lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt;&lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Three&#160;Months&#160;Ended&#160;March&#160;31, &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 8pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Hedging Instruments &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt;&lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Location of Gain (Loss) Recognized in Income on Derivative &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt;&lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2020 &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt;&lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2019 &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt;&lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Insured credit default swaps &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Unrealized gains (losses) on insured derivatives &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(1&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;14 &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt;&lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Interest rate swaps &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Net gains (losses) on financial instruments at fair value and foreign exchange &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(56&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(20&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top;"&gt;&lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;Currency &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;swaps-VIE &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;Net gains (losses) on financial instruments at fair value and foreign &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;exchange-VIE &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;10 &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(3&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt;&lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;All other &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Net gains (losses) on financial instruments at fair value and foreign exchange &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(3&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt;&lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Total &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(50&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(9&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt; </us-gaap:DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock>
    <us-gaap:DisclosureOfCreditDerivativesTextBlock contextRef="P01_01_2020To03_31_2020">
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:49%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:2%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:2%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:2%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:2%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:2%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:2%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:2%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:2%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;$ in millions&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="31" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;As of March&#160;31, 2020&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="27" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Notional Value&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Credit Derivatives Sold&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Weighted&lt;br/&gt;Average&lt;br/&gt;Remaining&lt;br/&gt;Expected&lt;br/&gt;Maturity&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;AAA&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;AA&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;A&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;BBB&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Below&lt;br/&gt;Investment&lt;br/&gt;Grade&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Total&lt;br/&gt;Notional&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fair&lt;br/&gt;Value&lt;br/&gt;Asset&lt;br/&gt;(Liability)&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Insured credit default swaps&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;0.8&#160;Years&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;24&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;24&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(8&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Insured swaps&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;15.0&#160;Years&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;64&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,256&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;374&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,694&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(2&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total notional&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;64&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,256&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;374&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;24&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,718&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total fair value&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(1&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(1&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(8&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(10&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px; background: none;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:50%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:2%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:2%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:2%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:2%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:2%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:2%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:2%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:2%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;$ in millions&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="31" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;As of December&#160;31, 2019&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="27" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Notional Value&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Credit Derivatives Sold&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Weighted&lt;br/&gt;Average&lt;br/&gt;Remaining&lt;br/&gt;Expected&lt;br/&gt;Maturity&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;AAA&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;AA&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;A&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;BBB&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Below&lt;br/&gt;Investment&lt;br/&gt;Grade&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Total&lt;br/&gt;Notional&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fair&lt;br/&gt;Value&lt;br/&gt;Asset&lt;br/&gt;(Liability)&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Insured credit default swaps&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1.0&#160;Years&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;32&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;32&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(7&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Insured swaps&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;14.6&#160;Years&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;66&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,284&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;445&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,795&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(2&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total notional&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;66&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,284&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;445&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;32&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,827&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total fair value&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(1&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(1&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(7&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(9&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
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&lt;td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Derivative Assets&lt;div style="font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Derivative Liabilities&lt;div style="font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Derivative Instruments&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Notional&lt;br/&gt;Amount&lt;br/&gt;Outstanding&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Balance&#160;Sheet&#160;Location&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fair&#160;Value&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Balance&#160;Sheet&#160;Location&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fair&#160;Value&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Not designated as hedging instruments:&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Insured credit default swaps&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;24&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other&#160;assets&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Derivative&#160;liabilities&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(8&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Insured swaps&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,694&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other assets&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Derivative liabilities&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(2&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Interest rate swaps&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;439&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other assets&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Derivative liabilities&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(190&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Interest rate swaps-embedded&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;227&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Medium-term&lt;/div&gt;&#160;notes&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Medium-term notes&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(10&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Currency &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;swaps-VIE &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;57&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other&lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;assets-VIE &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;18&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Derivative&lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;liabilities-VIE &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;All other&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;49&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other assets&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Derivative liabilities&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(37&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;non-designated&lt;/div&gt; derivatives&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2,490&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;19&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(247&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px; background: none;"/&gt;&lt;div style="text-align: center;"&gt;&lt;div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(1)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;In accordance with the accounting guidance for derivative instruments and hedging activities, the balance sheet location of the Company&#x2019;s embedded derivative instruments is determined by the location of the related host contract.&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:42%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:3%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Derivative Assets&lt;div style="font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Derivative Liabilities&lt;div style="font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Derivative Instruments&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Notional&lt;br/&gt;Amount&lt;br/&gt;Outstanding&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Balance&#160;Sheet&#160;Location&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fair&#160;Value&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Balance Sheet&#160;Location&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt;&lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Fair&#160;Value&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Not designated as hedging instruments:&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Insured credit default swaps&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;32&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other&#160;assets&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Derivative&#160;liabilities&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(7&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Insured swaps&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,795&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other assets&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Derivative liabilities&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(2&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Interest rate swaps&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;441&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other assets&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Derivative liabilities&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(132&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Interest rate swaps-embedded&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;232&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Medium-term&lt;/div&gt;&#160;notes&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Medium-term notes&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(15&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Currency &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;swaps-VIE &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;58&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;assets-VIE &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;8&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Derivative&lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;liabilities-VIE &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt;&lt;div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;All other&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;49&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:left"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other assets&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(34&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
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&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;9&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(190&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
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&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
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&lt;table border="0" cellpadding="0" cellspacing="0" style="margin: 12pt auto 0px; width: 100%; font-size: 10pt; border-collapse: separate; border-spacing: 0;"&gt;
&lt;tr style="font-size: 0px;"&gt;
&lt;td style="width: 24%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 3%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 50%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 3%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 4%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 3%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 4%; font-family: Arial; padding: 0px;"/&gt;&lt;/tr&gt;
&lt;tr style="font-size: 8pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In millions &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"&gt;&lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"&gt;&lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt;&lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"&gt;&lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt;&lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 8pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; font-size: 8pt; padding-bottom: 0.5pt;"&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Derivatives Not Designated as &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"&gt;&lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt;&lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Three&#160;Months&#160;Ended&#160;March&#160;31, &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 8pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Hedging Instruments &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt;&lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Location of Gain (Loss) Recognized in Income on Derivative &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt;&lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2020 &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt;&lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2019 &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt;&lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Insured credit default swaps &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Unrealized gains (losses) on insured derivatives &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(1&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;14 &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt;&lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Interest rate swaps &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Net gains (losses) on financial instruments at fair value and foreign exchange &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(56&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(20&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top;"&gt;&lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;Currency &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;swaps-VIE &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;Net gains (losses) on financial instruments at fair value and foreign &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;exchange-VIE &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;10 &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(3&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt;&lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;All other &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Net gains (losses) on financial instruments at fair value and foreign exchange &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(3&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt;&lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Total &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(50&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(9&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
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    <us-gaap:IncomeTaxDisclosureTextBlock contextRef="P01_01_2020To03_31_2020">&lt;div id="toc893688_17" style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Note 9: Income Taxes &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The Company&#x2019;s income taxes and the related effective tax rates for the three months ended March&#160;31, 2020 and 2019 are as follows: &lt;/div&gt;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="margin: 12pt auto 0px; width: 100%; font-size: 10pt; border-collapse: separate; border-spacing: 0;"&gt;
&lt;tr style="color: white; line-height: 0pt; visibility: hidden;"&gt;
&lt;td style="width: 82%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 4%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="white-space: nowrap; font-family: Arial;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 4%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="white-space: nowrap; font-family: Arial;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;&lt;/tr&gt;
&lt;tr style="font-size: 8pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"&gt;&lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="7" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt;&lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Three&#160;Months&#160;Ended&#160;March&#160;31, &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 8pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In millions &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt;&lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2020 &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt;&lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2019 &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt;&lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Income (loss) before income taxes &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(333&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(19&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt;&lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Provision (benefit) for income taxes &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2 &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt;&lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Effective tax rate &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;0.0% &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;-10.5% &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;For the three months ended March&#160;31, 2020 and 2019, the Company&#x2019; effective tax rate applied to its loss before income taxes was lower than the U.S. statutory tax rate due to the full valuation allowance on the changes in its net deferred tax asset.&#160;&lt;/div&gt;&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Deferred Tax Asset, Net of Valuation Allowance &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;The Company assesses the available positive and negative evidence to estimate whether sufficient future taxable income will be generated to permit use of its existing deferred tax assets. A significant piece of objective negative evidence evaluated was the Company having a three-year cumulative loss. Such objective evidence limits the ability to consider other subjective evidence, such as the Company&#x2019;s projections of &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;pre-tax&lt;/div&gt; income. On the basis of this evaluation, the Company has recorded a full valuation allowance against its net deferred tax asset of $923&#160;million and $873&#160;million as of March&#160;31, 2020 and December&#160;31, 2019, respectively. The Company will continue to analyze the valuation allowance on a quarterly basis.&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Net operating losses (&#x201c;NOLs&#x201d;) of property and casualty insurance companies are permitted to be carried back two years and carried forward 20 years, except where modified by the CARES Act as outlined below. NOLs of property and casualty insurance companies are not subject to the 80 percent taxable income limitation and indefinite lived carryforward period required by the Tax Cuts and Jobs Act applicable to general corporate NOLs.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Accounting for Uncertainty in Income Taxes &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The Company&#x2019;s policy is to record and disclose any change in unrecognized tax benefit (&#x201c;UTB&#x201d;) and related interest and/or penalties to income tax in the consolidated statements of operations. The Company includes interest as a component of income tax expense. As of March&#160;31, 2020 and December&#160;31, 2019, the Company had no UTB. &lt;/div&gt;&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Federal income tax returns through 2011 have been examined or surveyed. As of March&#160;31, 2020, the Company&#x2019;s NOL is approximately $3.1&#160;billion. NOLs generated prior to tax reform and property and casualty NOLs generated after tax reform will expire between tax years 2032 through 2040. As of March&#160;31, 2020, the Company has a foreign tax credit carryforward of $61&#160;million, which will expire between tax years 2020 through 2030. As of March&#160;31, 2020, the Company has an alternative minimum tax (&#x201c;AMT&#x201d;) credit of $12.7&#160;million. As a result of the CARES Act, the remaining AMT credit will be refunded during calendar year 2020. The AMT credit refundable to the Company is included in &#x201c;Other assets&#x201d; of the Company&#x2019;s consolidated balance sheet. &lt;/div&gt;&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Section&#160;382 of the Internal Revenue Code &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;On May&#160;2, 2018, MBIA Inc.&#x2019;s shareholders ratified an amendment to the Company&#x2019;s &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;By-Laws,&lt;/div&gt; which had been adopted earlier by MBIA Inc.&#x2019;s Board of Directors. The amendment places restrictions on certain acquisitions of Company stock that otherwise may have increased the likelihood of an ownership change within the meaning of Section&#160;382 of the Internal Revenue Code. With certain exceptions, the amendment generally prohibits a person from becoming a &#x201c;Section&#160;382 five-percent shareholder&#x201d; by acquiring, directly or by attribution, 5% or more of the outstanding shares of the Company&#x2019;s common stock.&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Coronavirus Aid, Relief, and Economic Security Act &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;On March&#160;27, 2020, as part of the business stimulus package in response to &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;COVID-19&lt;/div&gt; pandemic, the U.S. government enacted the Coronavirus Aid, Relief, and Economic Security (&#x201c;CARES&#x201d;) Act. The CARES Act established new tax provisions including, but not limited to: (1)&#160;five-year carryback of NOLs generated in 2018, 2019 and 2020; (2) accelerated refund of AMT credit carryforwards; and (3)&#160;retroactive changes to allow accelerated depreciation for certain depreciable property. The legislation does not have a material impact on the Company&#x2019;s tax positions due to the lack of taxable income in the carryback periods. The Company expects to receive a cash benefit for its remaining AMT credits in 2020 as provided by the CARES Act.&lt;/div&gt;</us-gaap:IncomeTaxDisclosureTextBlock>
    <us-gaap:ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock contextRef="P01_01_2020To03_31_2020">
&lt;table border="0" cellpadding="0" cellspacing="0" style="margin: 12pt auto 0px; width: 100%; font-size: 10pt; border-collapse: separate; border-spacing: 0;"&gt;
&lt;tr style="color: white; line-height: 0pt; visibility: hidden;"&gt;
&lt;td style="width: 82%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 4%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="white-space: nowrap; font-family: Arial;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 4%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="white-space: nowrap; font-family: Arial;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;&lt;/tr&gt;
&lt;tr style="font-size: 8pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"&gt;&lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="7" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt;&lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Three&#160;Months&#160;Ended&#160;March&#160;31, &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 8pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In millions &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt;&lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2020 &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt;&lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2019 &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt;&lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Income (loss) before income taxes &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(333&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(19&lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt;&lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Provision (benefit) for income taxes &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;- &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2 &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt;&lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Effective tax rate &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;0.0% &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;-10.5% &lt;/div&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;</us-gaap:ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock>
    <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
      contextRef="P01_01_2020To03_31_2020"
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      unitRef="Unit_USD">-333000000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
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      contextRef="P01_01_2019To03_31_2019"
      decimals="-6"
      unitRef="Unit_USD">-19000000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
    <us-gaap:IncomeTaxExpenseBenefit
      contextRef="P01_01_2020To03_31_2020"
      decimals="-6"
      unitRef="Unit_USD">0</us-gaap:IncomeTaxExpenseBenefit>
    <us-gaap:IncomeTaxExpenseBenefit
      contextRef="P01_01_2019To03_31_2019"
      decimals="-6"
      unitRef="Unit_USD">2000000</us-gaap:IncomeTaxExpenseBenefit>
    <us-gaap:EffectiveIncomeTaxRateReconciliationTaxContingencies
      contextRef="P01_01_2020To03_31_2020"
      decimals="3"
      unitRef="Unit_pure">0.000</us-gaap:EffectiveIncomeTaxRateReconciliationTaxContingencies>
    <us-gaap:EffectiveIncomeTaxRateReconciliationTaxContingencies
      contextRef="P01_01_2019To03_31_2019"
      decimals="3"
      unitRef="Unit_pure">-0.105</us-gaap:EffectiveIncomeTaxRateReconciliationTaxContingencies>
    <us-gaap:DeferredTaxAssetsValuationAllowance
      contextRef="PAsOn03_31_2020"
      decimals="-6"
      unitRef="Unit_USD">923000000</us-gaap:DeferredTaxAssetsValuationAllowance>
    <us-gaap:DeferredTaxAssetsValuationAllowance
      contextRef="PAsOn12_31_2019"
      decimals="-6"
      unitRef="Unit_USD">873000000</us-gaap:DeferredTaxAssetsValuationAllowance>
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      contextRef="PAsOn03_31_2020"
      decimals="-6"
      unitRef="Unit_USD">0</us-gaap:UnrecognizedTaxBenefits>
    <us-gaap:OperatingLossCarryforwards
      contextRef="PAsOn03_31_2020"
      decimals="-8"
      unitRef="Unit_USD">3100000000</us-gaap:OperatingLossCarryforwards>
    <us-gaap:DeferredTaxAssetsTaxCreditCarryforwardsForeign
      contextRef="PAsOn03_31_2020"
      decimals="-6"
      unitRef="Unit_USD">61000000</us-gaap:DeferredTaxAssetsTaxCreditCarryforwardsForeign>
    <us-gaap:DeferredTaxAssetsTaxCreditCarryforwardsOther
      contextRef="PAsOn03_31_2020"
      decimals="-5"
      unitRef="Unit_USD">12700000</us-gaap:DeferredTaxAssetsTaxCreditCarryforwardsOther>
    <us-gaap:SegmentReportingDisclosureTextBlock contextRef="P01_01_2020To03_31_2020">&lt;div id="toc893688_18" style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Note 10: Business Segments &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;As defined by segment reporting, an operating segment is a component of a company (i)&#160;that engages in business activities from which it earns revenue and incurs expenses, (ii)&#160;whose operating results are regularly reviewed by the Chief Operating Decision Maker to assess the performance of the segment and to make decisions about the allocation of resources to the segment and, (iii)&#160;for which discrete financial information is available. &lt;/div&gt;&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The Company manages its businesses across three operating segments: 1) U.S. public finance insurance; 2) corporate; and 3) international and structured finance insurance. The Company&#x2019;s U.S. public finance insurance business is operated through National and its international and structured finance insurance business is operated through MBIA Corp. &lt;/div&gt;&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The following sections provide a description of each of the Company&#x2019;s reportable operating segments. &lt;/div&gt;&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;U.S. Public Finance Insurance &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;The Company&#x2019;s U.S. public finance insurance portfolio is managed through National. The financial guarantees issued by National provide unconditional and irrevocable guarantees of the payment of the principal of, and interest or other amounts owing on, U.S. public finance insured obligations when due. The obligations are not subject to acceleration, except that National may have the right, at its discretion, to accelerate insured obligations upon default or otherwise. National&#x2019;s guarantees insure municipal bonds, including &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;tax-exempt&lt;/div&gt; and taxable indebtedness of U.S. political subdivisions, as well as utilities, airports, health care institutions, higher educational facilities, student loan issuers, housing authorities and other similar agencies and obligations issued by private entities that finance projects that serve a substantial public purpose. Municipal bonds and privately issued bonds used for the financing of public purpose projects are generally supported by taxes, assessments, fees or tariffs related to the use of these projects, lease payments or other similar types of revenue streams.&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Corporate &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;The Company&#x2019;s corporate segment consists of general corporate activities, including providing support services to MBIA Inc.&#x2019;s subsidiaries as well as asset and capital management. Support services are provided by the Company&#x2019;s service company, MBIA Services, and include, among others, management, legal, accounting, treasury, information technology, and insurance portfolio surveillance, on a &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;fee-for-service&lt;/div&gt; basis. Capital management includes activities related to servicing obligations issued by MBIA Inc. and its subsidiaries, MBIA Global Funding, LLC (&#x201c;GFL&#x201d;) and MBIA Investment Management Corp. (&#x201c;IMC&#x201d;). MBIA Inc. issued debt to finance the operations of the MBIA group. GFL raised funds through the issuance of MTNs with varying maturities, which were in turn guaranteed by MBIA Corp. GFL lent the proceeds of these MTN issuances to MBIA Inc. IMC, along with MBIA Inc., provided customized investment agreements, guaranteed by MBIA Corp., for bond proceeds and other public funds for such purposes as construction, loan origination, escrow and debt service or other reserve fund requirements. The Company has ceased issuing new MTNs and investment agreements and the outstanding liability balances and corresponding asset balances have declined over time as liabilities matured, terminated or were called or repurchased. All of the debt within the corporate segment is managed collectively and is serviced by available liquidity.&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;International and Structured Finance Insurance &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;The Company&#x2019;s international and structured finance insurance segment is principally conducted through MBIA Corp. The financial guarantees issued by MBIA Corp. generally provide unconditional and irrevocable guarantees of the payment of principal of, and interest or other amounts owing on, &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;non-U.S.&lt;/div&gt; public finance and global structured finance insured obligations when due, or in the event MBIA Corp. has the right, at its discretion, to accelerate insured obligations upon default or otherwise. MBIA Corp. insures the investment contracts written by MBIA Inc., and if MBIA Inc. were to have insufficient assets to pay amounts due upon maturity or termination, MBIA Corp. would make such payments. MBIA Corp. insures debt obligations of the following affiliates:&lt;/div&gt;&lt;div style="margin-top: 6pt; margin-bottom: 0px;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px; table-layout: fixed;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 5%; text-align: left;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 3%; vertical-align: top;"&gt;&#x2022;&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;MBIA Inc.;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;&lt;div style="clear: both; max-height: 0px;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px; table-layout: fixed;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 5%; text-align: left;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 3%; vertical-align: top;"&gt;&#x2022;&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;GFL;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="margin-top: 6pt; margin-bottom: 0px;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px; table-layout: fixed;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 5%; text-align: left;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 3%; vertical-align: top;"&gt;&#x2022;&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;IMC;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="margin-top: 6pt; margin-bottom: 0px;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px; table-layout: fixed;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 5%; text-align: left;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 3%; vertical-align: top;"&gt;&#x2022;&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;MZ Funding LLC; and&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="margin-top: 6pt; margin-bottom: 0px;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px; table-layout: fixed;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 5%; text-align: left;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 3%; vertical-align: top;"&gt;&#x2022;&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;LaCrosse Financial Products, LLC, a wholly-owned affiliate, to which MBIA Insurance Corporation has written insurance policies guaranteeing the obligations under CDS. Certain policies cover payments potentially due under CDS, including termination payments that may become due in certain circumstances, including the occurrence of certain insolvency or payment defaults under the CDS or derivatives contracts by the insured counterparty or by the&#160;guarantor.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;MBIA Corp. insures &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;non-U.S.&lt;/div&gt; public finance and global structured finance obligations, including asset-backed obligations. MBIA Corp. has insured sovereign-related and &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;sub-sovereign&lt;/div&gt; bonds, utilities, privately issued bonds used for the financing of projects that include toll roads, bridges, airports, public transportation facilities, and other types of infrastructure projects serving a substantial public purpose. Global structured finance and asset-backed obligations typically are securities repayable from expected cash flows generated by a specified pool of assets, such as residential and commercial mortgages, insurance policies, consumer loans, corporate loans and bonds, trade and export receivables, and leases for equipment, aircraft and real estate property. MBIA Corp. has also written policies guaranteeing obligations under certain other derivative contracts, including termination payments that may become due upon certain insolvency or payment defaults of the financial guarantor or the issuer. The Company is no longer insuring new CDS contracts except for transactions related to the restructuring of existing exposures. MBIA Corp. has not written any meaningful amount of business since 2008.&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Segments Results &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The following tables provide the Company&#x2019;s segment results for the three months ended March&#160;31, 2020 and 2019: &lt;/div&gt;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; border-spacing: 0px; width: 100%; margin: 12pt auto 0px;"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:55%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:4%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:4%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:4%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:4%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:4%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="18" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Three Months Ended March&#160;31, 2020&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="white-space: nowrap; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;U.S.&#160;Public&lt;br/&gt; Finance&lt;br/&gt; Insurance&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Corporate&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;International&lt;br/&gt; and&#160;Structured&lt;br/&gt; Finance&lt;br/&gt; Insurance&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Eliminations&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Consolidated&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Revenues&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;30&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;6&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;43&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Net gains (losses) on financial instruments at fair value and foreign exchange&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(18)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(56)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;11&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(63)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Revenues of consolidated VIEs&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;14&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;14&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Inter-segment revenues&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(2)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;18&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;4&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(29)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total revenues&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;19&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(32)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;36&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(29)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(6)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Losses and loss adjustment&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;48&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;195&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;243&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Operating&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;14&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;4&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;20&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Interest&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;16&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;31&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;47&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Expenses of consolidated VIEs&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;17&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;17 &lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Inter-segment expenses&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(2)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;14&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;6&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;9&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(29)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total expenses&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;64&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;36&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;256&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(29)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;327&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Income (loss) before income taxes&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(45)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(68)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(220)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(333)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Identifiable assets&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;3,867&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,000&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;4,051&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(2,286)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(3)&lt;/div&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;6,632&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="text-align: center;"&gt; &lt;div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(1)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Represents the sum of third-party financial guarantee net premiums earned, net investment income, insurance-related fees and reimbursements and other fees.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(2)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Represents intercompany premium income and expense and intercompany interest income and expense pertaining to intercompany receivables and payables.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(3)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Consists primarily of intercompany reinsurance balances and repurchase agreements.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; border-spacing: 0px; width: 100%; margin-left: auto; margin-right: auto;"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:55%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:6%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:6%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:6%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:6%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:6%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="18" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Three Months Ended March&#160;31, 2019&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="white-space: nowrap; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;U.S.&#160;Public&lt;br/&gt; Finance&lt;br/&gt; Insurance&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Corporate&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;International&lt;br/&gt; and&#160;Structured&lt;br/&gt; Finance&lt;br/&gt; Insurance&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Eliminations&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Consolidated&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Revenues&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;38&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;10&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; width: 7%; padding: 0pt 4pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 3pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;55&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Net change in fair value of insured derivatives&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; width: 6%; height: 16px; padding: 0pt 3pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; width: 6%; height: 16px; padding: 0pt 3pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;14&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; width: 7%; padding: 0pt 4pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 3pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;14&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Net gains (losses) on financial instruments at fair value and foreign exchange&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;40&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(18)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; width: 8%; height: 30px; padding: 0pt 3pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; width: 7%; padding: 0pt 4pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 3pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;22&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Net investment losses related to other-than-temporary impairments&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(28)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; width: 6%; height: 30px; padding: 0pt 3pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; width: 8%; height: 30px; padding: 0pt 3pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; width: 7%; padding: 0pt 4pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 3pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(28)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other net realized gains (losses)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(1)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; width: 7%; padding: 0pt 4pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 3pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Revenues of consolidated VIEs&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(14)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; width: 6%; height: 16px; padding: 0pt 3pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; width: 8%; height: 16px; padding: 0pt 3pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; width: 7%; padding: 0pt 4pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 3pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(14)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Inter-segment revenues&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(2)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;19&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;3&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(29)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; width: 8%; height: 16px; padding: 0pt 3pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total revenues&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;44&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;28&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(29)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;50&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Losses and loss adjustment&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(50)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; width: 6%; height: 16px; padding: 0pt 3pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;12&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; width: 7%; height: 16px; padding: 0pt 3pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(38)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Operating&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;22&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;6&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; width: 7%; height: 16px; padding: 0pt 3pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;30&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Interest&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; width: 6%; height: 16px; padding: 0pt 3pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;19&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;33&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; width: 7%; height: 16px; padding: 0pt 3pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;52&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Expenses of consolidated VIEs&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; width: 6%; height: 16px; padding: 0pt 3pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; width: 5%; height: 16px; padding: 0pt 3pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;25&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; width: 7%; height: 16px; padding: 0pt 3pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;25&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Inter-segment expenses&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(2)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;15&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;6&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;8&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(29)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; width: 8%; height: 16px; padding: 0pt 3pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total expenses&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(33)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;47&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;84&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(29)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;69&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Income (loss) before income taxes&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;77&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(40)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(56)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; width: 7%; height: 16px; padding: 0pt 3pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(19)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="text-align: center;"&gt; &lt;div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(1)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Represents the sum of third-party financial guarantee net premiums earned, net investment income, insurance-related fees and reimbursements and other fees.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(2)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Represents intercompany premium income and expense and intercompany interest income and expense pertaining to intercompany receivables and payables.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; </us-gaap:SegmentReportingDisclosureTextBlock>
    <us-gaap:NumberOfOperatingSegments
      contextRef="P01_01_2020To03_31_2020"
      decimals="INF"
      unitRef="Unit_segments">3</us-gaap:NumberOfOperatingSegments>
    <us-gaap:ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock contextRef="P01_01_2020To03_31_2020">&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The following tables provide the Company&#x2019;s segment results for the three months ended March&#160;31, 2020 and 2019: &lt;/div&gt;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; border-spacing: 0px; width: 100%; margin: 12pt auto 0px;"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:55%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:4%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:4%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:4%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:4%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:4%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="18" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Three Months Ended March&#160;31, 2020&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="white-space: nowrap; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;U.S.&#160;Public&lt;br/&gt; Finance&lt;br/&gt; Insurance&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Corporate&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;International&lt;br/&gt; and&#160;Structured&lt;br/&gt; Finance&lt;br/&gt; Insurance&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Eliminations&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Consolidated&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Revenues&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;30&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;6&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;43&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Net gains (losses) on financial instruments at fair value and foreign exchange&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(18)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(56)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;11&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(63)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Revenues of consolidated VIEs&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;14&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;14&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Inter-segment revenues&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(2)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;18&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;4&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(29)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total revenues&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;19&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(32)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;36&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(29)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(6)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Losses and loss adjustment&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;48&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;195&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;243&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Operating&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;14&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;4&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;20&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Interest&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;16&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;31&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;47&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Expenses of consolidated VIEs&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;17&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;17 &lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Inter-segment expenses&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(2)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;14&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;6&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;9&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(29)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total expenses&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;64&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;36&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;256&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(29)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;327&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Income (loss) before income taxes&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(45)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(68)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(220)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(333)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Identifiable assets&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;3,867&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1,000&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;4,051&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(2,286)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(3)&lt;/div&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;6,632&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="text-align: center;"&gt; &lt;div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(1)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Represents the sum of third-party financial guarantee net premiums earned, net investment income, insurance-related fees and reimbursements and other fees.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(2)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Represents intercompany premium income and expense and intercompany interest income and expense pertaining to intercompany receivables and payables.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(3)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Consists primarily of intercompany reinsurance balances and repurchase agreements.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; border-spacing: 0px; width: 100%; margin-left: auto; margin-right: auto;"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:55%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:6%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:6%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:6%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:6%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:6%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="18" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Three Months Ended March&#160;31, 2019&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="white-space: nowrap; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;U.S.&#160;Public&lt;br/&gt; Finance&lt;br/&gt; Insurance&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Corporate&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;International&lt;br/&gt; and&#160;Structured&lt;br/&gt; Finance&lt;br/&gt; Insurance&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Eliminations&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Consolidated&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Revenues&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(1)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;38&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;10&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; width: 7%; padding: 0pt 4pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 3pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;55&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Net change in fair value of insured derivatives&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; width: 6%; height: 16px; padding: 0pt 3pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; width: 6%; height: 16px; padding: 0pt 3pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;14&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; width: 7%; padding: 0pt 4pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 3pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;14&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Net gains (losses) on financial instruments at fair value and foreign exchange&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;40&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(18)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; width: 8%; height: 30px; padding: 0pt 3pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; width: 7%; padding: 0pt 4pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 3pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;22&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Net investment losses related to other-than-temporary impairments&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(28)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; width: 6%; height: 30px; padding: 0pt 3pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; width: 8%; height: 30px; padding: 0pt 3pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; width: 7%; padding: 0pt 4pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 3pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(28)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other net realized gains (losses)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(1)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; width: 7%; padding: 0pt 4pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 3pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;1&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Revenues of consolidated VIEs&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(14)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; width: 6%; height: 16px; padding: 0pt 3pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; width: 8%; height: 16px; padding: 0pt 3pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; width: 7%; padding: 0pt 4pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 3pt; margin-bottom: 0pt; margin-top: 0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(14)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Inter-segment revenues&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(2)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;19&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;3&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(29)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; width: 8%; height: 16px; padding: 0pt 3pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total revenues&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;44&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;7&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;28&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(29)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;50&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Losses and loss adjustment&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(50)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; width: 6%; height: 16px; padding: 0pt 3pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;12&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; width: 7%; height: 16px; padding: 0pt 3pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(38)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Operating&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;22&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;6&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; width: 7%; height: 16px; padding: 0pt 3pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;30&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Interest&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; width: 6%; height: 16px; padding: 0pt 3pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;19&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;33&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; width: 7%; height: 16px; padding: 0pt 3pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;52&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Expenses of consolidated VIEs&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; width: 6%; height: 16px; padding: 0pt 3pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; width: 5%; height: 16px; padding: 0pt 3pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;25&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; width: 7%; height: 16px; padding: 0pt 3pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;25&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Inter-segment expenses&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt;(2)&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;15&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;6&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;8&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(29)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; width: 8%; height: 16px; padding: 0pt 3pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Total expenses&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(33)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;47&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;84&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(29)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;69&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Income (loss) before income taxes&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;77&#160;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(40)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(56)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; width: 7%; height: 16px; padding: 0pt 3pt 0pt 0pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(19)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="text-align: center;"&gt; &lt;div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(1)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Represents the sum of third-party financial guarantee net premiums earned, net investment income, insurance-related fees and reimbursements and other fees.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(2)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Represents intercompany premium income and expense and intercompany interest income and expense pertaining to intercompany receivables and payables.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; </us-gaap:ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock>
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      id="Fact_12965869"
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      unitRef="Unit_USD">-56000000</mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange>
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      contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis_IntersegmentEliminationMembersrtConsolidationItemsAxis"
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      unitRef="Unit_USD">0</mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange>
    <mbi:NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange
      contextRef="P01_01_2020To03_31_2020_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMembersrtConsolidatedEntitiesAxis"
      decimals="-6"
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&lt;td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Basic earnings per share: &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Net income (loss) available to common shareholders &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(333&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(21&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Basic weighted average shares&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt; (1)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;72.1 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;85.6 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Net income (loss) per basic common share &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(4.62&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(0.24&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Diluted earnings per share: &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Net income (loss) available to common shareholders &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(333&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(21&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Diluted weighted average shares&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt; (1)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;72.1 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;85.6 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Net income (loss) per diluted common share &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(4.62&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(0.24&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Potentially dilutive securities excluded from the calculation of diluted EPS because of antidilutive affect &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;4.9 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;4.5 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="text-align: center;"&gt; &lt;div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(1)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Includes 0.9&#160;million of participating securities that met the service condition and were eligible to receive nonforfeitable dividends or dividend equivalents for each of the three months ended March&#160;31, 2020 and 2019, respectively.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt;</us-gaap:EarningsPerShareTextBlock>
    <mbi:ScheduleOfBasicAndDilutedEarningsPerShareTableTextBlock contextRef="P01_01_2020To03_31_2020">&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The following table presents the computation of basic and diluted earnings per share for the three months ended March&#160;31, 2020 and 2019: &lt;/div&gt;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="margin: 12pt auto 0px; width: 100%; font-size: 10pt; border-collapse: separate; border-spacing: 0;"&gt;
&lt;tr style="color: white; line-height: 0pt; visibility: hidden;"&gt;
&lt;td style="width: 78%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 7%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="white-space: nowrap; font-family: Arial;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 7%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="white-space: nowrap; font-family: Arial;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt; &lt;/tr&gt;
&lt;tr style="font-size: 8pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="7" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Three&#160;Months&#160;Ended&#160;March&#160;31, &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 8pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In millions except per share amounts &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&#160;&#160;&#160;2020&#160;&#160;&#160;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&#160;&#160;&#160;2019&#160;&#160;&#160;&#160;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Basic earnings per share: &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Net income (loss) available to common shareholders &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(333&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(21&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Basic weighted average shares&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt; (1)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;72.1 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;85.6 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Net income (loss) per basic common share &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(4.62&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(0.24&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Diluted earnings per share: &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Net income (loss) available to common shareholders &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(333&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(21&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Diluted weighted average shares&lt;div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"&gt; (1)&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;72.1 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;85.6 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Net income (loss) per diluted common share &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(4.62&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(0.24&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Potentially dilutive securities excluded from the calculation of diluted EPS because of antidilutive affect &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;4.9 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;4.5 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"/&gt; &lt;div style="clear: both; max-height: 0px; background: none;"/&gt; &lt;div style="text-align: center;"&gt; &lt;div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;"&gt;
&lt;tr style="page-break-inside: avoid;"&gt;
&lt;td style="width: 3%; vertical-align: top; white-space: nowrap;"&gt;(1)&#160;-&lt;/td&gt;
&lt;td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;Includes 0.9&#160;million of participating securities that met the service condition and were eligible to receive nonforfeitable dividends or dividend equivalents for each of the three months ended March&#160;31, 2020 and 2019, respectively.&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt;</mbi:ScheduleOfBasicAndDilutedEarningsPerShareTableTextBlock>
    <us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic
      contextRef="P01_01_2020To03_31_2020"
      decimals="-6"
      unitRef="Unit_USD">-333000000</us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic>
    <us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic
      contextRef="P01_01_2019To03_31_2019"
      decimals="-6"
      unitRef="Unit_USD">-21000000</us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic>
    <us-gaap:WeightedAverageNumberOfSharesOutstandingBasic
      contextRef="P01_01_2020To03_31_2020"
      decimals="-5"
      id="Fact_12965892"
      unitRef="Unit_shares">72100000</us-gaap:WeightedAverageNumberOfSharesOutstandingBasic>
    <us-gaap:WeightedAverageNumberOfSharesOutstandingBasic
      contextRef="P01_01_2019To03_31_2019"
      decimals="-5"
      id="Fact_12965886"
      unitRef="Unit_shares">85600000</us-gaap:WeightedAverageNumberOfSharesOutstandingBasic>
    <us-gaap:EarningsPerShareBasic
      contextRef="P01_01_2020To03_31_2020"
      decimals="2"
      unitRef="Unit_USD_per_Share">-4.62</us-gaap:EarningsPerShareBasic>
    <us-gaap:EarningsPerShareBasic
      contextRef="P01_01_2019To03_31_2019"
      decimals="2"
      unitRef="Unit_USD_per_Share">-0.24</us-gaap:EarningsPerShareBasic>
    <us-gaap:NetIncomeLossAvailableToCommonStockholdersDiluted
      contextRef="P01_01_2020To03_31_2020"
      decimals="-6"
      unitRef="Unit_USD">-333000000</us-gaap:NetIncomeLossAvailableToCommonStockholdersDiluted>
    <us-gaap:NetIncomeLossAvailableToCommonStockholdersDiluted
      contextRef="P01_01_2019To03_31_2019"
      decimals="-6"
      unitRef="Unit_USD">-21000000</us-gaap:NetIncomeLossAvailableToCommonStockholdersDiluted>
    <us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding
      contextRef="P01_01_2020To03_31_2020"
      decimals="-5"
      id="Fact_12965893"
      unitRef="Unit_shares">72100000</us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding>
    <us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding
      contextRef="P01_01_2019To03_31_2019"
      decimals="-5"
      id="Fact_12965888"
      unitRef="Unit_shares">85600000</us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding>
    <us-gaap:EarningsPerShareDiluted
      contextRef="P01_01_2020To03_31_2020"
      decimals="2"
      unitRef="Unit_USD_per_Share">-4.62</us-gaap:EarningsPerShareDiluted>
    <us-gaap:EarningsPerShareDiluted
      contextRef="P01_01_2019To03_31_2019"
      decimals="2"
      unitRef="Unit_USD_per_Share">-0.24</us-gaap:EarningsPerShareDiluted>
    <us-gaap:WeightedAverageNumberDilutedSharesOutstandingAdjustment
      contextRef="P01_01_2020To03_31_2020"
      decimals="-5"
      unitRef="Unit_shares">4900000</us-gaap:WeightedAverageNumberDilutedSharesOutstandingAdjustment>
    <us-gaap:WeightedAverageNumberDilutedSharesOutstandingAdjustment
      contextRef="P01_01_2019To03_31_2019"
      decimals="-5"
      unitRef="Unit_shares">4500000</us-gaap:WeightedAverageNumberDilutedSharesOutstandingAdjustment>
    <us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
      contextRef="P01_01_2019To03_31_2019"
      decimals="-5"
      unitRef="Unit_shares">900000</us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
    <us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
      contextRef="P01_01_2020To03_31_2020"
      decimals="-5"
      unitRef="Unit_shares">900000</us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
    <us-gaap:ComprehensiveIncomeNoteTextBlock contextRef="P01_01_2020To03_31_2020">&lt;div id="toc893688_20" style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Note 12: Accumulated Other Comprehensive Income &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The following table presents the changes in the components of AOCI for the three months ended March&#160;31, 2020: &lt;/div&gt;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:61%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:7%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:7%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:7%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:7%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Unrealized&lt;br/&gt; Gains&#160;(Losses)&lt;br/&gt; on AFS&lt;br/&gt; Securities, Net&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Foreign&lt;br/&gt; Currency&lt;br/&gt; Translation,&lt;br/&gt; Net&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Instrument-Specific &lt;/div&gt;&lt;br/&gt; Credit Risk of&lt;br/&gt; Liabilities&lt;br/&gt; Measured at Fair&lt;br/&gt; Value, Net&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Total&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Balance, December&#160;31, 2019&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;112&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(7&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(107&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(2&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other comprehensive income (loss) before reclassifications&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;48&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;46&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;94&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Amounts reclassified from AOCI&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(3&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Net period other comprehensive income (loss)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;45&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;48&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;93&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Balance, March&#160;31, 2020&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;157&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(7&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(59&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;91&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt;&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The following table presents the details of the reclassifications from AOCI for the three months ended March&#160;31, 2020 and 2019: &lt;/div&gt;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="margin: 12pt auto 0px; width: 100%; font-size: 10pt; border-collapse: separate; border-spacing: 0;"&gt;
&lt;tr style="font-size: 0px;"&gt;
&lt;td style="width: 38%; font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 7%; font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 7%; font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 7%; font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 37%; font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 8pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; font-size: 8pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In millions &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="6" style="vertical-align: bottom; font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Amounts&#160;Reclassified from&#160;AOCI &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="6" style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 8pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Three&#160;Months&#160;Ended&#160;March&#160;31, &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 8pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; font-size: 8pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Details&#160;about&#160;AOCI&#160;Components &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2020 &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2019 &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Affected Line Item on the Consolidated &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Statements of Operations &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Unrealized gains (losses) on AFS securities: &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Realized gains (losses) on sale of securities &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;3&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;39&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Net gains (losses) on financial instruments at fair value and foreign exchange &lt;/div&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;Credit losses&lt;/div&gt; &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;-&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(28) &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Net investment losses related to OTTI &lt;/div&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Total unrealized gains (losses) on AFS securities &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;3&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;11&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Instrument-specific credit risk of liabilities: &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Settlement of liabilities &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(2) &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(4) &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Net gains (losses) on financial instruments at fair value and foreign exchange &lt;/div&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Total reclassifications for the period &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;1&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;7&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Net income (loss) &lt;/div&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt;</us-gaap:ComprehensiveIncomeNoteTextBlock>
    <us-gaap:ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock contextRef="P01_01_2020To03_31_2020">&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The following table presents the changes in the components of AOCI for the three months ended March&#160;31, 2020: &lt;/div&gt;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto"&gt;
&lt;tr style="visibility:hidden;line-height:0pt;color:white;"&gt;
&lt;td style="width:61%;"&gt;&#160;&lt;/td&gt;
&lt;td style="width:7%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:7%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:7%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="width:7%;"&gt;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt;
&lt;td style="white-space:nowrap;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:8pt;"&gt;
&lt;td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;In millions&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Unrealized&lt;br/&gt; Gains&#160;(Losses)&lt;br/&gt; on AFS&lt;br/&gt; Securities, Net&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Foreign&lt;br/&gt; Currency&lt;br/&gt; Translation,&lt;br/&gt; Net&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Instrument-Specific &lt;/div&gt;&lt;br/&gt; Credit Risk of&lt;br/&gt; Liabilities&lt;br/&gt; Measured at Fair&lt;br/&gt; Value, Net&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"&gt; &lt;div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;Total&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Balance, December&#160;31, 2019&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;112&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(7&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(107&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(2&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Other comprehensive income (loss) before reclassifications&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;48&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;46&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;94&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Amounts reclassified from AOCI&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(3&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;2&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(1&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Net period other comprehensive income (loss)&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;45&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;-&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;48&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;93&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:1px solid #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;"&gt;
&lt;td style="vertical-align:top;padding:0;"&gt; &lt;div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;Balance, March&#160;31, 2020&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;157&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(7&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;(59&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;"&gt;)&lt;/td&gt;
&lt;td style="vertical-align:top;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"&gt;$&lt;/td&gt;
&lt;td style="vertical-align:bottom;text-align:right"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"&gt;91&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size:0pt;page-break-inside:avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="border-bottom:3px double #000000;vertical-align:bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt;</us-gaap:ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock>
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    <us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock contextRef="P01_01_2020To03_31_2020">&lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The following table presents the details of the reclassifications from AOCI for the three months ended March&#160;31, 2020 and 2019: &lt;/div&gt;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="margin: 12pt auto 0px; width: 100%; font-size: 10pt; border-collapse: separate; border-spacing: 0;"&gt;
&lt;tr style="font-size: 0px;"&gt;
&lt;td style="width: 38%; font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 7%; font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 7%; font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 7%; font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt;
&lt;td style="width: 37%; font-family: Arial; padding: 0px;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 8pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; font-size: 8pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;In millions &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="6" style="vertical-align: bottom; font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Amounts&#160;Reclassified from&#160;AOCI &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="6" style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 8pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Three&#160;Months&#160;Ended&#160;March&#160;31, &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 8pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; font-size: 8pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Details&#160;about&#160;AOCI&#160;Components &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2020 &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;2019 &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Affected Line Item on the Consolidated &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Statements of Operations &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Unrealized gains (losses) on AFS securities: &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Realized gains (losses) on sale of securities &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;3&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;39&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Net gains (losses) on financial instruments at fair value and foreign exchange &lt;/div&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;Credit losses&lt;/div&gt; &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;-&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(28) &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Net investment losses related to OTTI &lt;/div&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Total unrealized gains (losses) on AFS securities &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;3&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;11&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Instrument-specific credit risk of liabilities: &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Settlement of liabilities &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(2) &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;(4) &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Net gains (losses) on financial instruments at fair value and foreign exchange &lt;/div&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Total reclassifications for the period &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;1&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;7&#160;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Net income (loss) &lt;/div&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 0pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;"&gt;&#160;&lt;/td&gt;
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    <us-gaap:CommitmentsAndContingenciesDisclosureTextBlock contextRef="P01_01_2020To03_31_2020">&lt;div id="toc893688_21" style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Note 13: Commitments and Contingencies &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;The following commitments and contingencies provide an update of those discussed in &#x201c;Note 19: Commitments and Contingencies&#x201d; in the Notes to Consolidated Financial Statements included in the Company&#x2019;s Annual Report on Form &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;10-K&lt;/div&gt; for the year ended December&#160;31, 2019, and should be read in conjunction with the complete descriptions provided in the aforementioned Form &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;10-K. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Litigation &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;MBIA Insurance Corp. v. Credit Suisse Securities (USA) LLC, et al.&lt;/div&gt;&lt;/div&gt;; Index No.&#160;603751/2009 (N.Y. Sup. Ct., N.Y. County)&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;On September&#160;13, 2018, the Appellate Division of the Supreme Court, First Judicial Department issued a ruling on the parties&#x2019; cross-appeals from the court&#x2019;s March&#160;31, 2017 decision and order on the parties&#x2019; summary judgment motions. The ruling affirmed the trial court&#x2019;s decision, except reversed as to the trial court&#x2019;s determination to interpret as a matter of law, prior to trial, certain of the representations and warranties that form the predicate for certain of MBIA Corp.&#x2019;s breach of contract claims. Trial of the case concluded on August&#160;2, 2019. Post-trial briefs have been submitted, and the case is under submission. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;Tilton v. MBIA Inc., et al.; &lt;/div&gt;&lt;/div&gt;No. &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;7:19-cv-09733-WHP&lt;/div&gt; (S.D.N.Y.)&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;On November&#160;2, 2015, Lynn Tilton and Patriarch Partners XV, LLC filed a complaint in New York State Supreme Court, Westchester County, against MBIA Inc. and MBIA Corp., alleging fraudulent inducement and related claims arising from purported promises made in connection with insurance policies issued by MBIA Corp. on certain collateralized loan obligations managed by Ms.&#160;Tilton and affiliated Patriarch entities, and seeking damages. Plaintiffs filed an amended complaint on January&#160;15, 2016.&#160;On October&#160;21, 2019, the Company removed the case to the United States District Court for the Southern District. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;Tilton et al. v. MBIA Inc., et al., Adversary Case No.&lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;19-50390&lt;/div&gt; (KBO)&#160;(Bankr. Del.) &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;On October&#160;1, 2019, Lynn Tilton and certain affiliated entities commenced an adversary proceeding in the Zohar Funds Bankruptcy Cases against MBIA Inc., MBIA Corp. and other Zohar Fund creditors seeking the equitable subordination of those creditors&#x2019; claims with respect to the Zohar Funds. Plaintiffs claim they are entitled to relief due to inequitable and unfair conduct by defendants. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;Motion of Assured Guaranty Corp., Assured Guaranty Municipal Corp., and National Public Finance Guarantee Corporation for Adequate Protection or, in the Alternative, for Relief from the Automatic Stay&lt;/div&gt;&lt;/div&gt;, Case No.&#160;17 BK &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;3567-LTS &lt;/div&gt; (D.P.R. August&#160;23, 2019) (Swain, J.)&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;On January&#160;16, 2020, National, Ambac and Assured (&#x201c;Movants&#x201d;) filed a renewed motion in the PRHTA Title III case for relief from the automatic stay or, in the alternative, adequate protection. The motion seeks leave to file a complaint in Puerto Rico, and argues that the revenues securing the bonds insured by Movants are being improperly diverted away from PRHTA, despite such revenues being the exclusive property of PRHTA and its bondholders. Movants argue that the bonds are secured by two categories of collateral: (i)&#160;Toll Revenues, and (ii)&#160;Excise Taxes collected on behalf of HTA and bondholders by the Commonwealth, which are subject to both perfected security interests. Movants explain that, although PROMESA expressly preserves liens, the Commonwealth improperly diverted HTA&#x2019;s pledged revenues and commingled HTA&#x2019;s funds with those of the Commonwealth. In addition, the Commonwealth has asserted an outright ownership interest in the Excise Taxes, which Movants argue the Commonwealth is required to hold in trust for HTA and its bondholders. Movants assert that these actions have caused a permanent loss of collateral and threaten Movants&#x2019; interest in its remaining collateral. The preliminary lift stay hearing date is currently scheduled for June 4, 2020. &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;The Financial Oversight and Management Board for Puerto Rico, as representative of The Puerto Rico Electric Power Authority, et al.&lt;/div&gt;&lt;/div&gt;, Case No.&#160;17 BK &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;4780-LTS&lt;/div&gt; (D.P.R. July&#160;19, 2017) (Swain, J.)&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;On July&#160;18, 2017, National, together with other PREPA bondholders, asked the court overseeing PREPA&#x2019;s Title III bankruptcy proceeding to lift the automatic bankruptcy stay, and permit bondholders to seek appointment of a receiver to oversee PREPA. On September&#160;14, 2017, the court held that PROMESA barred relief from the stay. The bondholders appealed the decision to the First Circuit. On August&#160;8, 2018, the First Circuit issued an order reversing Judge Swain&#x2019;s decision on jurisdictional grounds and remanding the motion. On October&#160;3, 2018, National, together with other monolines filed an updated motion for relief from the automatic stay to allow Movants to exercise their statutory right to have a receiver appointed at PREPA. The Oversight Board filed a motion to dismiss the receiver motion. The motions have been stayed until five business days following the ruling on the PREPA 9019 Settlement Motion. The PREPA 9019 Settlement Motion has been adjourned until further order of the Court. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 0pt; margin-bottom: 0pt;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Definitive Restructuring Support Agreement for PREPA &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;On May&#160;3, 2019, PREPA, the Oversight Board, the Puerto Rico Fiscal Agency and Financial Advisory Authority (&#x201c;AAFAF&#x201d;), the Ad Hoc Group of PREPA bondholders (the &#x201c;Ad Hoc Group&#x201d;), and Assured Guaranty Corp. and Assured Guaranty Municipal Corp. (&#x201c;Assured&#x201d;) (together, the &#x201c;RSA Parties&#x201d;) entered into the RSA. On September&#160;9, 2019 National, Syncora Guarantee Inc. (&#x201c;Syncora&#x201d;), and the RSA Parties agreed on an amendment to the RSA pursuant to which National and Syncora joined the RSA. The RSA includes the agreement for resolving PREPA&#x2019;s restructuring plan issues and arrangements. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Pursuant to the RSA, the Oversight Board filed a Rule 9019 motion with the Title III court in May of 2019 seeking approval of the RSA (the &#x201c;Settlement Motion&#x201d;). The RSA requires, upon entry of the order approving the Settlement Motion (the &#x201c;9019 Order&#x201d;), that Movants will withdraw the Receiver Motion, and the Ad Hoc Group will support such withdrawal. As contemplated by the RSA, on July&#160;1, 2019, the Oversight Board and AAFAF also filed an adversary complaint against the Trustee for the PREPA Bonds, challenging the validity of the liens arising under the Trust Agreement that secure insured obligations of National. The adversary proceeding is stayed until the earlier of (a) 60 days after the Court denies the Settlement Motion, (b)&#160;consummation of a Plan, (c) 60 days after the filing by the Oversight Board and AAFAF of a Litigation Notice, or (d)&#160;further order of the Court. The hearing for the Settlement Motion has been adjourned until further order of the Court. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;Cortland Capital Market Services LLC, et al. v. The Financial Oversight and Management Board for Puerto Rico et, al.,&lt;/div&gt;&lt;/div&gt; Case No.&lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;19-00396&lt;/div&gt; (D.P.R. July&#160;9, 2019) (Swain, J.)&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;On July&#160;9, 2019, the &#x201c;Fuel Line Lenders,&#x201d; parties who extended approximately $700&#160;million to PREPA beginning in 2012 to fund fuel purchases, filed an adversary complaint against the Oversight Board, PREPA, AAFAF, and the Trustee for the PREPA Bonds, alleging that they are entitled to be paid in full before National and other bondholders have any lien on or recourse to PREPA&#x2019;s assets, including pursuant to the RSA. On September&#160;30, 2019, the Fuel Line Lenders filed an amended complaint which added National, Assured, Syncora, and the Ad Hoc Group as defendants. Defendants moved to dismiss the Fuel Line Lenders&#x2019; adversary complaint on November&#160;11, 2019. The Fuel Line Lenders filed their opposition to the motion to dismiss on December&#160;5, 2019. Defendants&#x2019; reply in support of the motion to dismiss was filed February&#160;3, 2020. The hearing on the motion to dismiss was adjourned until the Court determines when the 9019 Settlement Motion and related litigation will recommence. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;The Financial Oversight and Management Board for Puerto Rico, as Representative of the Commonwealth of Puerto Rico, et al. v. the Puerto Rico Public Buildings Authority&lt;/div&gt;&lt;/div&gt;, Case No.&lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;18-00149&lt;/div&gt; (D.P.R. December&#160;21, 2018) (Swain, J.)&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;On December&#160;21, 2018, the Oversight Board and the Official Committee of Unsecured Creditors of all Debtors other than COFINA filed an adversary complaint against the Puerto Rico Public Buildings Authority (&#x201c;PBA&#x201d;), seeking a declaration that leases purportedly entered into by PBA are in fact disguised financing transactions and that PBA therefore has no right under PROMESA or the Bankruptcy Code to receive post-petition payments from the Title III debtors or administrative claims against the debtors. On January&#160;28, 2019, National filed a motion to intervene in the proceeding. On March&#160;12, 2019, the Court granted National&#x2019;s intervention motion. On March&#160;19, 2019, National filed an answer to the complaint. On September&#160;27, 2019, the Oversight Board filed a voluntary petition for relief for PBA pursuant to PROMESA, commencing a case under Title III. The complaint has been stayed indefinitely by order of the Court. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;The Financial Oversight and Management Board for Puerto Rico, as Representative of the Commonwealth of Puerto Rico, et al. v. National Public Finance Guarantee Corporation, et al&lt;/div&gt;&lt;/div&gt;., Case No.&lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&#160;19-00291&lt;/div&gt; (D.P.R. May&#160;2, 2019) (Swain, J.)&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;On May&#160;2, 2019, the Oversight Board and the Official Committee of Unsecured Creditors of all Title III Debtors (other than COFINA) (the &#x201c;Committee&#x201d;) filed lien avoidance adversary complaints against several hundred defendants, including National, challenging the existence, extent, and enforceability of GO bondholders&#x2019; liens. After an approximately five-month stay of litigation entered by the Court on July&#160;24, 2019, these adversary proceedings resumed pursuant to an interim schedule entered by the Court in December 2019. On February&#160;5, 2020, National and Assured Guaranty Municipal Corp. filed a motion to dismiss the adversary proceeding. The motion has been stayed indefinitely by order of the Court. &lt;/div&gt;&lt;/div&gt;  &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"&gt;&lt;div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;National Public Finance Guarantee Corporation et al. v. UBS Financial Services, Inc. et al., &lt;/div&gt;&lt;/div&gt;No. &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;19-422-LTS&lt;/div&gt; (D.P.R.), removed from No. SJ2019CV07932 (Superior Court San Juan)&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;On August&#160;8, 2019, National and MBIA Corp. filed suit in the Court of First Instance in San Juan, Puerto Rico against UBS Financial Services, Inc., UBS Securities LLC, Citigroup Global Markets Inc., Goldman Sachs&#160;&amp;amp; Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley&#160;&amp;amp; Co. LLC, Merrill Lynch, Fenner&#160;&amp;amp; Smith Inc., RBC Capital Markets LLC, and Santander Securities LLC, bringing two claims under Puerto Rico law: doctrina de actos propios (the doctrine of one&#x2019;s own acts) and unilateral declaration of will. These claims concern the insurance by National of bonds issued by the Commonwealth of Puerto Rico and its instrumentalities that were underwritten by these defendants. National alleges that, when the defendants solicited bond insurance, they represented through their acts that they would investigate certain information they provided to National and that they had a reasonable basis to believe that information was true and complete. National further alleges that the defendants did not perform such investigations and that key information was untrue or incomplete. National seeks damages to be proven at trial. On September&#160;9, 2019, Defendants removed National&#x2019;s claims to federal court in the District of Puerto Rico. National filed its motion to remand the case on October&#160;9, 2019. The court has not requested a hearing, and the motion is pending. &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;Complaint Objecting to Defendants&#x2019; Claims and Seeking Related Relief, &lt;/div&gt;&lt;/div&gt;Case No. &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;17-03283-LTS&lt;/div&gt; (D.P.R. January&#160;16, 2020) (Swain J.)&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;On January&#160;16, 2020, the Oversight Board filed an adversary complaint against National, Ambac, Assured Guaranty, Assured Guaranty Municipal Corp., Financial Guaranty Insurance Company, Peaje Investments LLC and the Bank of New York Mellon as fiscal agent. The Oversight Board challenges the claims and validity of the liens asserted against the Commonwealth by holders of HTA bonds. The complaint contains 201 counts against the bondholder parties objecting to proofs of claim and security interests asserted regarding the Commonwealth&#x2019;s retention of certain revenues previously assigned to HTA. This matter is currently stayed but the Court permitted the Oversight Board to file certain limited cross motions on April&#160;28, 2020. &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;Complaint Objecting to Defendants&#x2019; Claims and Seeking Related Relief, &lt;/div&gt;&lt;/div&gt;Case No. &lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;20-00007-LTS&lt;/div&gt; (January 16, 2020) (Swain J.)&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;On January&#160;16, 2020, the Oversight Board and the Creditors Committee filed an adversary complaint against National and other defendants challenging the claims and validity of the liens asserted against HTA by holders and insurers of HTA bonds. The complaint contains 302 counts challenging the claims and liens asserted against HTA. This matter has been stayed indefinitely by order of the Court. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;For those aforementioned actions in which it is a defendant, the Company is defending against those actions and expects ultimately to prevail on the merits. There is no assurance, however, that the Company will prevail in these actions. Adverse rulings in these actions could have a material adverse effect on the Company&#x2019;s ability to implement its strategy and on its business, results of operations, cash flows and financial condition. At this stage of the litigation, there has not been a determination as to the amount, if any, of damages. Accordingly, the Company is not able to estimate any amount of loss or range of loss. The Company similarly can provide no assurance that it will be successful in those actions in which it is a plaintiff. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;There are no other material lawsuits pending or, to the knowledge of the Company, threatened, to which the Company or any of its subsidiaries is a party. &lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"&gt;&lt;div style="font-style:italic;display:inline;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Lease Commitments &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;The Company has a lease agreement for its headquarters in Purchase, New York as well as other immaterial leases for offices in New York, New York and San Francisco, California, as well as office equipment. The Purchase, New York initial lease term expires in 2030 with the option to terminate the lease in 2025 upon the payment of a termination amount. This lease agreement included an incentive amount to fund certain leasehold improvements, renewal options, escalation clauses and a free rent period. This lease agreement has been classified as an operating lease, and operating rent expense is recognized on a straight-line basis. The following table provides information about the Company&#x2019;s leases as of March&#160;31, 2020: &lt;/div&gt;&lt;/div&gt;
&lt;table border="0" cellpadding="0" cellspacing="0" style="margin: 12pt auto 0px; width: 76%; font-size: 10pt; border-collapse: separate; border-spacing: 0;"&gt;
&lt;tr style="color: white; line-height: 0pt; visibility: hidden;"&gt;
&lt;td style="width: 65%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 9%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="white-space: nowrap; font-family: Arial;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 9%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="white-space: nowrap; font-family: Arial;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt; &lt;/tr&gt;
&lt;tr style="font-size: 8pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;$ in millions &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;As of&lt;br/&gt; March&#160;31,&#160;2020 &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Balance&#160;Sheet&#160;Location &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Right-of-use&lt;/div&gt; asset&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;21 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Other&#160;assets &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Lease liability &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;21 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Other&#160;liabilities &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Weighted average remaining lease term (years) &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;8.3 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Discount rate used for operating leases &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;7.5&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"&gt;%&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Total future minimum lease payments &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;$&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;31 &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt; &lt;div style="clear: both; max-height: 0px;"&gt;&#160;&lt;/div&gt;</us-gaap:CommitmentsAndContingenciesDisclosureTextBlock>
    <mbi:PrepaWorkingCapital
      contextRef="P01_01_2020To03_31_2020_FuelLineLendersMembersrtConsolidatedEntitiesAxis"
      decimals="-6"
      unitRef="Unit_USD">700000000</mbi:PrepaWorkingCapital>
    <mbi:NumberOfOtherLawsuits
      contextRef="PAsOn03_31_2020"
      decimals="0"
      unitRef="Unit_issue">0</mbi:NumberOfOtherLawsuits>
    <us-gaap:OperatingLeasesOfLesseeDisclosureTextBlock contextRef="P01_01_2020To03_31_2020">
&lt;table border="0" cellpadding="0" cellspacing="0" style="margin: 12pt auto 0px; width: 76%; font-size: 10pt; border-collapse: separate; border-spacing: 0;"&gt;
&lt;tr style="color: white; line-height: 0pt; visibility: hidden;"&gt;
&lt;td style="width: 65%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 9%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="white-space: nowrap; font-family: Arial;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="width: 9%; font-family: Arial; padding: 0px;"/&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt;
&lt;td style="white-space: nowrap; font-family: Arial;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; padding: 0px;"/&gt; &lt;/tr&gt;
&lt;tr style="font-size: 8pt; page-break-inside: avoid;"&gt;
&lt;td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"&gt; &lt;div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;$ in millions &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;As of&lt;br/&gt; March&#160;31,&#160;2020 &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt;
&lt;td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"&gt; &lt;div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&lt;div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Balance&#160;Sheet&#160;Location &lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"&gt;&lt;div style="font-weight:bold;display:inline;"&gt;&#160;&lt;/div&gt;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"&gt;
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&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
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&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; font-size: 10pt;"&gt; &lt;div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Other&#160;assets &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
&lt;tr style="font-size: 10pt; page-break-inside: avoid;"&gt;
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&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
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&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
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&lt;td style="padding: 0px; vertical-align: top; font-size: 10pt;"&gt; &lt;div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"&gt;&lt;div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"&gt;Weighted average remaining lease term (years) &lt;/div&gt;&lt;/div&gt; &lt;/td&gt;
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&lt;td style="vertical-align: top; font-family: Arial;"&gt;&#160;&lt;/td&gt;
&lt;td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"&gt;&#160;&lt;/td&gt;
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&lt;td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;"&gt;&#160;&lt;/td&gt; &lt;/tr&gt;
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        <link:loc
          xlink:href="#Fact_12966046"
          xlink:label="Fact_12966046"
          xlink:type="locator"/>
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          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
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        <link:loc
          xlink:href="#Fact_12966160"
          xlink:label="Fact_12966160"
          xlink:type="locator"/>
        <link:footnote id="FN_49354" xlink:label="FN_49354" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US">Represents unrealized gains or losses on OTTI securities recognized in AOCI, which includes the non-credit component of impairments, as well as all subsequent changes in fair value of such impaired securities reported in AOCI.</link:footnote>
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          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
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        <link:loc
          xlink:href="#Fact_12966162"
          xlink:label="Fact_12966162"
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          xlink:type="arc"/>
        <link:loc
          xlink:href="#Fact_12966164"
          xlink:label="Fact_12966164"
          xlink:type="locator"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966164"
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          xlink:type="arc"/>
        <link:loc
          xlink:href="#Fact_12966166"
          xlink:label="Fact_12966166"
          xlink:type="locator"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966166"
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        <link:loc
          xlink:href="#Fact_12966169"
          xlink:label="Fact_12966169"
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        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966169"
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        <link:loc
          xlink:href="#Fact_12966172"
          xlink:label="Fact_12966172"
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        <link:loc
          xlink:href="#Fact_12966175"
          xlink:label="Fact_12966175"
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          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966175"
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        <link:loc
          xlink:href="#Fact_12966178"
          xlink:label="Fact_12966178"
          xlink:type="locator"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966178"
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          xlink:type="arc"/>
        <link:loc
          xlink:href="#Fact_12966181"
          xlink:label="Fact_12966181"
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        <link:loc
          xlink:href="#Fact_12966184"
          xlink:label="Fact_12966184"
          xlink:type="locator"/>
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          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
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        <link:loc
          xlink:href="#Fact_12966188"
          xlink:label="Fact_12966188"
          xlink:type="locator"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
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        <link:loc
          xlink:href="#Fact_12966191"
          xlink:label="Fact_12966191"
          xlink:type="locator"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
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        <link:loc
          xlink:href="#Fact_12966362"
          xlink:label="Fact_12966362"
          xlink:type="locator"/>
        <link:footnote id="FN_49355" xlink:label="FN_49355" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US">Includes investments insured by MBIA Corp. and National.</link:footnote>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966362"
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        <link:loc
          xlink:href="#Fact_12966363"
          xlink:label="Fact_12966363"
          xlink:type="locator"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966363"
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        <link:loc
          xlink:href="#Fact_12966364"
          xlink:label="Fact_12966364"
          xlink:type="locator"/>
        <link:footnote id="FN_49356" xlink:label="FN_49356" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US">Insurance loss reserve estimates are based on the proportion of par value owned to the total amount of par value insured.</link:footnote>
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          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966364"
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        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966364"
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        <link:loc
          xlink:href="#Fact_12966385"
          xlink:label="Fact_12966385"
          xlink:type="locator"/>
        <link:footnote id="FN_49358" xlink:label="FN_49358" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US">Consists primarily of intercompany reinsurance balances and repurchase agreements.</link:footnote>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966385"
          xlink:to="FN_49358"
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        <link:loc
          xlink:href="#Fact_12966401"
          xlink:label="Fact_12966401"
          xlink:type="locator"/>
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          xlink:from="Fact_12966401"
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        <link:loc
          xlink:href="#Fact_12966410"
          xlink:label="Fact_12966410"
          xlink:type="locator"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966410"
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        <link:loc
          xlink:href="#Fact_12966429"
          xlink:label="Fact_12966429"
          xlink:type="locator"/>
        <link:footnote id="FN_49346" xlink:label="FN_49346" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US">Weighted average represents the total MBIA guarantees as a percentage of total instrument fair value.</link:footnote>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966429"
          xlink:to="FN_49346"
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        <link:loc
          xlink:href="#Fact_12966430"
          xlink:label="Fact_12966430"
          xlink:type="locator"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966430"
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        <link:loc
          xlink:href="#Fact_12966431"
          xlink:label="Fact_12966431"
          xlink:type="locator"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966431"
          xlink:to="FN_49346"
          xlink:type="arc"/>
        <link:loc
          xlink:href="#Fact_12966435"
          xlink:label="Fact_12966435"
          xlink:type="locator"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966435"
          xlink:to="FN_49346"
          xlink:type="arc"/>
        <link:loc
          xlink:href="#Fact_12966436"
          xlink:label="Fact_12966436"
          xlink:type="locator"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966436"
          xlink:to="FN_49346"
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        <link:loc
          xlink:href="#Fact_12966437"
          xlink:label="Fact_12966437"
          xlink:type="locator"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966437"
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          xlink:type="arc"/>
        <link:loc
          xlink:href="#Fact_12966447"
          xlink:label="Fact_12966447"
          xlink:type="locator"/>
        <link:footnote id="FN_49347" xlink:label="FN_49347" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US">Midpoint of cash flows are used for the weighted average.</link:footnote>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966447"
          xlink:to="FN_49347"
          xlink:type="arc"/>
        <link:loc
          xlink:href="#Fact_12966448"
          xlink:label="Fact_12966448"
          xlink:type="locator"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966448"
          xlink:to="FN_49347"
          xlink:type="arc"/>
        <link:loc
          xlink:href="#Fact_12966449"
          xlink:label="Fact_12966449"
          xlink:type="locator"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966449"
          xlink:to="FN_49347"
          xlink:type="arc"/>
        <link:loc
          xlink:href="#Fact_12966450"
          xlink:label="Fact_12966450"
          xlink:type="locator"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966450"
          xlink:to="FN_49347"
          xlink:type="arc"/>
        <link:loc
          xlink:href="#Fact_12966451"
          xlink:label="Fact_12966451"
          xlink:type="locator"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966451"
          xlink:to="FN_49347"
          xlink:type="arc"/>
        <link:loc
          xlink:href="#Fact_12966452"
          xlink:label="Fact_12966452"
          xlink:type="locator"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966452"
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        <link:loc
          xlink:href="#Fact_12966501"
          xlink:label="Fact_12966501"
          xlink:type="locator"/>
        <link:footnote id="FN_49348" xlink:label="FN_49348" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US">Investment that was measured at fair value by applying the net asset value per share practical expedient, and was required not to be classified in the fair value hierarchy.</link:footnote>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966501"
          xlink:to="FN_49348"
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        <link:loc
          xlink:href="#Fact_12966584"
          xlink:label="Fact_12966584"
          xlink:type="locator"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966584"
          xlink:to="FN_49348"
          xlink:type="arc"/>
        <link:loc
          xlink:href="#Fact_12966649"
          xlink:label="Fact_12966649"
          xlink:type="locator"/>
        <link:footnote id="FN_49335" xlink:label="FN_49335" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US">Includes loan repurchase commitments of $506 million and $486 million as of March 31, 2020 and December 31, 2019, respectively.</link:footnote>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966649"
          xlink:to="FN_49335"
          xlink:type="arc"/>
        <link:loc
          xlink:href="#Fact_12966650"
          xlink:label="Fact_12966650"
          xlink:type="locator"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966650"
          xlink:to="FN_49335"
          xlink:type="arc"/>
        <link:loc
          xlink:href="#Fact_12966651"
          xlink:label="Fact_12966651"
          xlink:type="locator"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966651"
          xlink:to="FN_49335"
          xlink:type="arc"/>
        <link:footnote id="FN_49336" xlink:label="FN_49336" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US">Amounts are net of expected recoveries.</link:footnote>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966651"
          xlink:to="FN_49336"
          xlink:type="arc"/>
        <link:loc
          xlink:href="#Fact_12966654"
          xlink:label="Fact_12966654"
          xlink:type="locator"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966654"
          xlink:to="FN_49335"
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        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966654"
          xlink:to="FN_49336"
          xlink:type="arc"/>
        <link:loc
          xlink:href="#Fact_12966655"
          xlink:label="Fact_12966655"
          xlink:type="locator"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966655"
          xlink:to="FN_49336"
          xlink:type="arc"/>
        <link:loc
          xlink:href="#Fact_12966656"
          xlink:label="Fact_12966656"
          xlink:type="locator"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966656"
          xlink:to="FN_49336"
          xlink:type="arc"/>
        <link:loc
          xlink:href="#Fact_12966657"
          xlink:label="Fact_12966657"
          xlink:type="locator"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966657"
          xlink:to="FN_49335"
          xlink:type="arc"/>
        <link:loc
          xlink:href="#Fact_12966658"
          xlink:label="Fact_12966658"
          xlink:type="locator"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966658"
          xlink:to="FN_49335"
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        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966658"
          xlink:to="FN_49336"
          xlink:type="arc"/>
        <link:loc
          xlink:href="#Fact_12966659"
          xlink:label="Fact_12966659"
          xlink:type="locator"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966659"
          xlink:to="FN_49335"
          xlink:type="arc"/>
        <link:loc
          xlink:href="#Fact_12966660"
          xlink:label="Fact_12966660"
          xlink:type="locator"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966660"
          xlink:to="FN_49335"
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        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966660"
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        <link:loc
          xlink:href="#Fact_12966662"
          xlink:label="Fact_12966662"
          xlink:type="locator"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966662"
          xlink:to="FN_49336"
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        <link:loc
          xlink:href="#Fact_12966664"
          xlink:label="Fact_12966664"
          xlink:type="locator"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966664"
          xlink:to="FN_49336"
          xlink:type="arc"/>
        <link:loc
          xlink:href="#Fact_12966666"
          xlink:label="Fact_12966666"
          xlink:type="locator"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966666"
          xlink:to="FN_49336"
          xlink:type="arc"/>
        <link:loc
          xlink:href="#Fact_12966667"
          xlink:label="Fact_12966667"
          xlink:type="locator"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966667"
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        <link:loc
          xlink:href="#Fact_12966683"
          xlink:label="Fact_12966683"
          xlink:type="locator"/>
        <link:footnote id="FN_49338" xlink:label="FN_49338" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US">Includes amounts related to paid claims and LAE that are expected to be recovered in the future.</link:footnote>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966683"
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        <link:loc
          xlink:href="#Fact_12966684"
          xlink:label="Fact_12966684"
          xlink:type="locator"/>
        <link:footnote id="FN_49339" xlink:label="FN_49339" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US">Primarily changes in amount and timing of collections.</link:footnote>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966684"
          xlink:to="FN_49339"
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        <link:loc
          xlink:href="#Fact_12966691"
          xlink:label="Fact_12966691"
          xlink:type="locator"/>
        <link:footnote id="FN_49340" xlink:label="FN_49340" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US">An &#x201c;issue&#x201d; represents the aggregate of financial guarantee policies that share the same revenue source for purposes of making debt service payments on the insured debt.</link:footnote>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966691"
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        <link:loc
          xlink:href="#Fact_12966692"
          xlink:label="Fact_12966692"
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        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966692"
          xlink:to="FN_49340"
          xlink:type="arc"/>
        <link:loc
          xlink:href="#Fact_12966693"
          xlink:label="Fact_12966693"
          xlink:type="locator"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966693"
          xlink:to="FN_49340"
          xlink:type="arc"/>
        <link:loc
          xlink:href="#Fact_12966694"
          xlink:label="Fact_12966694"
          xlink:type="locator"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966694"
          xlink:to="FN_49340"
          xlink:type="arc"/>
        <link:loc
          xlink:href="#Fact_12966695"
          xlink:label="Fact_12966695"
          xlink:type="locator"/>
        <link:footnoteArc
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote"
          xlink:from="Fact_12966695"
          xlink:to="FN_49340"
          xlink:type="arc"/>
        <link:loc
          xlink:href="#Fact_12966696"
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6653102608">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Business Segments (Tables)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
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<tr><th class="th"><div>Mar. 31, 2020</div></th></tr>
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<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="white-space: nowrap; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">U.S.&#160;Public<br/> Finance<br/> Insurance</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Corporate</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">International<br/> and&#160;Structured<br/> Finance<br/> Insurance</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Eliminations</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Consolidated</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Revenues<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(1)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">30&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">6&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">43&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Net gains (losses) on financial instruments at fair value and foreign exchange</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(18)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(56)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">11&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(63)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Revenues of consolidated VIEs</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">14&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">14&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Inter-segment revenues<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(2)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">18&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">4&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(29)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total revenues</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">19&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(32)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">36&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(29)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(6)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Losses and loss adjustment</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">48&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">195&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">243&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Operating</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">14&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">4&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">20&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Interest</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">16&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">31&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">47&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Expenses of consolidated VIEs</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">17&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">17 </div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Inter-segment expenses<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(2)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">14&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">6&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">9&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(29)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total expenses</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">64&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">36&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">256&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(29)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">327&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Income (loss) before income taxes</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(45)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(68)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(220)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(333)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Identifiable assets</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">3,867&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,000&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">4,051&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(2,286)</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"><div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(3)</div>&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">6,632&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="text-align: center;"> <div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> </div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Represents the sum of third-party financial guarantee net premiums earned, net investment income, insurance-related fees and reimbursements and other fees.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(2)&#160;-</td>
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<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(3)&#160;-</td>
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<table border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; border-spacing: 0px; width: 100%; margin-left: auto; margin-right: auto;">
<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:55%;">&#160;</td>
<td style="width:6%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
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<td>&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="18" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Three Months Ended March&#160;31, 2019</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="white-space: nowrap; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">U.S.&#160;Public<br/> Finance<br/> Insurance</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Corporate</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">International<br/> and&#160;Structured<br/> Finance<br/> Insurance</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Eliminations</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Consolidated</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Revenues<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(1)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">38&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">10&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="text-align: right; width: 7%; padding: 0pt 4pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="padding-right: 3pt; margin-bottom: 0pt; margin-top: 0pt;">&#160;</td>
<td style="vertical-align:top;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;<div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">55&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Net change in fair value of insured derivatives</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 6%; height: 16px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 6%; height: 16px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">14&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 7%; padding: 0pt 4pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="padding-right: 3pt; margin-bottom: 0pt; margin-top: 0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">14&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Net gains (losses) on financial instruments at fair value and foreign exchange</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">40&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(18)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 8%; height: 30px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 7%; padding: 0pt 4pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="padding-right: 3pt; margin-bottom: 0pt; margin-top: 0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">22&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Net investment losses related to other-than-temporary impairments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(28)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 6%; height: 30px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 8%; height: 30px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 7%; padding: 0pt 4pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="padding-right: 3pt; margin-bottom: 0pt; margin-top: 0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(28)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other net realized gains (losses)</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1&#160;</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(1)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 7%; padding: 0pt 4pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="padding-right: 3pt; margin-bottom: 0pt; margin-top: 0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Revenues of consolidated VIEs</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(14)</div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 6%; height: 16px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="text-align: right; width: 8%; height: 16px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 7%; padding: 0pt 4pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="padding-right: 3pt; margin-bottom: 0pt; margin-top: 0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(14)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Inter-segment revenues<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(2)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">19&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">3&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(29)</div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 8%; height: 16px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total revenues</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">44&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">28&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(29)</div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">50&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Losses and loss adjustment</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(50)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 6%; height: 16px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">12&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 7%; height: 16px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(38)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Operating</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">22&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">6&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 7%; height: 16px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">30&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Interest</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 6%; height: 16px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">19&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">33&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 7%; height: 16px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">52&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Expenses of consolidated VIEs</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 6%; height: 16px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 5%; height: 16px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">25&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">15&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">6&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">8&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">84&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">69&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
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<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="text-align: right; width: 7%; height: 16px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
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<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
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<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);">&#160;</td>
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<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Commitments and Contingencies<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
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<tr><th class="th"><div>Mar. 31, 2020</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock', window );">Commitments and Contingencies</a></td>
<td class="text"><div id="toc893688_21" style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 13: Commitments and Contingencies </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The following commitments and contingencies provide an update of those discussed in &#8220;Note 19: Commitments and Contingencies&#8221; in the Notes to Consolidated Financial Statements included in the Company&#8217;s Annual Report on Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">10-K</div> for the year ended December&#160;31, 2019, and should be read in conjunction with the complete descriptions provided in the aforementioned Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">10-K. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Litigation </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">MBIA Insurance Corp. v. Credit Suisse Securities (USA) LLC, et al.</div></div>; Index No.&#160;603751/2009 (N.Y. Sup. Ct., N.Y. County)</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On September&#160;13, 2018, the Appellate Division of the Supreme Court, First Judicial Department issued a ruling on the parties&#8217; cross-appeals from the court&#8217;s March&#160;31, 2017 decision and order on the parties&#8217; summary judgment motions. The ruling affirmed the trial court&#8217;s decision, except reversed as to the trial court&#8217;s determination to interpret as a matter of law, prior to trial, certain of the representations and warranties that form the predicate for certain of MBIA Corp.&#8217;s breach of contract claims. Trial of the case concluded on August&#160;2, 2019. Post-trial briefs have been submitted, and the case is under submission. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Tilton v. MBIA Inc., et al.; </div></div>No. <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">7:19-cv-09733-WHP</div> (S.D.N.Y.)</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On November&#160;2, 2015, Lynn Tilton and Patriarch Partners XV, LLC filed a complaint in New York State Supreme Court, Westchester County, against MBIA Inc. and MBIA Corp., alleging fraudulent inducement and related claims arising from purported promises made in connection with insurance policies issued by MBIA Corp. on certain collateralized loan obligations managed by Ms.&#160;Tilton and affiliated Patriarch entities, and seeking damages. Plaintiffs filed an amended complaint on January&#160;15, 2016.&#160;On October&#160;21, 2019, the Company removed the case to the United States District Court for the Southern District. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;">Tilton et al. v. MBIA Inc., et al., Adversary Case No.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">&#160;19-50390</div> (KBO)&#160;(Bankr. Del.) </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On October&#160;1, 2019, Lynn Tilton and certain affiliated entities commenced an adversary proceeding in the Zohar Funds Bankruptcy Cases against MBIA Inc., MBIA Corp. and other Zohar Fund creditors seeking the equitable subordination of those creditors&#8217; claims with respect to the Zohar Funds. Plaintiffs claim they are entitled to relief due to inequitable and unfair conduct by defendants. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Motion of Assured Guaranty Corp., Assured Guaranty Municipal Corp., and National Public Finance Guarantee Corporation for Adequate Protection or, in the Alternative, for Relief from the Automatic Stay</div></div>, Case No.&#160;17 BK <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">3567-LTS </div> (D.P.R. August&#160;23, 2019) (Swain, J.)</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On January&#160;16, 2020, National, Ambac and Assured (&#8220;Movants&#8221;) filed a renewed motion in the PRHTA Title III case for relief from the automatic stay or, in the alternative, adequate protection. The motion seeks leave to file a complaint in Puerto Rico, and argues that the revenues securing the bonds insured by Movants are being improperly diverted away from PRHTA, despite such revenues being the exclusive property of PRHTA and its bondholders. Movants argue that the bonds are secured by two categories of collateral: (i)&#160;Toll Revenues, and (ii)&#160;Excise Taxes collected on behalf of HTA and bondholders by the Commonwealth, which are subject to both perfected security interests. Movants explain that, although PROMESA expressly preserves liens, the Commonwealth improperly diverted HTA&#8217;s pledged revenues and commingled HTA&#8217;s funds with those of the Commonwealth. In addition, the Commonwealth has asserted an outright ownership interest in the Excise Taxes, which Movants argue the Commonwealth is required to hold in trust for HTA and its bondholders. Movants assert that these actions have caused a permanent loss of collateral and threaten Movants&#8217; interest in its remaining collateral. The preliminary lift stay hearing date is currently scheduled for June 4, 2020. </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">The Financial Oversight and Management Board for Puerto Rico, as representative of The Puerto Rico Electric Power Authority, et al.</div></div>, Case No.&#160;17 BK <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">4780-LTS</div> (D.P.R. July&#160;19, 2017) (Swain, J.)</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On July&#160;18, 2017, National, together with other PREPA bondholders, asked the court overseeing PREPA&#8217;s Title III bankruptcy proceeding to lift the automatic bankruptcy stay, and permit bondholders to seek appointment of a receiver to oversee PREPA. On September&#160;14, 2017, the court held that PROMESA barred relief from the stay. The bondholders appealed the decision to the First Circuit. On August&#160;8, 2018, the First Circuit issued an order reversing Judge Swain&#8217;s decision on jurisdictional grounds and remanding the motion. On October&#160;3, 2018, National, together with other monolines filed an updated motion for relief from the automatic stay to allow Movants to exercise their statutory right to have a receiver appointed at PREPA. The Oversight Board filed a motion to dismiss the receiver motion. The motions have been stayed until five business days following the ruling on the PREPA 9019 Settlement Motion. The PREPA 9019 Settlement Motion has been adjourned until further order of the Court. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Definitive Restructuring Support Agreement for PREPA </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On May&#160;3, 2019, PREPA, the Oversight Board, the Puerto Rico Fiscal Agency and Financial Advisory Authority (&#8220;AAFAF&#8221;), the Ad Hoc Group of PREPA bondholders (the &#8220;Ad Hoc Group&#8221;), and Assured Guaranty Corp. and Assured Guaranty Municipal Corp. (&#8220;Assured&#8221;) (together, the &#8220;RSA Parties&#8221;) entered into the RSA. On September&#160;9, 2019 National, Syncora Guarantee Inc. (&#8220;Syncora&#8221;), and the RSA Parties agreed on an amendment to the RSA pursuant to which National and Syncora joined the RSA. The RSA includes the agreement for resolving PREPA&#8217;s restructuring plan issues and arrangements. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Pursuant to the RSA, the Oversight Board filed a Rule 9019 motion with the Title III court in May of 2019 seeking approval of the RSA (the &#8220;Settlement Motion&#8221;). The RSA requires, upon entry of the order approving the Settlement Motion (the &#8220;9019 Order&#8221;), that Movants will withdraw the Receiver Motion, and the Ad Hoc Group will support such withdrawal. As contemplated by the RSA, on July&#160;1, 2019, the Oversight Board and AAFAF also filed an adversary complaint against the Trustee for the PREPA Bonds, challenging the validity of the liens arising under the Trust Agreement that secure insured obligations of National. The adversary proceeding is stayed until the earlier of (a) 60 days after the Court denies the Settlement Motion, (b)&#160;consummation of a Plan, (c) 60 days after the filing by the Oversight Board and AAFAF of a Litigation Notice, or (d)&#160;further order of the Court. The hearing for the Settlement Motion has been adjourned until further order of the Court. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Cortland Capital Market Services LLC, et al. v. The Financial Oversight and Management Board for Puerto Rico et, al.,</div></div> Case No.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">&#160;19-00396</div> (D.P.R. July&#160;9, 2019) (Swain, J.)</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On July&#160;9, 2019, the &#8220;Fuel Line Lenders,&#8221; parties who extended approximately $700&#160;million to PREPA beginning in 2012 to fund fuel purchases, filed an adversary complaint against the Oversight Board, PREPA, AAFAF, and the Trustee for the PREPA Bonds, alleging that they are entitled to be paid in full before National and other bondholders have any lien on or recourse to PREPA&#8217;s assets, including pursuant to the RSA. On September&#160;30, 2019, the Fuel Line Lenders filed an amended complaint which added National, Assured, Syncora, and the Ad Hoc Group as defendants. Defendants moved to dismiss the Fuel Line Lenders&#8217; adversary complaint on November&#160;11, 2019. The Fuel Line Lenders filed their opposition to the motion to dismiss on December&#160;5, 2019. Defendants&#8217; reply in support of the motion to dismiss was filed February&#160;3, 2020. The hearing on the motion to dismiss was adjourned until the Court determines when the 9019 Settlement Motion and related litigation will recommence. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">The Financial Oversight and Management Board for Puerto Rico, as Representative of the Commonwealth of Puerto Rico, et al. v. the Puerto Rico Public Buildings Authority</div></div>, Case No.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">&#160;18-00149</div> (D.P.R. December&#160;21, 2018) (Swain, J.)</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On December&#160;21, 2018, the Oversight Board and the Official Committee of Unsecured Creditors of all Debtors other than COFINA filed an adversary complaint against the Puerto Rico Public Buildings Authority (&#8220;PBA&#8221;), seeking a declaration that leases purportedly entered into by PBA are in fact disguised financing transactions and that PBA therefore has no right under PROMESA or the Bankruptcy Code to receive post-petition payments from the Title III debtors or administrative claims against the debtors. On January&#160;28, 2019, National filed a motion to intervene in the proceeding. On March&#160;12, 2019, the Court granted National&#8217;s intervention motion. On March&#160;19, 2019, National filed an answer to the complaint. On September&#160;27, 2019, the Oversight Board filed a voluntary petition for relief for PBA pursuant to PROMESA, commencing a case under Title III. The complaint has been stayed indefinitely by order of the Court. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">The Financial Oversight and Management Board for Puerto Rico, as Representative of the Commonwealth of Puerto Rico, et al. v. National Public Finance Guarantee Corporation, et al</div></div>., Case No.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">&#160;19-00291</div> (D.P.R. May&#160;2, 2019) (Swain, J.)</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On May&#160;2, 2019, the Oversight Board and the Official Committee of Unsecured Creditors of all Title III Debtors (other than COFINA) (the &#8220;Committee&#8221;) filed lien avoidance adversary complaints against several hundred defendants, including National, challenging the existence, extent, and enforceability of GO bondholders&#8217; liens. After an approximately five-month stay of litigation entered by the Court on July&#160;24, 2019, these adversary proceedings resumed pursuant to an interim schedule entered by the Court in December 2019. On February&#160;5, 2020, National and Assured Guaranty Municipal Corp. filed a motion to dismiss the adversary proceeding. The motion has been stayed indefinitely by order of the Court. </div></div>  <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">National Public Finance Guarantee Corporation et al. v. UBS Financial Services, Inc. et al., </div></div>No. <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">19-422-LTS</div> (D.P.R.), removed from No. SJ2019CV07932 (Superior Court San Juan)</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On August&#160;8, 2019, National and MBIA Corp. filed suit in the Court of First Instance in San Juan, Puerto Rico against UBS Financial Services, Inc., UBS Securities LLC, Citigroup Global Markets Inc., Goldman Sachs&#160;&amp; Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley&#160;&amp; Co. LLC, Merrill Lynch, Fenner&#160;&amp; Smith Inc., RBC Capital Markets LLC, and Santander Securities LLC, bringing two claims under Puerto Rico law: doctrina de actos propios (the doctrine of one&#8217;s own acts) and unilateral declaration of will. These claims concern the insurance by National of bonds issued by the Commonwealth of Puerto Rico and its instrumentalities that were underwritten by these defendants. National alleges that, when the defendants solicited bond insurance, they represented through their acts that they would investigate certain information they provided to National and that they had a reasonable basis to believe that information was true and complete. National further alleges that the defendants did not perform such investigations and that key information was untrue or incomplete. National seeks damages to be proven at trial. On September&#160;9, 2019, Defendants removed National&#8217;s claims to federal court in the District of Puerto Rico. National filed its motion to remand the case on October&#160;9, 2019. The court has not requested a hearing, and the motion is pending. </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Complaint Objecting to Defendants&#8217; Claims and Seeking Related Relief, </div></div>Case No. <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">17-03283-LTS</div> (D.P.R. January&#160;16, 2020) (Swain J.)</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On January&#160;16, 2020, the Oversight Board filed an adversary complaint against National, Ambac, Assured Guaranty, Assured Guaranty Municipal Corp., Financial Guaranty Insurance Company, Peaje Investments LLC and the Bank of New York Mellon as fiscal agent. The Oversight Board challenges the claims and validity of the liens asserted against the Commonwealth by holders of HTA bonds. The complaint contains 201 counts against the bondholder parties objecting to proofs of claim and security interests asserted regarding the Commonwealth&#8217;s retention of certain revenues previously assigned to HTA. This matter is currently stayed but the Court permitted the Oversight Board to file certain limited cross motions on April&#160;28, 2020. </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Complaint Objecting to Defendants&#8217; Claims and Seeking Related Relief, </div></div>Case No. <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">20-00007-LTS</div> (January 16, 2020) (Swain J.)</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On January&#160;16, 2020, the Oversight Board and the Creditors Committee filed an adversary complaint against National and other defendants challenging the claims and validity of the liens asserted against HTA by holders and insurers of HTA bonds. The complaint contains 302 counts challenging the claims and liens asserted against HTA. This matter has been stayed indefinitely by order of the Court. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For those aforementioned actions in which it is a defendant, the Company is defending against those actions and expects ultimately to prevail on the merits. There is no assurance, however, that the Company will prevail in these actions. Adverse rulings in these actions could have a material adverse effect on the Company&#8217;s ability to implement its strategy and on its business, results of operations, cash flows and financial condition. At this stage of the litigation, there has not been a determination as to the amount, if any, of damages. Accordingly, the Company is not able to estimate any amount of loss or range of loss. The Company similarly can provide no assurance that it will be successful in those actions in which it is a plaintiff. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">There are no other material lawsuits pending or, to the knowledge of the Company, threatened, to which the Company or any of its subsidiaries is a party. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Lease Commitments </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company has a lease agreement for its headquarters in Purchase, New York as well as other immaterial leases for offices in New York, New York and San Francisco, California, as well as office equipment. The Purchase, New York initial lease term expires in 2030 with the option to terminate the lease in 2025 upon the payment of a termination amount. This lease agreement included an incentive amount to fund certain leasehold improvements, renewal options, escalation clauses and a free rent period. This lease agreement has been classified as an operating lease, and operating rent expense is recognized on a straight-line basis. The following table provides information about the Company&#8217;s leases as of March&#160;31, 2020: </div></div>
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<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">21 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other&#160;liabilities </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
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<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">31 </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Fair Value of Financial Instruments (Tables)<br></strong></div></th>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
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<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt;"> <div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt;"> <div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;">$</td>
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<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Market prices adjusted for financial guarantees provided to VIE obligations </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;">&#160;</td>
<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-28%&#160;-&#160;161%&#160;(19%)<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(1)</div></div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;">&#160;</td>
<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">506 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Discounted cash flow </div></div> </td>
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<td style="padding: 0px; vertical-align: top; white-space: nowrap; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Recovery rates<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(3)</div> Breach rates<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(3)</div></div></div> </td>
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<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;">&#160;</td> </tr>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: justify; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Liabilities of consolidated VIEs: </div></div> </td>
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<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;">&#160;</td>
<td style="padding: 0px; text-align: justify; vertical-align: top; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
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<td style="padding: 0px; vertical-align: top; white-space: nowrap; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"/> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;">&#160;</td>
<td style="padding: 0px; text-align: justify; vertical-align: top; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;">&#160;</td> </tr>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Variable interest entity notes </div></div> </td>
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<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">281 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Market prices of VIE assets adjusted for financial guarantees provided </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Impact of financial guarantee </div></div> </td>
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<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; text-align: right; vertical-align: top; white-space: nowrap; background-color: rgb(204, 238, 255);"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal; white-space: nowrap;">34%<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">&#160;-</div>&#160;74%&#160;(60%)<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt; white-space: nowrap;;display:inline;">(1)</div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(255, 255, 255);"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">C<div style="letter-spacing: 0px; top: 0px;;display:inline;">redit d<div style="letter-spacing: 0px; top: 0px;;display:inline;">eri<div style="letter-spacing: 0px; top: 0px;;display:inline;">vative liabilit<div style="letter-spacing: 0px; top: 0px;;display:inline;">i</div>es<div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#8211;&#160;</div></div></div></div></div>CMBS </div></div> </td>
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<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt; background-color: rgb(255, 255, 255);"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8 </div></div> </td>
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<td style="vertical-align: top; font-family: Arial; background-color: rgb(255, 255, 255);">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(255, 255, 255);"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Direct Price Model </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(255, 255, 255);"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Nonperformance risk </div></div> </td>
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<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt; background-color: rgb(255, 255, 255);"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">54% - 54% (54%) </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other derivative liabilities </div></div> </td>
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<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">37 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Discounted cash flow </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Cash flows </div></div> </td>
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<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">$0 - $49 ($25)<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(4)</div></div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="text-align: center;"> <div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> </div>
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<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
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<td style="width: 3%; vertical-align: top; white-space: nowrap;">(2)&#160;-</td>
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<td style="width: 3%; vertical-align: top; white-space: nowrap;">(3)&#160;-</td>
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<td style="width: 3%; vertical-align: top; white-space: nowrap;">(4)&#160;-</td>
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<td style="width: 90%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 1%; font-family: Arial; padding: 0px;">&#160;</td>
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<td style="width: 1%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 1%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 1%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td> </tr>
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<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions </div></div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Fair&#160;Value&#160;as&#160;of<br/> December&#160;31,&#160;2019 </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Valuation Techniques </div></div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Unobservable Input </div></div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Range </div></div></div> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(Weighted Average) </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Assets of consolidated VIEs: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
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<td style="vertical-align: bottom; font-size: 10pt;"> <div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt;"> <div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Loans receivable at fair&#160;value </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;">$</td>
<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">136 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Market prices adjusted for financial guarantees provided to VIE obligations </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; vertical-align: top; white-space: nowrap; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Impact of financial guarantee<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(1)</div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;">&#160;</td>
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<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Loan repurchase commitments </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;">&#160;</td>
<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">486 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Discounted cash flow </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; vertical-align: top; white-space: nowrap; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Recovery rates<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(2)</div> Breach rates<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(2)</div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;">&#160;</td>
<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;">&#160;</td> </tr>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: justify; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Liabilities of consolidated VIEs: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;">&#160;</td>
<td style="padding: 0px; text-align: justify; vertical-align: top; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; vertical-align: top; white-space: nowrap; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"/> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;">&#160;</td>
<td style="padding: 0px; text-align: justify; vertical-align: top; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Variable interest entity notes </div></div> </td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">347 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Market prices of VIE assets adjusted for financial guarantees provided </div></div> </td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Impact of financial guarantee </div></div> </td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">37%&#160;-&#160;76%&#160;(61%) </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td> </tr>
<tr style="font-size: 10pt; break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(255, 255, 255);"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">Credit d<div style="letter-spacing: 0px; top: 0px;;display:inline;">e<div style="letter-spacing: 0px; top: 0px;;display:inline;">rivative liabilities &#8211;<div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></div>CMBS </div></div> </td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(255, 255, 255);">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt; background-color: rgb(255, 255, 255);"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7</div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(255, 255, 255);">&#160;</td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(255, 255, 255);">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(255, 255, 255);"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Direct Price Model </div></div> </td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(255, 255, 255);">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(255, 255, 255);"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Nonperformance risk </div></div> </td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(255, 255, 255);">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt; background-color: rgb(255, 255, 255);"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">54%&#160;-&#160;54% (54%) </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(255, 255, 255);">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other derivative liabilities </div></div> </td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">34 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Discounted cash flow </div></div> </td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Cash flows </div></div> </td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
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<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Negative percentage represents financial guarantee policies in a receivable position.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="margin-top: 6pt; margin-bottom: 0px;"/>
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<td style="width: 3%; vertical-align: top; white-space: nowrap;">(2)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Recovery rates include assumptions about legal risk in the enforcement of the Company&#8217;s contract and breach rates represent estimates of the percentage of ineligible loans.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="margin-top: 6pt; margin-bottom: 0px;"/>
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<td style="width: 3%; vertical-align: top; white-space: nowrap;">(3)&#160;-</td>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock', window );">Company's Assets And Liabilities Measured At Fair Value On Recurring Basis</a></td>
<td class="text"><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following tables present the fair value of the Company&#8217;s assets (including short-term investments) and liabilities measured and reported at fair value on a recurring basis as of March&#160;31, 2020 and December&#160;31, 2019: </div></div>
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<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="14" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair Value Measurements at Reporting Date Using</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Quoted&#160;Prices&#160;in<br/> Active Markets<br/> for Identical<br/> Assets (Level 1)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Significant<br/> Other<br/> Observable<br/> Inputs<br/> (Level 2)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Significant<br/> Unobservable<br/> Inputs (Level<br/> 3)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Counterparty<br/> and Cash<br/> Collateral<br/> Netting</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Balance&#160;as&#160;of<br/> March&#160;31,<br/> 2020</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Assets:</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Fixed-maturity investments:</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">U.S. Treasury and government agency</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">763</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">105</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">868</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">State and municipal bonds</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">192</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">192</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Foreign governments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">11</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">11</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Corporate obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,234</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,234</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Mortgage-backed securities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Residential mortgage-backed agency</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">283</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">283</div> </td>
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<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Residential mortgage-backed <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-agency </div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">22</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">22</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Commercial mortgage-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">21</div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">21</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Asset-backed securities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Collateralized debt obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">114</div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">114</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other asset-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">279</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">280</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 7em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total fixed-maturity investments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">763</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2,261</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">3,025</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Money market securities</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">35</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">35</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Perpetual debt and equity securities</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">27</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">21</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">48</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Fixed-income fund</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">45</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"><div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(1)</div>&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Cash and cash equivalents</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">212</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">212</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Derivative assets:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Non-insured</div> derivative assets:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 5em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Interest rate derivatives</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div>
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<tr style="visibility:hidden;line-height:0pt;color:white;">
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<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
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<td style="padding-bottom: 0.5pt;">&#160;</td>
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<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
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<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
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<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Assets of consolidated VIEs:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Corporate obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">8</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">8</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Mortgage-backed securities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Residential mortgage-backed <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-agency </div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">38</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">38</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Commercial mortgage-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">15</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">15</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Asset-backed securities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Collateralized debt obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other asset-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Cash</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">5</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">5</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Loans receivable at fair value:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Residential loans receivable</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">98</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">98</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Loan repurchase commitments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">506</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">506</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other assets:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Currency derivatives</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">18</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">18</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">15</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">15</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:11pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total assets</div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,042</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2,358</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">638</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">4,083</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Liabilities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:11pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Medium-term notes</div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">98</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">98</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Derivative liabilities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Insured derivatives:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Credit derivatives</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">8</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">10</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Non-insured</div> derivatives:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Interest rate derivatives</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">190</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(31</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">159</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">37</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">37</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Liabilities of consolidated VIEs:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Variable interest entity notes</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">50</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">281</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">331</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:11pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total liabilities</div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">242</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">424</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(31</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">635</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="text-align: center;"> <div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> </div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Investment that was measured at fair value by applying the net asset value per share practical expedient, and was required not to be classified in the fair value hierarchy.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div>
<table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-left:auto;margin-right:auto">
<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:56%;">&#160;</td>
<td style="width:8%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:8%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:8%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:8%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="11" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair&#160;Value&#160;Measurements&#160;at&#160;Reporting&#160;Date&#160;Using</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Quoted&#160;Prices&#160;in</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Significant</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Active Markets</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Other</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Significant</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">for Identical</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Observable</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unobservable</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Balance as of</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Assets</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Inputs</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Inputs</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">December&#160;31,</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="white-space: nowrap; vertical-align: bottom; text-align: left; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: inline-block; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">(Level 1)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">(Level 2)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">(Level 3)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">2019</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Assets:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Fixed-maturity investments:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">U.S. Treasury and government agency</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">791</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">97</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">888</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">State and municipal bonds</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">200</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">200</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Foreign governments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">10</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">10</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Corporate obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,266</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,266</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Mortgage-backed securities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Residential mortgage-backed agency</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">330</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">330</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Residential mortgage-backed <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-agency </div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">19</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">19</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Commercial mortgage-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">22</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">22</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Asset-backed securities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Collateralized debt obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">140</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">140</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other asset-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">326</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">327</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 5em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total fixed-maturity investments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">791</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2,410</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">3,202</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Money market securities</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">154</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">154</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Perpetual debt and equity securities</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">30</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">25</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">55</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Fixed-income fund</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">51</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"><div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(1)</div>&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Cash and cash equivalents</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">75</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">75</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Derivative assets:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Non-insured</div> derivative assets:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Interest rate derivatives</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="11" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair&#160;Value&#160;Measurements&#160;at&#160;Reporting&#160;Date&#160;Using</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
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<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Quoted&#160;Prices&#160;in<br/> Active Markets<br/> for Identical<br/> Assets (Level 1)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Significant<br/> Other<br/> Observable<br/> Inputs<br/> (Level 2)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Significant<br/> Unobservable<br/> Inputs (Level<br/> 3)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Balance as of<br/> December&#160;31,<br/> 2019</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Assets of consolidated VIEs:</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Corporate obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">8</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">8</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Mortgage-backed securities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Residential mortgage-backed <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-agency </div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">45</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">45</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Commercial mortgage-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">16</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">16</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Asset-backed securities:</div> </td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Collateralized debt obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">6</div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">6</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other asset-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">8</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">8</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Cash</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">8</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">8</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Loans receivable at fair value:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Residential loans receivable</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">136</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">136</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Loan repurchase commitments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">486</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">486</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other assets:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 5em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Currency derivatives</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">8</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">8</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 5em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">18</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">18</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:11pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total assets</div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,058</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2,519</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">649</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">4,277</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Liabilities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:11pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Medium-term notes</div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">108</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">108</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Derivative liabilities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Insured derivatives:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Credit derivatives</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">9</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Non-insured</div> derivatives:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Interest rate derivatives</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">132</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">132</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">34</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">34</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other liabilities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other payable</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">4</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">4</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Liabilities of consolidated VIEs:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Variable interest entity notes</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">56</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">347</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">403</div> </td>
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<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:11pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total liabilities</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">190</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">500</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">690</div> </td>
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<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="text-align: center;"> <div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> </div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">- Investment that was measured at fair value by applying the net asset value per share practical expedient, and was required not to be classified in the fair value hierarchy.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Level&#160;3 assets at fair value as of March&#160;31, 2020 and December&#160;31, 2019 represented approximately 16% and 15%, respectively, of total assets measured at fair value. Level&#160;3 liabilities at fair value as of March&#160;31, 2020 and December&#160;31, 2019 represented approximately 67% and 72%, respectively, of total liabilities measured at fair value. </div></div> <span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOffBalanceSheetRisksTextBlock', window );">Fair Value Hierarchy Table Presents The Company's Assets And Liabilities Not Recorded At Fair Value On The Company's Consolidated Balance Sheet</a></td>
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<td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="10" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Fair&#160;Value&#160;Measurements&#160;at&#160;Reporting&#160;Date&#160;Using </div></div></div> </td>
<td style="padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td style="padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
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<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions </div></div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
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<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
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<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
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<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Fair&#160;Value<br/> Balance&#160;as&#160;of<br/> March&#160;31,<br/> 2020 </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Carry&#160;Value<br/> Balance&#160;as&#160;of<br/> March&#160;31,<br/> 2020 </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Assets: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Assets of consolidated VIEs: </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
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<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;">Investments <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">held-to-maturity </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">572 </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">572 </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">529 </div></div> </td>
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<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total assets </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">572 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">572 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">529 </div></div> </td>
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<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
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<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
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<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
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<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Liabilities: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Long-term debt </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">856 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">856 </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,261 </div></div> </td>
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<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Medium-term notes </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">377 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">377 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">563 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investment agreements </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">415 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">415 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">295 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Liabilities of consolidated VIEs: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Variable interest entity notes </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">261 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">570 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">831 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">829 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total liabilities </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,117 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,362 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,479 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,948 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financial Guarantees: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Gross liability (recoverable) </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
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<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="10" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Fair&#160;Value&#160;Measurements&#160;at&#160;Reporting&#160;Date&#160;Using</div></div></div> </td>
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<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
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<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions </div></div></div> </td>
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<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Quoted&#160;Prices&#160;in<br/> Active&#160;Markets&#160;for<br/> Identical Assets<br/> (Level 1) </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Significant<br/> Other&#160;Observable<br/> Inputs (Level 2) </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Significant<br/> Unobservable<br/> Inputs (Level<br/> 3) </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Fair Value<br/> Balance as of<br/> December&#160;31,<br/> 2019 </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Carry Value<br/> Balance as of<br/> December&#160;31,<br/> 2019 </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Assets: </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
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<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Assets of consolidated VIEs: </div></div> </td>
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<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;">Investments <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">held-to-maturity </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">892 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">892 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">890 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total assets </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">892 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">892 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">890 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Liabilities: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Long-term debt </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,073 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,073 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,228 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Medium-term notes </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">396 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">396 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">570 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investment agreements </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">394 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">394 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">304 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Liabilities of consolidated VIEs: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Variable interest entity notes </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">261 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">892 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,153 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,136 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total liabilities </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,334 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,682 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,016 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,238 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financial Guarantees: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Gross liability (recoverable) </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">556 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">556 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(311</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Ceded </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">56 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">56 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">24 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div><span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock', window );">Changes In Level 3 Assets Measured At Fair Value On A Recurring Basis</a></td>
<td class="text"><div style="text-align: center; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 12pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Changes in Level&#160;3 Assets and Liabilities Measured at Fair Value on a Recurring Basis for the Three Months Ended March&#160;31, 2020 </div></div></div>
<table border="0" cellpadding="0" cellspacing="0" style="font-size:8pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
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<td style="white-space: nowrap; vertical-align: bottom; text-align: left; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: inline-block; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Balance,<br/> Beginning<br/> of Period</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Total<br/> Gains /<br/> (Losses)<br/> Included<br/> in<br/> Earnings</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unrealized<br/> Gains /<br/> (Losses)<br/> Included<br/> in OCI<div style="font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;">(1)</div></div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Purchases</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Issuances</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Settlements</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Sales</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Transfers<br/> into<br/> Level&#160;3</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Transfers<br/> out of<br/> Level&#160;3</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Ending<br/> Balance</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Change in<br/> Unrealized<br/> Gains<br/> (Losses)&#160;for<br/> the Period<br/> Included in<br/> Earnings<br/> for Assets<br/> still held as<br/> of<br/> March&#160;31,<br/> 2020</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Change in<br/> Unrealized<br/> Gains<br/> (Losses)&#160;for<br/> the Period<br/> Included in<br/> OCI for<br/> Assets still<br/> held as of<br/> March&#160;31,<br/> 2020<div style="font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;">(1)</div></div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Assets:</div> </td>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other asset-backed</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Assets of consolidated VIEs:</div> </td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Loans receivable- residential</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">136</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(35</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(3</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">98</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(35</div> </td>
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<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Loan repurchase commitments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">486</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">20</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">506</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">20</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Currency derivatives</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">8</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">10</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">18</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">10</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">18</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(3</div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">15</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(3</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total assets</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">649</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(8</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(3</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">638</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(8</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
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<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="text-align: center; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Changes in Level&#160;3 Assets and Liabilities Measured at Fair Value on a Recurring Basis for the Three Months Ended March&#160;31, 2019 </div></div></div>
<table border="0" cellpadding="0" cellspacing="0" style="font-size:8pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
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<td style="white-space: nowrap; vertical-align: bottom; text-align: left; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: inline-block; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Balance,<br/> Beginning<br/> of Period</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Total<br/> Gains /<br/> (Losses)<br/> Included<br/> in<br/> Earnings</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unrealized<br/> Gains /<br/> (Losses)<br/> Included<br/> in OCI</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Purchases</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Issuances</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
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<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Settlements</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Sales</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Transfers<br/> into<br/> Level&#160;3<div style="font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;">(1)</div></div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Transfers<br/> out of<br/> Level&#160;3<div style="font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;">(1)</div></div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Ending<br/> Balance</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Change in<br/> Unrealized<br/> Gains<br/> (Losses)&#160;for<br/> the Period<br/> Included in<br/> Earnings&#160;for<br/> Assets still<br/> held as of<br/> March&#160;31,<br/> 2019</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Assets:</div> </td>
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<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Commercial mortgage-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Assets of consolidated VIEs:</div> </td>
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<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Corporate obligations</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">5</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">5</div> </td>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Collateralized debt obligations</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">172</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">42</div> </td>
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<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total assets</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">637</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">42</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(10</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">669</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">42</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock', window );">Changes In Level 3 Liabilities Measured At Fair Value On A Recurring Basis</a></td>
<td class="text">
<table border="0" cellpadding="0" cellspacing="0" style="font-size:8pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:59%;">&#160;</td>
<td style="width:1%;">&#160;</td>
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<td>&#160;</td>
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<td style="width:1%;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:6pt;">
<td style="white-space: nowrap; vertical-align: bottom; text-align: left; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: inline-block; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Balance,<br/> Beginning<br/> of Period</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Total<br/> (Gains) /<br/> Losses<br/> Included<br/> in<br/> Earnings</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unrealized<br/> (Gains) /<br/> Losses<br/> Included<br/> in in OCI<div style="font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;">(2)</div></div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Purchases</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Issuances</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Settlements</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Sales</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Transfers<br/> into<br/> Level&#160;3</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Transfers<br/> out of<br/> Level&#160;3</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Ending<br/> Balance</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Change in<br/> Unrealized<br/> (Gains)<br/> Losses for<br/> the Period<br/> Included&#160;in<br/> Earnings&#160;for<br/> Liabilities<br/> still held as<br/> of March&#160;31,<br/> 2020</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Change in<br/> Unrealized<br/> (Gains)<br/> Losses for<br/> the Period<br/> Included&#160;in<br/> OCI for<br/> Liabilities<br/> still held<br/> as of<br/> March&#160;31,<br/> 2020<div style="font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;">(2)</div></div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Liabilities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Medium-term notes</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">108</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">98</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Credit derivatives</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">8</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">3</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">3</div> </td>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other payable</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">4</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(4</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Liabilities of consolidated VIEs:</div> </td>
<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">VIE notes</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">347</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(25</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(36</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(5</div> </td>
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<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">281</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(28</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(34</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
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<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
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<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
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<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
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<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
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<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total liabilities</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">500</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(19</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(48</div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(9</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">424</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(22</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(46</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
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<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
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<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
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<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
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<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="text-align: center;"> <div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> </div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Reported within the &#8220;Unrealized gains (losses) on <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">available-for-sale</div> securities&#8221; on MBIA&#8217;s Consolidated Statement of Comprehensive Income/Loss.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="margin-top: 6pt; margin-bottom: 0px;"/>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(2)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Reported within the &#8220;Instrument-specific credit risk of liabilities measured at fair value&#8221; on MBIA&#8217;s Consolidated Statement of Comprehensive Income/Loss.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div>
<table border="0" cellpadding="0" cellspacing="0" style="font-size:8pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:63%;">&#160;</td>
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<td style="width:1%;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:6pt;">
<td style="white-space: nowrap; vertical-align: bottom; text-align: left; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: inline-block; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Balance,<br/> Beginning<br/> of Period</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Total<br/> (Gains) /<br/> Losses<br/> Included<br/> in<br/> Earnings</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unrealized<br/> (Gains) /<br/> Losses<br/> Included<br/> in OCI</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Purchases</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Issuances</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Settlements</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Sales</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Transfers<br/> into<br/> Level&#160;3<div style="font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;">(1)</div></div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Transfers<br/> out of<br/> Level&#160;3<div style="font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;">(1)</div></div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Ending<br/> Balance</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Change in<br/> Unrealized<br/> (Gains)<br/> Losses for<br/> the Period<br/> Included&#160;in<br/> Earnings&#160;for<br/> Liabilities<br/> still held as<br/> of March&#160;31,<br/> 2019</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Liabilities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Medium-term notes</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Credit derivatives</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(3</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">3</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Liabilities of consolidated VIEs:</div> </td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">VIE notes</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">366</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">41</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(7</div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">5</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(8</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">397</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">32</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
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<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
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<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
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<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total liabilities</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">513</div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">36</div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(11</div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">5</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(11</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">532</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">26</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
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<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">- Transferred in and out at the end of the period.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock', window );">Gains And Losses (Realized And Unrealized) Included In Earnings Pertaining To Level 3 Assets And Liabilities</a></td>
<td class="text">
<table border="0" cellpadding="0" cellspacing="0" style="font-size:8pt;border-collapse:separate;border-spacing:0;width:92%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
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<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="6" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Three&#160;Months&#160;Ended&#160;March&#160;31,&#160;2020</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
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<td colspan="6" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Three&#160;Months&#160;Ended&#160;March&#160;31,&#160;2019</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
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<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Change in</div></div> </td>
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<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Change in</div></div> </td>
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<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
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<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unrealized</div></div> </td>
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<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unrealized</div></div> </td>
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<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
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<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Gains (Losses)</div></div> </td>
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<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
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<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Period Included</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
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<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Period Included</div></div> </td>
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<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">in Earnings</div></div> </td>
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<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">in Earnings</div></div> </td>
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<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">for Assets</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">for Assets</div></div> </td>
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<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">and</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">and</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Total Gains</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Liabilities still</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Total Gains</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Liabilities still</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">(Losses)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">held as of</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">(Losses)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">held as of</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Included</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">March&#160;31,</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Included</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">March&#160;31,</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">in Earnings</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">2020</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">in Earnings</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">2019</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Revenues:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Unrealized gains (losses) on insured derivatives</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(1</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(1</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">14</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">14</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Net gains (losses) on financial instruments at fair value and foreign exchange</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(5</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(5</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(7</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(7</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other net realized gains (losses)</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(1</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(1</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Revenues of consolidated VIEs:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Net gains (losses) on financial instruments at fair value and foreign exchange</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">17</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">20</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">10</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">11</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">14</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">16</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOptionQuantitativeDisclosuresTextBlock', window );">Changes In Fair Value Included In The Company's Consolidated Statements Of Operations</a></td>
<td class="text">
<table border="0" cellpadding="0" cellspacing="0" style="margin: 12pt auto 0px; width: 92%; font-size: 10pt; border-collapse: separate; border-spacing: 0;">
<tr style="color: white; line-height: 0pt; visibility: hidden;">
<td style="width: 88%; font-family: Arial; padding: 0px;"/>
<td style="width: 3%; font-family: Arial; padding: 0px;"/>
<td style="font-family: Arial; padding: 0px;"/>
<td style="white-space: nowrap; font-family: Arial;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td style="font-family: Arial; padding: 0px;"/>
<td style="width: 3%; font-family: Arial; padding: 0px;"/>
<td style="font-family: Arial; padding: 0px;"/>
<td style="white-space: nowrap; font-family: Arial;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td style="font-family: Arial; padding: 0px;"/> </tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Three&#160;Months&#160;Ended&#160;March&#160;31, </div></div></div> </td>
<td style="padding-bottom: 0.5pt; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions </div></div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2020 </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2019 </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments carried at fair value<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(1)</div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(20</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Fixed-maturity securities held at fair value-VIE<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(2)</div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(6</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">26 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Loans receivable at fair value: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Residential mortgage loans<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(2)</div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(35</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">34 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Loan repurchase commitments<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(2)</div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;">Other <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">assets-VIE</div><div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(2)</div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Medium-term notes<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(1)</div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(7</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other liabilities<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(3)</div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Variable interest entity notes<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(2)</div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">27 </div></div> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">84 </div></div> </td>
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<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Reported within &#8220;Net gains (losses) of financial instruments at fair value and foreign exchange&#8221; on MBIA&#8217;s consolidated statements of operations.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/>
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<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(2)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Reported within &#8220;Net gains (losses) of financial instruments at fair value and foreign <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">exchange-VIE&#8221;</div> on MBIA&#8217;s consolidated statements of operations.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/>
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<td style="width: 3%; vertical-align: top; white-space: nowrap;">(3)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Reported within &#8220;Other net realized gains (losses)&#8221; on MBIA&#8217;s consolidated statements of operations.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div><span></span>
</td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_DifferenceBetweenAggregateFairValueAndAggregateRemainingContractualPrincipalForLoansAndLongTermDebtForWhichFairValueOptionHasBeenElectedTableTextBlock', window );">Difference Between Aggregate Fair Value And The Aggregate Remaining Contractual Principal Balance Outstanding</a></td>
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<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="11" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">As of March&#160;31, 2020</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="11" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">As of December&#160;31, 2019</div></div> </td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Contractual</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Contractual</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Outstanding</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Outstanding</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Principal</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Value</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Difference</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Principal</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Value</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Difference</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Loans receivable at fair value:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Residential mortgage loans</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">96</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">87</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">9</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">107</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">107</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Residential mortgage loans (90 days or more past due)</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">123</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">11</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">112</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">154</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">29</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">125</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total loans receivable and other instruments at fair value</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">219</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">98</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">121</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">261</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">136</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">125</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Variable interest entity notes</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,097</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">331</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">766</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,126</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">403</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">723</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Medium-term notes</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">110</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">98</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">12</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">112</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">108</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">4</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Difference Between The Aggregate Fair Value And The Aggregate Remaining Contractual Principal Balance Outstanding For Loans And Long Term Debt For Which Fair Value Option Has Been Elected [Text Block]</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (bbb)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of information about asset and liability measured at fair value under fair value option.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 31<br> -URI http://asc.fasb.org/extlink&amp;oid=75031198&amp;loc=d3e14210-108612<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 30<br> -URI http://asc.fasb.org/extlink&amp;oid=75031198&amp;loc=d3e14172-108612<br><br>Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 32<br> -URI http://asc.fasb.org/extlink&amp;oid=75031198&amp;loc=d3e14217-108612<br><br>Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=75031198&amp;loc=d3e14064-108612<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined) which are not recognized in the financial statements (off-balance sheet) because they fail to meet some other criterion for recognition.</p></div>
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6882913280">
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<th class="tl" colspan="2" rowspan="1"><div style="width: 200px;"><strong>Fair Value Of Financial Instruments (Company's Assets And Liabilities Measured At Fair Value On Recurring Basis) (Detail) - Fair Value Measurements Recurring [Member] - USD ($)<br> $ in Millions</strong></div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="nump">$ 4,277<span></span>
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<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">635<span></span>
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<td class="nump">690<span></span>
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<td class="num">(31)<span></span>
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<td class="text">&#160;<span></span>
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<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
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<td class="nump">35<span></span>
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<td class="nump">154<span></span>
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<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosure', window );">Fair value financial liabilities measured on recurring basis</a></td>
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<td class="nump">98<span></span>
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<td class="nump">108<span></span>
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<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
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<td class="nump">48<span></span>
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<td class="nump">55<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">212<span></span>
</td>
<td class="nump">75<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InvestmentNotesAxis=us-gaap_FixedIncomeFundsMember', window );">Fixed Income Funds [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">45<span></span>
</td>
<td class="nump">51<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">3,025<span></span>
</td>
<td class="nump">3,202<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | U S Treasury And Government [Member] | Other Fixed Maturity Investments [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">868<span></span>
</td>
<td class="nump">888<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | State and municipal bonds [Member] | Other Fixed Maturity Investments [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">192<span></span>
</td>
<td class="nump">200<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | Foreign Government Debt [Member] | Other Fixed Maturity Investments [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">11<span></span>
</td>
<td class="nump">10<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | Corporate Obligations [Member] | Other Fixed Maturity Investments [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,234<span></span>
</td>
<td class="nump">1,266<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | Residential Mortgage Backed Agency [Member] | Mortgage-backed [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">283<span></span>
</td>
<td class="nump">330<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | Residential Mortgage Backed Non Agency [Member] | Mortgage-backed [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">22<span></span>
</td>
<td class="nump">19<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | Commercial Mortgage Backed Securities [Member] | Mortgage-backed [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">21<span></span>
</td>
<td class="nump">22<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | Collateralized Debt Obligations [Member] | Asset-backed [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">114<span></span>
</td>
<td class="nump">140<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=us-gaap_FixedMaturitiesMember', window );">Fixed Maturities [Member] | Other Asset Backed [Member] | Asset-backed [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">280<span></span>
</td>
<td class="nump">327<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=mbi_DerivativeAssetsMember', window );">Derivative Assets [Member] | Interest Rate Derivatives [Member] | Non-Insured Derivatives [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1<span></span>
</td>
<td class="nump">1<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=mbi_AssetsOfConsolidatedViesMember', window );">Assets Of Consolidated V I Es [Member] | Variable Interest Entity, Primary Beneficiary [Member] | Loan Repurchase Commitments [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">506<span></span>
</td>
<td class="nump">486<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=mbi_AssetsOfConsolidatedViesMember', window );">Assets Of Consolidated V I Es [Member] | Corporate Obligations [Member] | Variable Interest Entity, Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">8<span></span>
</td>
<td class="nump">8<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=mbi_AssetsOfConsolidatedViesMember', window );">Assets Of Consolidated V I Es [Member] | Residential Mortgage Backed Non Agency [Member] | Mortgage-backed [Member] | Variable Interest Entity, Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">38<span></span>
</td>
<td class="nump">45<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=mbi_AssetsOfConsolidatedViesMember', window );">Assets Of Consolidated V I Es [Member] | Commercial Mortgage Backed Securities [Member] | Mortgage-backed [Member] | Variable Interest Entity, Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">15<span></span>
</td>
<td class="nump">16<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=mbi_AssetsOfConsolidatedViesMember', window );">Assets Of Consolidated V I Es [Member] | Collateralized Debt Obligations [Member] | Asset-backed [Member] | Variable Interest Entity, Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">7<span></span>
</td>
<td class="nump">6<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=mbi_AssetsOfConsolidatedViesMember', window );">Assets Of Consolidated V I Es [Member] | Other Asset Backed [Member] | Asset-backed [Member] | Variable Interest Entity, Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">7<span></span>
</td>
<td class="nump">8<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=mbi_AssetsOfConsolidatedViesMember', window );">Assets Of Consolidated V I Es [Member] | Loans Receivable and other Instruments At Fair Value [Member] | Variable Interest Entity, Primary Beneficiary [Member] | Residential Loans Receivable [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">98<span></span>
</td>
<td class="nump">136<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=mbi_AssetsOfConsolidatedViesMember', window );">Assets Of Consolidated V I Es [Member] | Currency Derivatives [Member] | Variable Interest Entity, Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">18<span></span>
</td>
<td class="nump">8<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=mbi_AssetsOfConsolidatedViesMember', window );">Assets Of Consolidated V I Es [Member] | Cash and Cash Equivalents [Member] | Variable Interest Entity, Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">5<span></span>
</td>
<td class="nump">8<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=mbi_AssetsOfConsolidatedViesMember', window );">Assets Of Consolidated V I Es [Member] | Other [Member] | Variable Interest Entity, Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">15<span></span>
</td>
<td class="nump">18<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=mbi_DerivativeLiabilitiesMember', window );">Derivative Liabilities [Member] | Credit Derivatives [Member] | Insured Derivatives [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosure', window );">Fair value financial liabilities measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">10<span></span>
</td>
<td class="nump">9<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=mbi_DerivativeLiabilitiesMember', window );">Derivative Liabilities [Member] | Interest Rate Derivatives [Member] | Non-Insured Derivatives [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosure', window );">Fair value financial liabilities measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">159<span></span>
</td>
<td class="nump">132<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilityFairValueGrossAssetAndRightToReclaimCashOffset', window );">Counterparty and cash collateral netting</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(31)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=mbi_DerivativeLiabilitiesMember', window );">Derivative Liabilities [Member] | Other Derivatives [Member] | Non-Insured Derivatives [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosure', window );">Fair value financial liabilities measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">37<span></span>
</td>
<td class="nump">34<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=us-gaap_OtherLiabilitiesMember', window );">Other Liabilities [Member] | Other Payable [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosure', window );">Fair value financial liabilities measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=mbi_LiabilitiesOfConsolidatedViesMember', window );">Liabilities Of Consolidated Vies [Member] | Variable Interest Entity Notes [Member] | Variable Interest Entity, Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosure', window );">Fair value financial liabilities measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">331<span></span>
</td>
<td class="nump">403<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Fair Value Inputs Level 1 [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,042<span></span>
</td>
<td class="nump">1,058<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosure', window );">Fair value financial liabilities measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Fair Value Inputs Level 1 [Member] | Money Market Securities [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">35<span></span>
</td>
<td class="nump">154<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Fair Value Inputs Level 1 [Member] | Medium-term Notes [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosure', window );">Fair value financial liabilities measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Fair Value Inputs Level 1 [Member] | Perpetual Debt And Equity Securities [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">27<span></span>
</td>
<td class="nump">30<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Fair Value Inputs Level 1 [Member] | Cash and Cash Equivalents [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">212<span></span>
</td>
<td class="nump">75<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Fair Value Inputs Level 1 [Member] | Fixed Income Funds [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Fair Value Inputs Level 1 [Member] | Fixed Maturities [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">763<span></span>
</td>
<td class="nump">791<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Fair Value Inputs Level 1 [Member] | Fixed Maturities [Member] | U S Treasury And Government [Member] | Other Fixed Maturity Investments [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">763<span></span>
</td>
<td class="nump">791<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Fair Value Inputs Level 1 [Member] | Fixed Maturities [Member] | State and municipal bonds [Member] | Other Fixed Maturity Investments [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Fair Value Inputs Level 1 [Member] | Fixed Maturities [Member] | Foreign Government Debt [Member] | Other Fixed Maturity Investments [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Fair Value Inputs Level 1 [Member] | Fixed Maturities [Member] | Corporate Obligations [Member] | Other Fixed Maturity Investments [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Fair Value Inputs Level 1 [Member] | Fixed Maturities [Member] | Residential Mortgage Backed Agency [Member] | Mortgage-backed [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Fair Value Inputs Level 1 [Member] | Fixed Maturities [Member] | Residential Mortgage Backed Non Agency [Member] | Mortgage-backed [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Fair Value Inputs Level 1 [Member] | Fixed Maturities [Member] | Commercial Mortgage Backed Securities [Member] | Mortgage-backed [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Fair Value Inputs Level 1 [Member] | Fixed Maturities [Member] | Collateralized Debt Obligations [Member] | Asset-backed [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Fair Value Inputs Level 1 [Member] | Fixed Maturities [Member] | Other Asset Backed [Member] | Asset-backed [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Fair Value Inputs Level 1 [Member] | Derivative Assets [Member] | Interest Rate Derivatives [Member] | Non-Insured Derivatives [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Fair Value Inputs Level 1 [Member] | Assets Of Consolidated V I Es [Member] | Variable Interest Entity, Primary Beneficiary [Member] | Loan Repurchase Commitments [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Fair Value Inputs Level 1 [Member] | Assets Of Consolidated V I Es [Member] | Corporate Obligations [Member] | Variable Interest Entity, Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Fair Value Inputs Level 1 [Member] | Assets Of Consolidated V I Es [Member] | Residential Mortgage Backed Non Agency [Member] | Mortgage-backed [Member] | Variable Interest Entity, Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Fair Value Inputs Level 1 [Member] | Assets Of Consolidated V I Es [Member] | Commercial Mortgage Backed Securities [Member] | Mortgage-backed [Member] | Variable Interest Entity, Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Fair Value Inputs Level 1 [Member] | Assets Of Consolidated V I Es [Member] | Collateralized Debt Obligations [Member] | Asset-backed [Member] | Variable Interest Entity, Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Fair Value Inputs Level 1 [Member] | Assets Of Consolidated V I Es [Member] | Other Asset Backed [Member] | Asset-backed [Member] | Variable Interest Entity, Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Fair Value Inputs Level 1 [Member] | Assets Of Consolidated V I Es [Member] | Loans Receivable and other Instruments At Fair Value [Member] | Variable Interest Entity, Primary Beneficiary [Member] | Residential Loans Receivable [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Fair Value Inputs Level 1 [Member] | Assets Of Consolidated V I Es [Member] | Currency Derivatives [Member] | Variable Interest Entity, Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Fair Value Inputs Level 1 [Member] | Assets Of Consolidated V I Es [Member] | Cash and Cash Equivalents [Member] | Variable Interest Entity, Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">5<span></span>
</td>
<td class="nump">8<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Fair Value Inputs Level 1 [Member] | Assets Of Consolidated V I Es [Member] | Other [Member] | Variable Interest Entity, Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Fair Value Inputs Level 1 [Member] | Derivative Liabilities [Member] | Credit Derivatives [Member] | Insured Derivatives [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosure', window );">Fair value financial liabilities measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Fair Value Inputs Level 1 [Member] | Derivative Liabilities [Member] | Interest Rate Derivatives [Member] | Non-Insured Derivatives [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosure', window );">Fair value financial liabilities measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Fair Value Inputs Level 1 [Member] | Derivative Liabilities [Member] | Other Derivatives [Member] | Non-Insured Derivatives [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosure', window );">Fair value financial liabilities measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Fair Value Inputs Level 1 [Member] | Other Liabilities [Member] | Other Payable [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosure', window );">Fair value financial liabilities measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Fair Value Inputs Level 1 [Member] | Liabilities Of Consolidated Vies [Member] | Variable Interest Entity Notes [Member] | Variable Interest Entity, Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosure', window );">Fair value financial liabilities measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,358<span></span>
</td>
<td class="nump">2,519<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosure', window );">Fair value financial liabilities measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">242<span></span>
</td>
<td class="nump">190<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Money Market Securities [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Medium-term Notes [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosure', window );">Fair value financial liabilities measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Perpetual Debt And Equity Securities [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">21<span></span>
</td>
<td class="nump">25<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Cash and Cash Equivalents [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Fixed Income Funds [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Fixed Maturities [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,261<span></span>
</td>
<td class="nump">2,410<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Fixed Maturities [Member] | U S Treasury And Government [Member] | Other Fixed Maturity Investments [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">105<span></span>
</td>
<td class="nump">97<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Fixed Maturities [Member] | State and municipal bonds [Member] | Other Fixed Maturity Investments [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">192<span></span>
</td>
<td class="nump">200<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Fixed Maturities [Member] | Foreign Government Debt [Member] | Other Fixed Maturity Investments [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">11<span></span>
</td>
<td class="nump">10<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Fixed Maturities [Member] | Corporate Obligations [Member] | Other Fixed Maturity Investments [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,234<span></span>
</td>
<td class="nump">1,266<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Fixed Maturities [Member] | Residential Mortgage Backed Agency [Member] | Mortgage-backed [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">283<span></span>
</td>
<td class="nump">330<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Fixed Maturities [Member] | Residential Mortgage Backed Non Agency [Member] | Mortgage-backed [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">22<span></span>
</td>
<td class="nump">19<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Fixed Maturities [Member] | Commercial Mortgage Backed Securities [Member] | Mortgage-backed [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">21<span></span>
</td>
<td class="nump">22<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Fixed Maturities [Member] | Collateralized Debt Obligations [Member] | Asset-backed [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">114<span></span>
</td>
<td class="nump">140<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Fixed Maturities [Member] | Other Asset Backed [Member] | Asset-backed [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">279<span></span>
</td>
<td class="nump">326<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Derivative Assets [Member] | Interest Rate Derivatives [Member] | Non-Insured Derivatives [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1<span></span>
</td>
<td class="nump">1<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Assets Of Consolidated V I Es [Member] | Variable Interest Entity, Primary Beneficiary [Member] | Loan Repurchase Commitments [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Assets Of Consolidated V I Es [Member] | Corporate Obligations [Member] | Variable Interest Entity, Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">8<span></span>
</td>
<td class="nump">8<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Assets Of Consolidated V I Es [Member] | Residential Mortgage Backed Non Agency [Member] | Mortgage-backed [Member] | Variable Interest Entity, Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">38<span></span>
</td>
<td class="nump">45<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Assets Of Consolidated V I Es [Member] | Commercial Mortgage Backed Securities [Member] | Mortgage-backed [Member] | Variable Interest Entity, Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">15<span></span>
</td>
<td class="nump">16<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Assets Of Consolidated V I Es [Member] | Collateralized Debt Obligations [Member] | Asset-backed [Member] | Variable Interest Entity, Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">7<span></span>
</td>
<td class="nump">6<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Assets Of Consolidated V I Es [Member] | Other Asset Backed [Member] | Asset-backed [Member] | Variable Interest Entity, Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">7<span></span>
</td>
<td class="nump">8<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Assets Of Consolidated V I Es [Member] | Loans Receivable and other Instruments At Fair Value [Member] | Variable Interest Entity, Primary Beneficiary [Member] | Residential Loans Receivable [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Assets Of Consolidated V I Es [Member] | Currency Derivatives [Member] | Variable Interest Entity, Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Assets Of Consolidated V I Es [Member] | Cash and Cash Equivalents [Member] | Variable Interest Entity, Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Assets Of Consolidated V I Es [Member] | Other [Member] | Variable Interest Entity, Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Derivative Liabilities [Member] | Credit Derivatives [Member] | Insured Derivatives [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosure', window );">Fair value financial liabilities measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2<span></span>
</td>
<td class="nump">2<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Derivative Liabilities [Member] | Interest Rate Derivatives [Member] | Non-Insured Derivatives [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosure', window );">Fair value financial liabilities measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">190<span></span>
</td>
<td class="nump">132<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Derivative Liabilities [Member] | Other Derivatives [Member] | Non-Insured Derivatives [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosure', window );">Fair value financial liabilities measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Other Liabilities [Member] | Other Payable [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosure', window );">Fair value financial liabilities measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Fair Value Inputs Level 2 [Member] | Liabilities Of Consolidated Vies [Member] | Variable Interest Entity Notes [Member] | Variable Interest Entity, Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosure', window );">Fair value financial liabilities measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">50<span></span>
</td>
<td class="nump">56<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">638<span></span>
</td>
<td class="nump">649<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosure', window );">Fair value financial liabilities measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">424<span></span>
</td>
<td class="nump">500<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Money Market Securities [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Medium-term Notes [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosure', window );">Fair value financial liabilities measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">98<span></span>
</td>
<td class="nump">108<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Perpetual Debt And Equity Securities [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Cash and Cash Equivalents [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Fixed Income Funds [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Fixed Maturities [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1<span></span>
</td>
<td class="nump">1<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Fixed Maturities [Member] | U S Treasury And Government [Member] | Other Fixed Maturity Investments [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Fixed Maturities [Member] | State and municipal bonds [Member] | Other Fixed Maturity Investments [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Fixed Maturities [Member] | Foreign Government Debt [Member] | Other Fixed Maturity Investments [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Fixed Maturities [Member] | Corporate Obligations [Member] | Other Fixed Maturity Investments [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Fixed Maturities [Member] | Residential Mortgage Backed Agency [Member] | Mortgage-backed [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Fixed Maturities [Member] | Residential Mortgage Backed Non Agency [Member] | Mortgage-backed [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Fixed Maturities [Member] | Commercial Mortgage Backed Securities [Member] | Mortgage-backed [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Fixed Maturities [Member] | Collateralized Debt Obligations [Member] | Asset-backed [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Fixed Maturities [Member] | Other Asset Backed [Member] | Asset-backed [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1<span></span>
</td>
<td class="nump">1<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Derivative Assets [Member] | Interest Rate Derivatives [Member] | Non-Insured Derivatives [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Assets Of Consolidated V I Es [Member] | Variable Interest Entity, Primary Beneficiary [Member] | Loan Repurchase Commitments [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">506<span></span>
</td>
<td class="nump">486<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Assets Of Consolidated V I Es [Member] | Corporate Obligations [Member] | Variable Interest Entity, Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Assets Of Consolidated V I Es [Member] | Residential Mortgage Backed Non Agency [Member] | Mortgage-backed [Member] | Variable Interest Entity, Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Assets Of Consolidated V I Es [Member] | Commercial Mortgage Backed Securities [Member] | Mortgage-backed [Member] | Variable Interest Entity, Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Assets Of Consolidated V I Es [Member] | Collateralized Debt Obligations [Member] | Asset-backed [Member] | Variable Interest Entity, Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Assets Of Consolidated V I Es [Member] | Other Asset Backed [Member] | Asset-backed [Member] | Variable Interest Entity, Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Assets Of Consolidated V I Es [Member] | Loans Receivable and other Instruments At Fair Value [Member] | Variable Interest Entity, Primary Beneficiary [Member] | Residential Loans Receivable [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">98<span></span>
</td>
<td class="nump">136<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Assets Of Consolidated V I Es [Member] | Currency Derivatives [Member] | Variable Interest Entity, Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">18<span></span>
</td>
<td class="nump">8<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Assets Of Consolidated V I Es [Member] | Cash and Cash Equivalents [Member] | Variable Interest Entity, Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Assets Of Consolidated V I Es [Member] | Other [Member] | Variable Interest Entity, Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Fair value financial assets measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">15<span></span>
</td>
<td class="nump">18<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Derivative Liabilities [Member] | Credit Derivatives [Member] | Insured Derivatives [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosure', window );">Fair value financial liabilities measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">8<span></span>
</td>
<td class="nump">7<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Derivative Liabilities [Member] | Interest Rate Derivatives [Member] | Non-Insured Derivatives [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosure', window );">Fair value financial liabilities measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Derivative Liabilities [Member] | Other Derivatives [Member] | Non-Insured Derivatives [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosure', window );">Fair value financial liabilities measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">37<span></span>
</td>
<td class="nump">34<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Other Liabilities [Member] | Other Payable [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosure', window );">Fair value financial liabilities measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Liabilities Of Consolidated Vies [Member] | Variable Interest Entity Notes [Member] | Variable Interest Entity, Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosure', window );">Fair value financial liabilities measured on recurring basis</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 281<span></span>
</td>
<td class="nump">$ 347<span></span>
</td>
</tr>
<tr><td colspan="3"></td></tr>
<tr><td colspan="3"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">Investment that was measured at fair value by applying the net asset value per share practical expedient, and was required not to be classified in the fair value hierarchy.</td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsNotesAndLoansReceivableLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsNotesAndLoansReceivableLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsFairValueDisclosure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value portion of probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetsFairValueDisclosure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeLiabilityFairValueGrossAssetAndRightToReclaimCashOffset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of asset associated with financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, and right to receive cash collateral under master netting arrangements.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 55<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=99393222&amp;loc=SL20226003-175313<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 45<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=117331979&amp;loc=d3e41228-113958<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeLiabilityFairValueGrossAssetAndRightToReclaimCashOffset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of financial and nonfinancial obligations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesFairValueDisclosure</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr>
<td><strong> Name:</strong></td>
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<tr>
<td><strong> Name:</strong></td>
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<tr>
<td><strong> Name:</strong></td>
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<tr>
<td><strong> Name:</strong></td>
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<td></td>
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<td>na</td>
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<td></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<td>na</td>
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<td><strong> Balance Type:</strong></td>
<td></td>
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<td></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_InvestmentNotesAxis=us-gaap_USTreasuryAndGovernmentMember</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=mbi_OtherFixedMaturityInvestmentsMember</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_InvestmentNotesAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_InvestmentNotesAxis=us-gaap_ForeignGovernmentDebtMember</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_InvestmentNotesAxis=mbi_CorporateObligationsMember</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_InvestmentNotesAxis=mbi_ResidentialMortgageBackedAgencyMember</td>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=us-gaap_MortgageBackedSecuritiesMember</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_InvestmentNotesAxis=mbi_ResidentialMortgageBackedNonAgencyMember</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_InvestmentNotesAxis=us-gaap_CommercialMortgageBackedSecuritiesMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_InvestmentNotesAxis=us-gaap_CollateralizedDebtObligationsMember</td>
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<tr>
<td><strong> Name:</strong></td>
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<tr>
<td><strong> Name:</strong></td>
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<td><strong> Name:</strong></td>
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<tr>
<td><strong> Name:</strong></td>
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<td><strong> Name:</strong></td>
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<td><strong> Name:</strong></td>
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<td><strong> Name:</strong></td>
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<tr>
<td><strong> Name:</strong></td>
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<tr>
<td><strong> Name:</strong></td>
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<td><strong> Name:</strong></td>
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<td><strong> Name:</strong></td>
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<tr>
<td><strong> Name:</strong></td>
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<tr>
<td><strong> Name:</strong></td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Name:</strong></td>
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<tr>
<td><strong> Name:</strong></td>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_InvestmentNotesAxis=mbi_OtherDerivativesMember</td>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentTypeAxis=us-gaap_OtherLiabilitiesMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_InvestmentNotesAxis=mbi_OtherPayableMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentTypeAxis=mbi_LiabilitiesOfConsolidatedViesMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_InvestmentNotesAxis=mbi_VariableInterestEntityNotesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>28
<FILENAME>R40.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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							} else { e.nextSibling.style.display='none'; }
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</head>
<body>
<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6654217104">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Loss And Loss Adjustment Expense Reserves (Schedule Of Insurance Loss Recoverable) (Detail) - Insurance Loss Recoverable [Member]<br> $ in Millions</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr><th class="th" colspan="2">
<div>Mar. 31, 2020 </div>
<div>USD ($)</div>
</th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_RollForwardOfInsuranceLossRecoverableLineItems', window );"><strong>Roll forward of Insurance Loss Recoverable [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InsuranceLossRecoverable', window );">Gross Reserve beginning balance, Insurance loss recoverable</a></td>
<td class="nump">$ 1,694<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_CollectionsForCases', window );">Collections for Cases</a></td>
<td class="num">(8)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesAccretionOfRecoveries', window );">Accretion of Recoveries</a></td>
<td class="nump">7<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInDiscountRate', window );">Changes in Discount Rates</a></td>
<td class="nump">157<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInAssumptions', window );">Changes in Assumptions</a></td>
<td class="num">(241)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesOther', window );">Other</a></td>
<td class="num">(2)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InsuranceLossRecoverable', window );">Gross Reserve ending balance, Insurance loss recoverable</a></td>
<td class="nump">$ 1,607<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr><td colspan="3"></td></tr>
<tr><td colspan="3"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">Includes amounts related to paid claims and LAE that are expected to be recovered in the future.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top">Primarily changes in amount and timing of collections.</td>
</tr>
</table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_CollectionsForCases">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cash receipts related to recoveries of previously paid claims</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_CollectionsForCases</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_InsuranceLossRecoverable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount as of the balance sheet date of paid insurance policy claims and LAE expense expected to be recovered.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_InsuranceLossRecoverable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesAccretionOfRecoveries">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Insurance Loss Recoverable And Changes In Recoveries Of Unpaid Losses Accretion Of Recoveries</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesAccretionOfRecoveries</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInAssumptions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Insurance Loss Recoverable And Changes In Recoveries Of Unpaid Losses Change In Assumptions</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInAssumptions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInDiscountRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Insurance Loss Recoverable And Changes In Recoveries Of Unpaid Losses Change In Discount Rate</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInDiscountRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesOther">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Changes in the timing and amount of net collections on financial guarantee contracts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesOther</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_RollForwardOfInsuranceLossRecoverableLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Roll forward of Insurance Loss Recoverable [Line Items]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_RollForwardOfInsuranceLossRecoverableLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_ClaimLiabilityAxis=mbi_InsuranceLossRecoverableMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_ClaimLiabilityAxis=mbi_InsuranceLossRecoverableMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>29
<FILENAME>R48.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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</head>
<body>
<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6658050912">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>Fair Value Of Financial Instruments (Gains And Losses On Fair Value Option Included In The Company's Consolidated Statements Of Operations) (Detail) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2020</div></th>
<th class="th"><div>Mar. 31, 2019</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidatedEntitiesAxis=srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember', window );">Non Variable Interest Entity [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">$ (63)<span></span>
</td>
<td class="nump">$ 22<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember', window );">Variable Interest Entity [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">15<span></span>
</td>
<td class="nump">18<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=mbi_InvestmentsCarriedAtFairValueMember', window );">Investments Carried At Fair Value [Member] | Non Variable Interest Entity [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="num">(20)<span></span>
</td>
<td class="nump">6<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=mbi_FixedMaturitySecuritiesHeldAtFairValueVieMember', window );">Fixed Maturity Securities Held At Fair Value - VIE [Member] | Variable Interest Entity [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="num">(6)<span></span>
</td>
<td class="nump">26<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=us-gaap_LoansReceivableMember', window );">Loans Receivable and Other Instruments at Fair Value [Member] | Variable Interest Entity [Member] | Residential Mortgage Loans [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="num">(35)<span></span>
</td>
<td class="nump">34<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=mbi_LoanRepurchaseCommitmentsMember', window );">Loan Repurchase Commitments [Member] | Variable Interest Entity [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">20<span></span>
</td>
<td class="nump">2<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=us-gaap_OtherAssetsMember', window );">Other Assets [Member] | Variable Interest Entity [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="num">(3)<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=us-gaap_MediumTermNotesMember', window );">Medium Term Notes [Member] | Non Variable Interest Entity [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="num">(2)<span></span>
</td>
<td class="num">(7)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=us-gaap_OtherLiabilitiesMember', window );">Other Liabilities [Member] | Non Variable Interest Entity [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="nump">0<span></span>
</td>
<td class="num">(1)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=mbi_VariableInterestEntityNotesMember', window );">Variable Interest Entity Notes [Member] | Variable Interest Entity [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">$ 27<span></span>
</td>
<td class="nump">$ 84<span></span>
</td>
</tr>
<tr><td colspan="3"></td></tr>
<tr><td colspan="3"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">Reported within &#8220;Net gains (losses) of financial instruments at fair value and foreign exchange&#8221; on MBIA&#8217;s consolidated statements of operations.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top">Reported within &#8220;Net gains (losses) of financial instruments at fair value and foreign exchange-VIE&#8221; on MBIA&#8217;s consolidated statements of operations.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[3]</td>
<td style="vertical-align: top;" valign="top">Reported within &#8220;Other net realized gains (losses)&#8221; on MBIA&#8217;s consolidated statements of operations.</td>
</tr>
</table></td></tr>
</table>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Change in the fair value of and realized gains and losses on sale of financial instruments and foreign exchange included in earnings.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<td><strong> Name:</strong></td>
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<td><strong> Period Type:</strong></td>
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<td><strong> Name:</strong></td>
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<td><strong> Name:</strong></td>
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6800353888">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Derivative Instruments (Effect Of Derivative Instruments On Consolidated Statements Of Operations) (Detail) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2020</div></th>
<th class="th"><div>Mar. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeGainLossOnDerivativeNet', window );">Net gain/(loss) recognized in income</a></td>
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<td class="num">$ (9)<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeStatementLocationAxis=mbi_UnrealizedGainsLossesOnInsuredDerivativesMember', window );">Unrealized Gains Losses On Insured Derivatives [Member] | Credit Default Swap [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeGainLossOnDerivativeNet', window );">Net gain/(loss) recognized in income</a></td>
<td class="num">(1)<span></span>
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<td class="nump">14<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeStatementLocationAxis=mbi_ForeignExchangeAndOtherDerivativesFinancialInstrumentsMember', window );">Net gains (losses) on financial instruments at fair value and foreign exchange [Member | Interest Rate Swap [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeGainLossOnDerivativeNet', window );">Net gain/(loss) recognized in income</a></td>
<td class="num">(56)<span></span>
</td>
<td class="num">(20)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeStatementLocationAxis=mbi_ForeignExchangeAndOtherDerivativesFinancialInstrumentsMember', window );">Net gains (losses) on financial instruments at fair value and foreign exchange [Member | Currency Swaps Vie [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeGainLossOnDerivativeNet', window );">Net gain/(loss) recognized in income</a></td>
<td class="nump">10<span></span>
</td>
<td class="num">(3)<span></span>
</td>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeStatementLocationAxis=mbi_ForeignExchangeAndOtherDerivativesFinancialInstrumentsMember', window );">Net gains (losses) on financial instruments at fair value and foreign exchange [Member | All Other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeGainLossOnDerivativeNet', window );">Net gain/(loss) recognized in income</a></td>
<td class="num">$ (3)<span></span>
</td>
<td class="nump">$ 0<span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) in the fair value of derivatives recognized in the income statement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4A<br> -Subparagraph (b)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=109980867&amp;loc=SL5618551-113959<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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</head>
<body>
<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6859804160">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>Business Segments (Summary Of Company's Segment Results) (Detail) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2020</div></th>
<th class="th"><div>Mar. 31, 2019</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Revenues', window );">Total revenues</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">$ (6)<span></span>
</td>
<td class="nump">$ 50<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BenefitsLossesAndExpenses', window );">Total expenses</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">327<span></span>
</td>
<td class="nump">69<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest', window );">Income (loss) before income taxes</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(333)<span></span>
</td>
<td class="num">(19)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Identifiable assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">6,632<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 7,284<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidatedEntitiesAxis=srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember', window );">Non Variable Interest Entity [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_RevenueFromCustomers', window );">Revenues</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">43<span></span>
</td>
<td class="nump">55<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnDerivativeInstrumentsNetPretax', window );">Net change in fair value of insured derivatives</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">14<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(63)<span></span>
</td>
<td class="nump">22<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet', window );">Net investment losses related to other-than-temporary impairments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="num">(28)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherIncome', window );">Other net realized gains (losses)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity', window );">Inter-segment revenues</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet', window );">Losses and loss adjustment</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">243<span></span>
</td>
<td class="num">(38)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SellingGeneralAndAdministrativeExpense', window );">Operating</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">20<span></span>
</td>
<td class="nump">30<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">47<span></span>
</td>
<td class="nump">52<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity', window );">Inter-segment expenses</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember', window );">Variable Interest Entity Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">15<span></span>
</td>
<td class="nump">18<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherIncome', window );">Other net realized gains (losses)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(9)<span></span>
</td>
<td class="num">(42)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_RevenuesOfConsolidatedVies', window );">Revenues of consolidated VIEs</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">14<span></span>
</td>
<td class="num">(14)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">15<span></span>
</td>
<td class="nump">22<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ExpensesOfConsolidatedVies', window );">Expenses of consolidated VIEs</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">17<span></span>
</td>
<td class="nump">25<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Identifiable assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,200<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 1,600<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember', window );">Operating Segments [Member] | U S Public Finance Insurance [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnDerivativeInstrumentsNetPretax', window );">Net change in fair value of insured derivatives</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity', window );">Inter-segment revenues</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">7<span></span>
</td>
<td class="nump">7<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Revenues', window );">Total revenues</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">19<span></span>
</td>
<td class="nump">44<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity', window );">Inter-segment expenses</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">14<span></span>
</td>
<td class="nump">15<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BenefitsLossesAndExpenses', window );">Total expenses</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">64<span></span>
</td>
<td class="num">(33)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest', window );">Income (loss) before income taxes</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(45)<span></span>
</td>
<td class="nump">77<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Identifiable assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">3,867<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember', window );">Operating Segments [Member] | U S Public Finance Insurance [Member] | Non Variable Interest Entity [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_RevenueFromCustomers', window );">Revenues</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">30<span></span>
</td>
<td class="nump">38<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(18)<span></span>
</td>
<td class="nump">40<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet', window );">Net investment losses related to other-than-temporary impairments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(28)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherIncome', window );">Other net realized gains (losses)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet', window );">Losses and loss adjustment</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">48<span></span>
</td>
<td class="num">(50)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SellingGeneralAndAdministrativeExpense', window );">Operating</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2<span></span>
</td>
<td class="nump">2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember', window );">Operating Segments [Member] | U S Public Finance Insurance [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_RevenuesOfConsolidatedVies', window );">Revenues of consolidated VIEs</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="num">(14)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ExpensesOfConsolidatedVies', window );">Expenses of consolidated VIEs</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember', window );">Operating Segments [Member] | Corporate Operations [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnDerivativeInstrumentsNetPretax', window );">Net change in fair value of insured derivatives</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet', window );">Net investment losses related to other-than-temporary impairments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity', window );">Inter-segment revenues</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">18<span></span>
</td>
<td class="nump">19<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Revenues', window );">Total revenues</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(32)<span></span>
</td>
<td class="nump">7<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity', window );">Inter-segment expenses</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">6<span></span>
</td>
<td class="nump">6<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BenefitsLossesAndExpenses', window );">Total expenses</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">36<span></span>
</td>
<td class="nump">47<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest', window );">Income (loss) before income taxes</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(68)<span></span>
</td>
<td class="num">(40)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Identifiable assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember', window );">Operating Segments [Member] | Corporate Operations [Member] | Non Variable Interest Entity [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_RevenueFromCustomers', window );">Revenues</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">6<span></span>
</td>
<td class="nump">7<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(56)<span></span>
</td>
<td class="num">(18)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherIncome', window );">Other net realized gains (losses)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet', window );">Losses and loss adjustment</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SellingGeneralAndAdministrativeExpense', window );">Operating</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">14<span></span>
</td>
<td class="nump">22<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">16<span></span>
</td>
<td class="nump">19<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember', window );">Operating Segments [Member] | Corporate Operations [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_RevenuesOfConsolidatedVies', window );">Revenues of consolidated VIEs</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ExpensesOfConsolidatedVies', window );">Expenses of consolidated VIEs</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember', window );">Operating Segments [Member] | International And Structured Finance Insurance [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet', window );">Net investment losses related to other-than-temporary impairments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity', window );">Inter-segment revenues</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">4<span></span>
</td>
<td class="nump">3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Revenues', window );">Total revenues</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">36<span></span>
</td>
<td class="nump">28<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity', window );">Inter-segment expenses</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">9<span></span>
</td>
<td class="nump">8<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BenefitsLossesAndExpenses', window );">Total expenses</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">256<span></span>
</td>
<td class="nump">84<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest', window );">Income (loss) before income taxes</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(220)<span></span>
</td>
<td class="num">(56)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Identifiable assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">4,051<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember', window );">Operating Segments [Member] | International And Structured Finance Insurance [Member] | Non Variable Interest Entity [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_RevenueFromCustomers', window );">Revenues</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">7<span></span>
</td>
<td class="nump">10<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnDerivativeInstrumentsNetPretax', window );">Net change in fair value of insured derivatives</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">14<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">11<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherIncome', window );">Other net realized gains (losses)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet', window );">Losses and loss adjustment</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">195<span></span>
</td>
<td class="nump">12<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SellingGeneralAndAdministrativeExpense', window );">Operating</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">4<span></span>
</td>
<td class="nump">6<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">31<span></span>
</td>
<td class="nump">33<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember', window );">Operating Segments [Member] | International And Structured Finance Insurance [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_RevenuesOfConsolidatedVies', window );">Revenues of consolidated VIEs</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">14<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ExpensesOfConsolidatedVies', window );">Expenses of consolidated VIEs</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">17<span></span>
</td>
<td class="nump">25<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember', window );">Intersegment Elimination [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherIncome', window );">Other net realized gains (losses)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity', window );">Inter-segment revenues</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="num">(29)<span></span>
</td>
<td class="num">(29)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Revenues', window );">Total revenues</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(29)<span></span>
</td>
<td class="num">(29)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity', window );">Inter-segment expenses</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="num">(29)<span></span>
</td>
<td class="num">(29)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BenefitsLossesAndExpenses', window );">Total expenses</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(29)<span></span>
</td>
<td class="num">(29)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest', window );">Income (loss) before income taxes</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Identifiable assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="num">(2,286)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember', window );">Intersegment Elimination [Member] | Non Variable Interest Entity [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_RevenueFromCustomers', window );">Revenues</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnDerivativeInstrumentsNetPretax', window );">Net change in fair value of insured derivatives</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet', window );">Net investment losses related to other-than-temporary impairments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet', window );">Losses and loss adjustment</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SellingGeneralAndAdministrativeExpense', window );">Operating</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember', window );">Intersegment Elimination [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_RevenuesOfConsolidatedVies', window );">Revenues of consolidated VIEs</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ExpensesOfConsolidatedVies', window );">Expenses of consolidated VIEs</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr><td colspan="4"></td></tr>
<tr><td colspan="4"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">Represents the sum of third-party financial guarantee net premiums earned, net investment income, insurance-related fees and reimbursements and other fees.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top">Represents intercompany premium income and expense and intercompany interest income and expense pertaining to intercompany receivables and payables.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[3]</td>
<td style="vertical-align: top;" valign="top">Consists primarily of intercompany reinsurance balances and repurchase agreements.</td>
</tr>
</table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Intersegmentexpenses in the consolidated group.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_ExpensesOfConsolidatedVies">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total expenses of all Variable Interest Entities consolidated by the reporting entity</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_ExpensesOfConsolidatedVies</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Change in the fair value of and realized gains and losses on sale of financial instruments and foreign exchange included in earnings.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_RevenueFromCustomers">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This item represents revenue grnerated from contracts with customers.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_RevenueFromCustomers</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Intersegment revenues in the consolidated group.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_RevenuesOfConsolidatedVies">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total revenues of all Variable Interest Entities consolidated by the reporting entity</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_RevenuesOfConsolidatedVies</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Assets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(11))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(12))<br> -URI http://asc.fasb.org/extlink&amp;oid=119400593&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Assets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BenefitsLossesAndExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total amount of expense recognized during the period for future policy benefits, claims and claims adjustment costs, and for selling, general and administrative costs.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04.5,6,7)<br> -URI http://asc.fasb.org/extlink&amp;oid=116637232&amp;loc=SL114874131-224263<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BenefitsLossesAndExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GainLossOnDerivativeInstrumentsNetPretax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate net gain (loss) on all derivative instruments recognized in earnings during the period, before tax effects.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4A<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=109980867&amp;loc=SL5618551-113959<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GainLossOnDerivativeInstrumentsNetPretax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 940<br> -SubTopic 20<br> -Section 25<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=68072869&amp;loc=d3e41242-110953<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(10))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(8))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637232&amp;loc=SL114874131-224263<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22694-107794<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(15))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637391&amp;loc=SL114874048-224260<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of the cost of borrowed funds accounted for as interest expense.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6450988&amp;loc=d3e26243-108391<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=114775744&amp;loc=d3e28555-108399<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (210.5-03(11))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.9)<br> -URI http://asc.fasb.org/extlink&amp;oid=116637391&amp;loc=SL114874048-224260<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of revenue and income classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=116637232&amp;loc=SL114874131-224263<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of other than temporary impairment (OTTI) losses on equity securities, OTTI related to credit losses on debt securities, and OTTI losses on debt securities when the entity intends to sell the securities or it is more likely than not that the entity will be required to sell the securities before recovery of its amortized cost basis. Additionally, this item includes OTTI losses recognized during the period on investments accounted for under the cost method of accounting.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after effects of policies assumed or ceded, of expense related to the provision for policy benefits and costs incurred.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04.5)<br> -URI http://asc.fasb.org/extlink&amp;oid=116637232&amp;loc=SL114874131-224263<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=99397103&amp;loc=d3e6811-158387<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PolicyholderBenefitsAndClaimsIncurredNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Revenues">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 32<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8933-108599<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Revenues</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SegmentReportingInformationLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SegmentReportingInformationLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SellingGeneralAndAdministrativeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 330<br> -SubTopic 10<br> -Section 30<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=68048583&amp;loc=d3e3636-108311<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SellingGeneralAndAdministrativeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ConsolidatedEntitiesAxis=srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ConsolidatedEntitiesAxis=srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6658287136">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Accumulated Other Comprehensive Income<br></strong></div></th>
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<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
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<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:7%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
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<td style="width:7%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(2</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">46</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">94</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Amounts reclassified from AOCI</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(3</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(1</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Net period other comprehensive income (loss)</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">45</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">48</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">93</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Balance, March&#160;31, 2020</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">157</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(7</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(59</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">91</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents the details of the reclassifications from AOCI for the three months ended March&#160;31, 2020 and 2019: </div></div>
<table border="0" cellpadding="0" cellspacing="0" style="margin: 12pt auto 0px; width: 100%; font-size: 10pt; border-collapse: separate; border-spacing: 0;">
<tr style="font-size: 0px;">
<td style="width: 38%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 7%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 7%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 7%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 37%; font-family: Arial; padding: 0px;">&#160;</td> </tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions </div></div></div> </td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="6" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Amounts&#160;Reclassified from&#160;AOCI </div></div></div> </td>
<td style="font-family: Arial;">&#160;</td>
<td style="font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td colspan="6" style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Three&#160;Months&#160;Ended&#160;March&#160;31, </div></div></div> </td>
<td style="padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td style="padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td> </tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Details&#160;about&#160;AOCI&#160;Components </div></div></div> </td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2020 </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2019 </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Affected Line Item on the Consolidated </div></div></div> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Statements of Operations </div></div></div> </td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Unrealized gains (losses) on AFS securities: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt;"> <div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Realized gains (losses) on sale of securities </div></div> </td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3&#160;</div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">39&#160;</div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net gains (losses) on financial instruments at fair value and foreign exchange </div></div> </td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">Credit losses</div> </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-&#160;</div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(28) </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net investment losses related to OTTI </div></div> </td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total unrealized gains (losses) on AFS securities </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3&#160;</div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11&#160;</div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt;"> <div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Instrument-specific credit risk of liabilities: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt;"> <div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td> </tr>
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<td style="vertical-align: bottom; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Settlement of liabilities </div></div> </td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2) </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4) </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net gains (losses) on financial instruments at fair value and foreign exchange </div></div> </td> </tr>
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<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
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<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7&#160;</div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net income (loss) </div></div> </td> </tr>
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<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Loss and Loss Adjustment Expense Reserves (Tables)<br></strong></div></th>
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<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">$</td>
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<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">$</td>
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<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">911</div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">$</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Before VIE eliminations<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(1)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,181</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">799</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,286</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">749</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">VIE eliminations<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(1)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(528</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(284</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(503</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(280</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total international and structured finance insurance</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">653</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">515</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">783</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">469</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; font-weight: normal; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Total</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,607</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">966</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,694</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">901</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="text-align: center;"> <div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> </div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Includes loan repurchase commitments of $506&#160;million and $486&#160;million as of March&#160;31, 2020 and December&#160;31, 2019, respectively.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="margin-top: 6pt; margin-bottom: 0px;"/>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(2)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Amounts are net of expected recoveries.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ScheduleOfLossAndLossAdjustmentExpenseReserveTextBlock', window );">Schedule Of Loss And Loss Adjustment Expenses Reserves</a></td>
<td class="text">
<table border="0" cellpadding="0" cellspacing="0" style="margin: 12pt auto 0px; width: 100%; font-size: 8pt; border-collapse: separate; border-spacing: 0;">
<tr style="font-size: 0px;">
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 9%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 9%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 9%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 9%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 9%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 9%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 4%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 5%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 5%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 5%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 5%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 5%; font-family: Arial; padding: 0px;">&#160;</td> </tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="22" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Changes in Loss and LAE Reserves for the Three Months Ended March&#160;31, 2020 </div></div></div> </td>
<td style="padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td style="padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td colspan="2" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Gross Loss<br/> and LAE<br/> Reserves&#160;as&#160;of<br/> December&#160;31,<br/> 2019<div style="font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;">(1)</div></div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Loss<br/> Payments </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Accretion<br/> of Claim<br/> Liability<br/> Discount </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Changes&#160;in<br/> Discount<br/> Rates </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Changes in<br/> Assumptions </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Changes&#160;in<br/> Unearned<br/> Premium<br/> Revenue </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Other </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Gross Loss<br/> and LAE<br/> Reserves&#160;as&#160;of<br/> March&#160;31,<br/> 2020<div style="font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;">(1)</div></div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">901 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(68</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(98</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">222 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1</div></div> </td>
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<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">966 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
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<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
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<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
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<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
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<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Amounts are net of expected recoveries of unpaid claims.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ScheduleOfInsuranceLossRecoverableTextBlock', window );">Schedule Of Insurance Loss Recoverable</a></td>
<td class="text">
<table border="0" cellpadding="0" cellspacing="0" style="font-size:6pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
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<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="18" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Changes in Insurance Loss Recoverable</div></div> </td>
<td>&#160;</td>
<td>&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
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<td style="padding-bottom: 0.5pt;">&#160;</td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:6pt;">
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<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
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<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Collections<br/> for Cases</div></div> </td>
<td style="white-space: nowrap; vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Accretion<br/> of<br/> Recoveries</div></div> </td>
<td style="white-space: nowrap; vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Changes&#160;in<br/> Discount<br/> Rates</div></div> </td>
<td style="white-space: nowrap; vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: bold; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Changes in<br/> <div style="font-weight: normal; font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assumptions</div></div><div style="font-weight: normal; font-style: normal; font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;">(1)</div></div> </td>
<td style="white-space: nowrap; vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: bold; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight: normal; font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Other</div></div><div style="font-weight: normal; font-style: normal; font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;">(2)</div></div> </td>
<td style="white-space: nowrap; vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Gross<br/> Reserve<br/> as of<br/> March&#160;31,<br/> 2020</div></div> </td>
<td style="white-space: nowrap; vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:6pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Insurance loss recoverable</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,694</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(8</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">157</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(241</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(2</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:6pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,607</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="text-align: center;"> <div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> </div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Includes amounts related to paid claims and LAE that are expected to be recovered in the future.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(2)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Primarily changes in amount and timing of collections.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationTextBlock', window );">Schedule Of Financial Guarantees And Related Claim Liability</a></td>
<td class="text"><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table provides information about the financial guarantees and related claim liability included in each of MBIA&#8217;s surveillance categories as of March&#160;31, 2020: </div></div>
<table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:83%;">&#160;</td>
<td style="width:1%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:1%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:1%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:1%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:1%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="18" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Surveillance Categories</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">$ in millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Caution<br/> List<br/> Low</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Caution<br/> List<br/> Medium</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Caution<br/> List<br/> High</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Classified<br/> List</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Total</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Number of policies</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">42</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">18</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">219</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">279</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Number of issues<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (1)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">12</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">5</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">99</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">116</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Remaining weighted average contract period (in years)</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">6.6</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7.1</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7.7</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7.4</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Gross insured contractual payments outstanding:<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (2)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Principal</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,192</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">224</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">3,736</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">5,152</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Interest</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,914</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">99</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,566</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">3,579</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 5em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">3,106</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">323</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">5,302</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">8,731</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Gross Claim Liability<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (3)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,068</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,068</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Less:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Gross Potential Recoveries<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (4)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,781</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,781</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Discount, net<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (5)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(91</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(91</div> </td>
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<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
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<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
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<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
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<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
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<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Net claim liability (recoverable)</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(622</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(622</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Unearned premium revenue</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">6</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">3</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">38</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">47</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Reinsurance recoverable on paid and unpaid losses<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (6)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">13</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="text-align: center;"> <div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> </div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">An &#8220;issue&#8221; represents the aggregate of financial guarantee policies that share the same revenue source for purposes of making debt service payments on the insured debt.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="margin-top: 6pt; margin-bottom: 0px;"/>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(2)&#160;-</td>
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<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(3)&#160;-</td>
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<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(4)&#160;-</td>
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<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(5)&#160;-</td>
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<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(6)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Included in &#8220;Other assets&#8221; on the Company&#8217;s consolidated balance sheets.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table provides information about the financial guarantees and related claim liability included in each of MBIA&#8217;s surveillance categories as of December&#160;31, 2019: </div></div>
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<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:83%;">&#160;</td>
<td style="width:1%;">&#160;</td>
<td>&#160;</td>
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<td>&#160;</td>
<td style="width:1%;">&#160;</td>
<td>&#160;</td>
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<td>&#160;</td>
<td style="width:1%;">&#160;</td>
<td>&#160;</td>
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<td>&#160;</td>
<td style="width:1%;">&#160;</td>
<td>&#160;</td>
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<td>&#160;</td>
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<td>&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="18" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Surveillance Categories</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">$ in millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Caution<br/> List<br/> Low</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Caution<br/> List<br/> Medium</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Caution<br/> List<br/> High</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Classified<br/> List</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Total</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Number of policies</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">45</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">19</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">212</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">276</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Number of issues<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (1)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">13</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">5</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">94</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">112</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Remaining weighted average contract period (in years)</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7.3</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7.2</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7.9</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7.7</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Gross insured contractual payments outstanding:<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (2)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Principal</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,546</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">248</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">3,794</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">5,588</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Interest</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2,107</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">110</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,668</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">3,885</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 4em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">3,653</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">358</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">5,462</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">9,473</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Gross Claim Liability<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (3)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">965</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">965</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Less:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Gross Potential Recoveries<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (4)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2,184</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2,184</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Discount, net<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;"> (5)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(453</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(453</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
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<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
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<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Net claim liability (recoverable)</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(766</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(766</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Unearned premium revenue</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">6</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">3</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">39</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">48</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">19</div> </td>
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<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">An &#8220;issue&#8221; represents the aggregate of financial guarantee policies that share the same revenue source for purposes of making debt service payments on the insured debt.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="margin-top: 6pt; margin-bottom: 0px;"/>
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<td style="width: 3%; vertical-align: top; white-space: nowrap;">(2)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Represents contractual principal and interest payments due by the issuer of the obligations insured by MBIA.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="margin-top: 6pt; margin-bottom: 0px;"/>
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<td style="width: 3%; vertical-align: top; white-space: nowrap;">(3)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">The gross claim liability with respect to Puerto Rico exposures are net of expected recoveries for policies in a net payable position.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="margin-top: 6pt; margin-bottom: 0px;"/>
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<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Gross potential recoveries with respect to certain Puerto Rico exposures are net of the claim liability for policies in a net recoverable position.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="margin-top: 6pt; margin-bottom: 0px;"/>
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<td style="width: 3%; vertical-align: top; white-space: nowrap;">(5)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Represents discount related to Gross Claim Liability and Gross Potential Recoveries.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="margin-top: 6pt; margin-bottom: 0px;"/>
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<td style="width: 3%; vertical-align: top; white-space: nowrap;">(6)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Included in &#8220;Other assets&#8221; on the Company&#8217;s consolidated balance sheets.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of insured financial obligations with credit deterioration related to the claim liability on financial guarantee insurance contracts as of the end of each annual and interim reporting period detailing, at a minimum, the following for each surveillance category or grouping used to track and monitor the entity's insured financial obligations: (1) number of issued and outstanding financial guarantee insurance contracts; (2) remaining weighted average contract period; (3) insured contractual payments outstanding, segregating principal and interest; (4) gross claim liability; (5) gross potential recoveries; (6) net discount of both the claim liability and potential recoveries; (7) net claim liability; (8) reinsurance recoverable; and (9) unearned premium revenue.</p></div>
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6862690480">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Income Taxes (Tables)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
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<tr><th class="th"><div>Mar. 31, 2020</div></th></tr>
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<td style="white-space: nowrap; font-family: Arial;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
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<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"><div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2019 </div></div></div></td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(19</div></div></td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td></tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"><div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Provision (benefit) for income taxes </div></div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div></td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2 </div></div></td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td></tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"><div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Effective tax rate </div></div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.0% </div></div></td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-10.5% </div></div></td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td></tr></table><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><span></span>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of income before income tax between domestic and foreign jurisdictions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08.(h)(1)(i))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<td style="white-space:nowrap;">us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6654434128">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Fair Value Of Financial Instruments (Aggregate Fair Value And Remaining Contractual Principal Balance Outstanding On Fair Value Option) (Detail) - Variable Interest Entity [Member] - Loans Receivable [Member] - USD ($)<br> $ in Millions</strong></div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=mbi_ResidentialMortgageLoansMember', window );">Residential Mortgage Loans [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems', window );"><strong>Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable', window );">Loans receivable and other instruments, contractual outstanding principal</a></td>
<td class="nump">$ 96<span></span>
</td>
<td class="nump">$ 107<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable90DaysOrMorePastDue', window );">Loans receivable and other instruments, 90 days or more past due, contractual outstanding principal</a></td>
<td class="nump">123<span></span>
</td>
<td class="nump">154<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueOptionAggregateFairValueLoansReceivable', window );">Loans receivable and other instruments, fair value</a></td>
<td class="nump">87<span></span>
</td>
<td class="nump">107<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue', window );">Loans receivable and other instruments, 90 days or more past due, fair value</a></td>
<td class="nump">11<span></span>
</td>
<td class="nump">29<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOptionAggregateDifferencesLoansAndLongTermReceivables', window );">Loans receivable and other instruments, difference</a></td>
<td class="nump">9<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDueAggregateDifference', window );">Loans receivable and other instruments, 90 days or more past due, difference</a></td>
<td class="nump">112<span></span>
</td>
<td class="nump">125<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=us-gaap_MediumTermNotesMember', window );">Medium Term Notes [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems', window );"><strong>Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueOptionContractualOutstandingPrincipalLongTermDebtInstruments', window );">Long-term debt instruments, contractual outstanding principal</a></td>
<td class="nump">110<span></span>
</td>
<td class="nump">112<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueOptionAggregateFairValueLongTermDebtInstruments', window );">Long-term debt instruments, fair value</a></td>
<td class="nump">98<span></span>
</td>
<td class="nump">108<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOptionAggregateDifferencesLongTermDebtInstruments', window );">Long-term debt instruments, difference</a></td>
<td class="nump">12<span></span>
</td>
<td class="nump">4<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=mbi_VariableInterestEntityNotesMember', window );">Variable Interest Entity Notes [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems', window );"><strong>Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueOptionContractualOutstandingPrincipalLongTermDebtInstruments', window );">Long-term debt instruments, contractual outstanding principal</a></td>
<td class="nump">1,097<span></span>
</td>
<td class="nump">1,126<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueOptionAggregateFairValueLongTermDebtInstruments', window );">Long-term debt instruments, fair value</a></td>
<td class="nump">331<span></span>
</td>
<td class="nump">403<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOptionAggregateDifferencesLongTermDebtInstruments', window );">Long-term debt instruments, difference</a></td>
<td class="nump">766<span></span>
</td>
<td class="nump">723<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=mbi_TotalLoansReceivableAndOtherInstrumentsMember', window );">Total Loans Receivable and Other Instruments [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems', window );"><strong>Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable', window );">Loans receivable and other instruments, contractual outstanding principal</a></td>
<td class="nump">219<span></span>
</td>
<td class="nump">261<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueOptionAggregateFairValueLoansReceivable', window );">Loans receivable and other instruments, fair value</a></td>
<td class="nump">98<span></span>
</td>
<td class="nump">136<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOptionAggregateDifferencesLoansAndLongTermReceivables', window );">Loans receivable and other instruments, difference</a></td>
<td class="nump">$ 121<span></span>
</td>
<td class="nump">$ 125<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_FairValueOptionAggregateFairValueLoansReceivable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair Value Option Aggregate Fair Value Loans Receivable</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_FairValueOptionAggregateFairValueLoansReceivable</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair Value Option Aggregate Fair Value Long Term Debt Instruments</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_FairValueOptionAggregateFairValueLongTermDebtInstruments</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair Value Option Contractual Outstanding Principal Loans Receivable</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable90DaysOrMorePastDue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair Value Option Contractual Outstanding Principal Loans Receivable 90 Days or More Past Due</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable90DaysOrMorePastDue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_FairValueOptionContractualOutstandingPrincipalLongTermDebtInstruments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair Value Option Contractual Outstanding Principal Long-Term Debt Instruments</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_FairValueOptionContractualOutstandingPrincipalLongTermDebtInstruments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueOptionAggregateDifferencesLoansAndLongTermReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This item represents the difference between the aggregate fair value and the aggregate unpaid principal balance of loans and long-term receivables (other than securities categorized as trading, available-for-sale or held-to-maturity) that have contractual principal amounts and for which the fair value option has been elected.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (d)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=75031198&amp;loc=d3e14064-108612<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueOptionAggregateDifferencesLoansAndLongTermReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueOptionAggregateDifferencesLongTermDebtInstruments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This item represents the difference between the aggregate fair value and the aggregate unpaid principal balance of long-term debt instruments that have contractual principal amounts and for which the fair value option has been elected.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (d)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=75031198&amp;loc=d3e14064-108612<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueOptionAggregateDifferencesLongTermDebtInstruments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This item represents the aggregate fair value of loans held as assets that are 90 days or more past due for which the fair value option has been elected.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (e)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=75031198&amp;loc=d3e14064-108612<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDueAggregateDifference">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>For loans held as assets for which the fair value option has been elected, this item represents the difference between the aggregate fair value and the aggregate unpaid principal balance of those loans that are 90 days or more past due.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (e)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=75031198&amp;loc=d3e14064-108612<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDueAggregateDifference</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentTypeAxis=mbi_ResidentialMortgageLoansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentTypeAxis=mbi_ResidentialMortgageLoansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_LoansReceivableMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_LoansReceivableMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentTypeAxis=us-gaap_MediumTermNotesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentTypeAxis=us-gaap_MediumTermNotesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentTypeAxis=mbi_VariableInterestEntityNotesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentTypeAxis=mbi_VariableInterestEntityNotesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentTypeAxis=mbi_TotalLoansReceivableAndOtherInstrumentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentTypeAxis=mbi_TotalLoansReceivableAndOtherInstrumentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
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<head>
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6854617568">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Fair Value Of Financial Instruments (Fair Value Hierarchy Table Presents The Company's Assets And Liabilities At Fair Value Not Recorded On The Company's Consolidated Balance Sheet) (Detail) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember', window );">Variable Interest Entity Primary Beneficiary [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems', window );"><strong>Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesFairValue', window );">Investments held-to-maturity, fair value</a></td>
<td class="nump">$ 572<span></span>
</td>
<td class="nump">$ 892<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesPayable', window );">Variable interest entity notes</a></td>
<td class="nump">1,160<span></span>
</td>
<td class="nump">1,539<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember', window );">Carrying Reported Amount Fair Value Disclosure [Member] | Value Disclosed At Fair Value Not Recorded At Fair Value [Member] | Fair Value Measurements Nonrecurring [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems', window );"><strong>Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Total assets</a></td>
<td class="nump">529<span></span>
</td>
<td class="nump">890<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtFairValue', window );">Long-term debt</a></td>
<td class="nump">2,261<span></span>
</td>
<td class="nump">2,228<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MediumTermNotes', window );">Medium-term notes</a></td>
<td class="nump">563<span></span>
</td>
<td class="nump">570<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_GuaranteedInvestmentAgreementsFairValue', window );">Investment agreements</a></td>
<td class="nump">295<span></span>
</td>
<td class="nump">304<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosure', window );">Total liabilities</a></td>
<td class="nump">3,948<span></span>
</td>
<td class="nump">4,238<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FinancialGuaranteeGross', window );">Gross</a></td>
<td class="num">(177)<span></span>
</td>
<td class="num">(311)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FinancialGuaranteeCeded', window );">Ceded</a></td>
<td class="nump">15<span></span>
</td>
<td class="nump">24<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember', window );">Carrying Reported Amount Fair Value Disclosure [Member] | Value Disclosed At Fair Value Not Recorded At Fair Value [Member] | Variable Interest Entity Primary Beneficiary [Member] | Fair Value Measurements Nonrecurring [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems', window );"><strong>Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesFairValue', window );">Investments held-to-maturity, fair value</a></td>
<td class="nump">529<span></span>
</td>
<td class="nump">890<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesPayable', window );">Variable interest entity notes</a></td>
<td class="nump">829<span></span>
</td>
<td class="nump">1,136<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember', window );">Fair Value [Member] | Value Disclosed At Fair Value Not Recorded At Fair Value [Member] | Fair Value Measurements Nonrecurring [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems', window );"><strong>Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Total assets</a></td>
<td class="nump">572<span></span>
</td>
<td class="nump">892<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtFairValue', window );">Long-term debt</a></td>
<td class="nump">856<span></span>
</td>
<td class="nump">1,073<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MediumTermNotes', window );">Medium-term notes</a></td>
<td class="nump">377<span></span>
</td>
<td class="nump">396<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_GuaranteedInvestmentAgreementsFairValue', window );">Investment agreements</a></td>
<td class="nump">415<span></span>
</td>
<td class="nump">394<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosure', window );">Total liabilities</a></td>
<td class="nump">2,479<span></span>
</td>
<td class="nump">3,016<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FinancialGuaranteeGross', window );">Gross</a></td>
<td class="nump">723<span></span>
</td>
<td class="nump">556<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FinancialGuaranteeCeded', window );">Ceded</a></td>
<td class="nump">51<span></span>
</td>
<td class="nump">56<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember', window );">Fair Value [Member] | Value Disclosed At Fair Value Not Recorded At Fair Value [Member] | Variable Interest Entity Primary Beneficiary [Member] | Fair Value Measurements Nonrecurring [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems', window );"><strong>Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesFairValue', window );">Investments held-to-maturity, fair value</a></td>
<td class="nump">572<span></span>
</td>
<td class="nump">892<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesPayable', window );">Variable interest entity notes</a></td>
<td class="nump">831<span></span>
</td>
<td class="nump">1,153<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember', window );">Fair Value [Member] | Value Disclosed At Fair Value Not Recorded At Fair Value [Member] | Fair Value Inputs Level 1 [Member] | Fair Value Measurements Nonrecurring [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems', window );"><strong>Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Total assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtFairValue', window );">Long-term debt</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MediumTermNotes', window );">Medium-term notes</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_GuaranteedInvestmentAgreementsFairValue', window );">Investment agreements</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosure', window );">Total liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FinancialGuaranteeGross', window );">Gross</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FinancialGuaranteeCeded', window );">Ceded</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember', window );">Fair Value [Member] | Value Disclosed At Fair Value Not Recorded At Fair Value [Member] | Fair Value Inputs Level 1 [Member] | Variable Interest Entity Primary Beneficiary [Member] | Fair Value Measurements Nonrecurring [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems', window );"><strong>Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesFairValue', window );">Investments held-to-maturity, fair value</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesPayable', window );">Variable interest entity notes</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember', window );">Fair Value [Member] | Value Disclosed At Fair Value Not Recorded At Fair Value [Member] | Fair Value Inputs Level 2 [Member] | Fair Value Measurements Nonrecurring [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems', window );"><strong>Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Total assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtFairValue', window );">Long-term debt</a></td>
<td class="nump">856<span></span>
</td>
<td class="nump">1,073<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MediumTermNotes', window );">Medium-term notes</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_GuaranteedInvestmentAgreementsFairValue', window );">Investment agreements</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosure', window );">Total liabilities</a></td>
<td class="nump">1,117<span></span>
</td>
<td class="nump">1,334<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FinancialGuaranteeGross', window );">Gross</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FinancialGuaranteeCeded', window );">Ceded</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember', window );">Fair Value [Member] | Value Disclosed At Fair Value Not Recorded At Fair Value [Member] | Fair Value Inputs Level 2 [Member] | Variable Interest Entity Primary Beneficiary [Member] | Fair Value Measurements Nonrecurring [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems', window );"><strong>Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesFairValue', window );">Investments held-to-maturity, fair value</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesPayable', window );">Variable interest entity notes</a></td>
<td class="nump">261<span></span>
</td>
<td class="nump">261<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember', window );">Fair Value [Member] | Value Disclosed At Fair Value Not Recorded At Fair Value [Member] | Fair Value Inputs Level 3 [Member] | Fair Value Measurements Nonrecurring [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems', window );"><strong>Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosure', window );">Total assets</a></td>
<td class="nump">572<span></span>
</td>
<td class="nump">892<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtFairValue', window );">Long-term debt</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MediumTermNotes', window );">Medium-term notes</a></td>
<td class="nump">377<span></span>
</td>
<td class="nump">396<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_GuaranteedInvestmentAgreementsFairValue', window );">Investment agreements</a></td>
<td class="nump">415<span></span>
</td>
<td class="nump">394<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesFairValueDisclosure', window );">Total liabilities</a></td>
<td class="nump">1,362<span></span>
</td>
<td class="nump">1,682<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FinancialGuaranteeGross', window );">Gross</a></td>
<td class="nump">723<span></span>
</td>
<td class="nump">556<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FinancialGuaranteeCeded', window );">Ceded</a></td>
<td class="nump">51<span></span>
</td>
<td class="nump">56<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember', window );">Fair Value [Member] | Value Disclosed At Fair Value Not Recorded At Fair Value [Member] | Fair Value Inputs Level 3 [Member] | Variable Interest Entity Primary Beneficiary [Member] | Fair Value Measurements Nonrecurring [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems', window );"><strong>Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesFairValue', window );">Investments held-to-maturity, fair value</a></td>
<td class="nump">572<span></span>
</td>
<td class="nump">892<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesPayable', window );">Variable interest entity notes</a></td>
<td class="nump">$ 570<span></span>
</td>
<td class="nump">$ 892<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_FinancialGuaranteeCeded">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the Company's balance sheet carrying amount of the financial guarantee insurance contracts ceded to third party reinsurers. The balance sheet carrying amount comprises the prepaid reinsurance premiums and reinsurance recoverable on paid and unpaid losses</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_FinancialGuaranteeCeded</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_FinancialGuaranteeGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the Company's balance sheet carrying amount of the financial guarantee insurance contract obligations with third parties. The gross balance sheet carrying amount comprises the unearned premium revenue and the loss and loss adjustment expense reserves balances</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_FinancialGuaranteeGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_GuaranteedInvestmentAgreementsFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Guaranteed Investment Agreements Fair Value</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_GuaranteedInvestmentAgreementsFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsFairValueDisclosure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value portion of probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetsFairValueDisclosure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_HeldToMaturitySecuritiesFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of investment in debt security measured at amortized cost (held-to-maturity).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5<br> -Subparagraph (aa)<br> -URI http://asc.fasb.org/extlink&amp;oid=118939692&amp;loc=d3e27232-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesFairValueDisclosure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of financial and nonfinancial obligations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesFairValueDisclosure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The fair value amount of long-term debt whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebtFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MediumTermNotes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Including the current and noncurrent portions, carrying value at the balance sheet date of a financial instrument used to receive debt funding on a regular basis with original maturities ranging from 5-10 years.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(16))<br> -URI http://asc.fasb.org/extlink&amp;oid=119400593&amp;loc=d3e572229-122910<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(16))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 946<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.6-04(13))<br> -URI http://asc.fasb.org/extlink&amp;oid=6488278&amp;loc=d3e603758-122996<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MediumTermNotes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NotesPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(16))<br> -URI http://asc.fasb.org/extlink&amp;oid=119400593&amp;loc=d3e572229-122910<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(16))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NotesPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis=mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsNonrecurringMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsNonrecurringMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>37
<FILENAME>R41.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6853438976">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>Loss And Loss Adjustment Expense Reserves (Schedule Of Financial Guarantees And Related Claim Liability) (Detail)<br> $ in Millions</strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr>
<th class="th">
<div>Mar. 31, 2020 </div>
<div>USD ($) </div>
<div>issue </div>
<div>policy</div>
</th>
<th class="th">
<div>Dec. 31, 2019 </div>
<div>USD ($) </div>
<div>issue </div>
<div>policy</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseReservesLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NumberOfPolicies', window );">Number of policies | policy</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">279<span></span>
</td>
<td class="nump">276<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding', window );">Number of issues | issue</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">116<span></span>
</td>
<td class="nump">112<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod', window );">Remaining weighted average contract period (in years)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">7 years 4 months 24 days<span></span>
</td>
<td class="text">7 years 8 months 12 days<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal', window );">Principal</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">$ 5,152<span></span>
</td>
<td class="nump">$ 5,588<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest', window );">Interest</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">3,579<span></span>
</td>
<td class="nump">3,885<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding', window );">Total</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">8,731<span></span>
</td>
<td class="nump">9,473<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability', window );">Gross claim liability</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="nump">1,068<span></span>
</td>
<td class="nump">965<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries', window );">Less: Gross potential recoveries</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[4]</sup></td>
<td class="nump">1,781<span></span>
</td>
<td class="nump">2,184<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount', window );">Discount, net</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[5]</sup></td>
<td class="num">(91)<span></span>
</td>
<td class="num">(453)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiabilityRecoverable', window );">Net claim liability (recoverable)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(622)<span></span>
</td>
<td class="num">(766)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue', window );">Unearned premium revenue</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">47<span></span>
</td>
<td class="nump">48<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReinsuranceRecoverablesOnPaidAndUnpaidLosses', window );">Reinsurance recoverables on paid and unpaid losses</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[6]</sup></td>
<td class="nump">$ 13<span></span>
</td>
<td class="nump">$ 19<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_SurveillanceCategoriesAxis=mbi_CautionListLowMember', window );">Caution List Low [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseReservesLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NumberOfPolicies', window );">Number of policies | policy</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">42<span></span>
</td>
<td class="nump">45<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding', window );">Number of issues | issue</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">12<span></span>
</td>
<td class="nump">13<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod', window );">Remaining weighted average contract period (in years)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">6 years 7 months 6 days<span></span>
</td>
<td class="text">7 years 3 months 18 days<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal', window );">Principal</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">$ 1,192<span></span>
</td>
<td class="nump">$ 1,546<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest', window );">Interest</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">1,914<span></span>
</td>
<td class="nump">2,107<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding', window );">Total</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">3,106<span></span>
</td>
<td class="nump">3,653<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability', window );">Gross claim liability</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries', window );">Less: Gross potential recoveries</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[4]</sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount', window );">Discount, net</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[5]</sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiabilityRecoverable', window );">Net claim liability (recoverable)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue', window );">Unearned premium revenue</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 6<span></span>
</td>
<td class="nump">$ 6<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_SurveillanceCategoriesAxis=mbi_CautionListMediumMember', window );">Caution List Medium [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseReservesLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NumberOfPolicies', window );">Number of policies | policy</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">18<span></span>
</td>
<td class="nump">19<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding', window );">Number of issues | issue</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">5<span></span>
</td>
<td class="nump">5<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod', window );">Remaining weighted average contract period (in years)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">7 years 1 month 6 days<span></span>
</td>
<td class="text">7 years 2 months 12 days<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal', window );">Principal</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">$ 224<span></span>
</td>
<td class="nump">$ 248<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest', window );">Interest</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">99<span></span>
</td>
<td class="nump">110<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding', window );">Total</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">323<span></span>
</td>
<td class="nump">358<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability', window );">Gross claim liability</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries', window );">Less: Gross potential recoveries</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[4]</sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount', window );">Discount, net</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[5]</sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiabilityRecoverable', window );">Net claim liability (recoverable)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue', window );">Unearned premium revenue</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 3<span></span>
</td>
<td class="nump">$ 3<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_SurveillanceCategoriesAxis=mbi_CautionListHighMember', window );">Caution List High [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseReservesLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NumberOfPolicies', window );">Number of policies | policy</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding', window );">Number of issues | issue</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal', window );">Principal</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest', window );">Interest</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding', window );">Total</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability', window );">Gross claim liability</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries', window );">Less: Gross potential recoveries</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[4]</sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount', window );">Discount, net</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[5]</sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiabilityRecoverable', window );">Net claim liability (recoverable)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue', window );">Unearned premium revenue</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_SurveillanceCategoriesAxis=mbi_ClassifiedListMember', window );">Classified List [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseReservesLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NumberOfPolicies', window );">Number of policies | policy</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">219<span></span>
</td>
<td class="nump">212<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding', window );">Number of issues | issue</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">99<span></span>
</td>
<td class="nump">94<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod', window );">Remaining weighted average contract period (in years)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">7 years 8 months 12 days<span></span>
</td>
<td class="text">7 years 10 months 24 days<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal', window );">Principal</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">$ 3,736<span></span>
</td>
<td class="nump">$ 3,794<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest', window );">Interest</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">1,566<span></span>
</td>
<td class="nump">1,668<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding', window );">Total</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">5,302<span></span>
</td>
<td class="nump">5,462<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability', window );">Gross claim liability</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="nump">1,068<span></span>
</td>
<td class="nump">965<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries', window );">Less: Gross potential recoveries</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[4]</sup></td>
<td class="nump">1,781<span></span>
</td>
<td class="nump">2,184<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount', window );">Discount, net</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[5]</sup></td>
<td class="num">(91)<span></span>
</td>
<td class="num">(453)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiabilityRecoverable', window );">Net claim liability (recoverable)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(622)<span></span>
</td>
<td class="num">(766)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue', window );">Unearned premium revenue</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 38<span></span>
</td>
<td class="nump">$ 39<span></span>
</td>
</tr>
<tr><td colspan="3"></td></tr>
<tr><td colspan="3"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">An &#8220;issue&#8221; represents the aggregate of financial guarantee policies that share the same revenue source for purposes of making debt service payments on the insured debt.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top">Represents contractual principal and interest payments due by the issuer of the obligations insured by MBIA.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[3]</td>
<td style="vertical-align: top;" valign="top">The gross claim liability with respect to Puerto Rico exposures are net of expected recoveries for policies in a net payable position.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[4]</td>
<td style="vertical-align: top;" valign="top">Gross potential recoveries with respect to certain Puerto Rico exposures are net of the claim liability for policies in a net recoverable position.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[5]</td>
<td style="vertical-align: top;" valign="top">Represents discount related to Gross Claim Liability and Gross Potential Recoveries.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[6]</td>
<td style="vertical-align: top;" valign="top">Included in &#8220;Other assets&#8221; on the Company&#8217;s consolidated balance sheets.</td>
</tr>
</table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_LossAndLossAdjustmentExpenseReservesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Loss And Loss Adjustment Expense Reserves [Line Items]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_LossAndLossAdjustmentExpenseReservesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_NumberOfPolicies">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number Of Policies</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_NumberOfPolicies</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiabilityRecoverable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Schedule of insured financial obligations with credit deterioration net claim liability recoverable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiabilityRecoverable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Remaining weighted average contract period of financial guarantee insurance contracts, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 40<br> -Section 55<br> -Paragraph 32<br> -URI http://asc.fasb.org/extlink&amp;oid=99379334&amp;loc=SL5751133-161288<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 40<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a)(5)(ii)<br> -URI http://asc.fasb.org/extlink&amp;oid=99382878&amp;loc=SL5749324-161292<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ReinsuranceRecoverablesOnPaidAndUnpaidLosses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after valuation allowance, recoverable under reinsurance contracts. Examples include, but are not limited to, settled and unsettled claims, incurred but not reported losses, loss adjustment expense, policy benefits and policy reserves. Excludes premiums paid under reinsurance contracts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 310<br> -Section 45<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=99404803&amp;loc=d3e21412-158489<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 310<br> -Section 45<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=99404803&amp;loc=d3e21409-158489<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 20<br> -Section 50<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=99397103&amp;loc=d3e6824-158387<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 825<br> -Section 50<br> -Paragraph 1B<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=99380617&amp;loc=SL75241803-196195<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ReinsuranceRecoverablesOnPaidAndUnpaidLosses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This element represents the gross claim liability for financial guarantee insurance contracts presented in the context of each surveillance grouping or category used by management to monitor and track potential deterioration in the credit worthiness of the insured party's ability to meet its financial obligations related to the contracts underlying financial guarantee insurance contracts the entity has issued.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 40<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a)(5)(iv)<br> -URI http://asc.fasb.org/extlink&amp;oid=99382878&amp;loc=SL5749324-161292<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 40<br> -Section 55<br> -Paragraph 32<br> -URI http://asc.fasb.org/extlink&amp;oid=99379334&amp;loc=SL5751133-161288<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This element represents the amount of insured contractual payments outstanding on the underlying insured obligations for financial guarantee insurance contracts presented in the context of each surveillance grouping or category used by management to monitor and track potential deterioration in the credit worthiness of the insured party's ability to meet its financial obligations related to the contracts underlying financial guarantee insurance contracts the entity has issued.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 40<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a)(5)(iii)<br> -URI http://asc.fasb.org/extlink&amp;oid=99382878&amp;loc=SL5749324-161292<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 40<br> -Section 55<br> -Paragraph 32<br> -URI http://asc.fasb.org/extlink&amp;oid=99379334&amp;loc=SL5751133-161288<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This element represents the amount of insured contractual payments outstanding attributable to interest accrued on the underlying insured obligations for financial guarantee insurance contracts presented in the context of each surveillance grouping or category used by management to monitor and track potential deterioration in the credit worthiness of the insured party's ability to meet its financial obligations related to the contracts underlying financial guarantee insurance contracts the entity has issued.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 40<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a)(5)(iii)<br> -URI http://asc.fasb.org/extlink&amp;oid=99382878&amp;loc=SL5749324-161292<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 40<br> -Section 55<br> -Paragraph 32<br> -URI http://asc.fasb.org/extlink&amp;oid=99379334&amp;loc=SL5751133-161288<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This element represents the amount of insured contractual payments outstanding attributable to the principal of the underlying insured obligations for financial guarantee insurance contracts presented in the context of each surveillance grouping or category used by management to monitor and track potential deterioration in the credit worthiness of the insured party's ability to meet its financial obligations related to the contracts underlying financial guarantee insurance contracts the entity has issued.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 40<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a)(5)(iii)<br> -URI http://asc.fasb.org/extlink&amp;oid=99382878&amp;loc=SL5749324-161292<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 40<br> -Section 55<br> -Paragraph 32<br> -URI http://asc.fasb.org/extlink&amp;oid=99379334&amp;loc=SL5751133-161288<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This element represents the number of issued and outstanding contracts for each surveillance grouping or category used by management to monitor and track potential deterioration in the credit worthiness of the insured party's ability to meet its financial obligations related to the contracts underlying financial guarantee insurance contracts the entity has issued.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 40<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a)(5)(i)<br> -URI http://asc.fasb.org/extlink&amp;oid=99382878&amp;loc=SL5749324-161292<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 40<br> -Section 55<br> -Paragraph 32<br> -URI http://asc.fasb.org/extlink&amp;oid=99379334&amp;loc=SL5751133-161288<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This element represents the gross potential recoveries against the gross claim liability for financial guarantee insurance contracts presented in the context of each surveillance grouping or category used by management to monitor and track potential deterioration in the credit worthiness of the insured party's ability to meet its financial obligations related to the contracts underlying financial guarantee insurance contracts the entity has issued.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 40<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a)(5)(v)<br> -URI http://asc.fasb.org/extlink&amp;oid=99382878&amp;loc=SL5749324-161292<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 40<br> -Section 55<br> -Paragraph 32<br> -URI http://asc.fasb.org/extlink&amp;oid=99379334&amp;loc=SL5751133-161288<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This element represents the net discount consisting of the difference between the discount related to the claim liability for and potential recoveries thereof related to financial guarantee insurance contracts presented in the context of each surveillance grouping or category used by management to monitor and track potential deterioration in the credit worthiness of the insured party's ability to meet its financial obligations related to the contracts underlying financial guarantee insurance contracts the entity has issued.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 40<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a)(5)(vi)<br> -URI http://asc.fasb.org/extlink&amp;oid=99382878&amp;loc=SL5749324-161292<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 40<br> -Section 55<br> -Paragraph 32<br> -URI http://asc.fasb.org/extlink&amp;oid=99379334&amp;loc=SL5751133-161288<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This element represents the amount of unearned premium revenue, reported on or included in the statement of financial position, related to financial guarantee insurance contracts and presented in the schedule of insured financial obligations with credit deterioration in the context of each surveillance grouping or category used by management to monitor and track potential deterioration in the credit worthiness of the insured party's ability to meet its financial obligations related to the contracts underlying financial guarantee insurance contracts the entity has issued.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 40<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a)(5)(ix)<br> -URI http://asc.fasb.org/extlink&amp;oid=99382878&amp;loc=SL5749324-161292<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 40<br> -Section 55<br> -Paragraph 32<br> -URI http://asc.fasb.org/extlink&amp;oid=99379334&amp;loc=SL5751133-161288<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_SurveillanceCategoriesAxis=mbi_CautionListLowMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_SurveillanceCategoriesAxis=mbi_CautionListLowMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_SurveillanceCategoriesAxis=mbi_CautionListMediumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_SurveillanceCategoriesAxis=mbi_CautionListMediumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6860052112">
<tr>
<th class="tl" colspan="2" rowspan="1"><div style="width: 200px;"><strong>Derivative Instruments (Total Fair Value Of Company's Derivative Assets And Liabilities By Instrument And Balance Sheet Location, Before Counterparty Netting) (Detail) - Not Designated as Hedging Instrument [Member] - Derivative Instrument [Member] - USD ($)<br> $ in Millions</strong></div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 2,490<span></span>
</td>
<td class="nump">$ 2,607<span></span>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue', window );">Derivative Assets, Not designated, Fair Value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">19<span></span>
</td>
<td class="nump">9<span></span>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue', window );">Derivative Liabilities, Not designated, Fair Value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="num">(247)<span></span>
</td>
<td class="num">(190)<span></span>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember', window );">Insured credit default swaps [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">24<span></span>
</td>
<td class="nump">32<span></span>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember', window );">Insured credit default swaps [Member] | Other assets [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue', window );">Derivative Assets, Not designated, Fair Value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember', window );">Insured credit default swaps [Member] | Derivative liabilities [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue', window );">Derivative Liabilities, Not designated, Fair Value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="num">(8)<span></span>
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<td class="num">(7)<span></span>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember', window );">Insured swaps [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,694<span></span>
</td>
<td class="nump">1,795<span></span>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember', window );">Insured swaps [Member] | Other assets [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue', window );">Derivative Assets, Not designated, Fair Value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember', window );">Insured swaps [Member] | Derivative liabilities [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue', window );">Derivative Liabilities, Not designated, Fair Value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="num">(2)<span></span>
</td>
<td class="num">(2)<span></span>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember', window );">Interest rate swaps [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">439<span></span>
</td>
<td class="nump">441<span></span>
</td>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember', window );">Interest rate swaps [Member] | Other assets [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue', window );">Derivative Assets, Not designated, Fair Value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">1<span></span>
</td>
<td class="nump">1<span></span>
</td>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember', window );">Interest rate swaps [Member] | Derivative liabilities [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue', window );">Derivative Liabilities, Not designated, Fair Value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="num">(190)<span></span>
</td>
<td class="num">(132)<span></span>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember', window );">Interest rate swaps-embedded [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">227<span></span>
</td>
<td class="nump">232<span></span>
</td>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember', window );">Interest rate swaps-embedded [Member] | Medium-term notes [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue', window );">Derivative Assets, Not designated, Fair Value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue', window );">Derivative Liabilities, Not designated, Fair Value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="num">(10)<span></span>
</td>
<td class="num">(15)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember', window );">Currency swaps-VIE [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">57<span></span>
</td>
<td class="nump">58<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember', window );">Currency swaps-VIE [Member] | Other assets-VIE [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue', window );">Derivative Assets, Not designated, Fair Value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">18<span></span>
</td>
<td class="nump">8<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember', window );">Currency swaps-VIE [Member] | Derivative liabilities-VIE [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue', window );">Derivative Liabilities, Not designated, Fair Value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember', window );">All other [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">49<span></span>
</td>
<td class="nump">49<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember', window );">All other [Member] | Other assets [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue', window );">Derivative Assets, Not designated, Fair Value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember', window );">All other [Member] | Derivative liabilities [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue', window );">Derivative Liabilities, Not designated, Fair Value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="num">$ (37)<span></span>
</td>
<td class="num">$ (34)<span></span>
</td>
</tr>
<tr><td colspan="3"></td></tr>
<tr><td colspan="3"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">In accordance with the accounting guidance for derivative instruments and hedging activities, the balance sheet location of the Company&#8217;s embedded derivative instruments is determined by the location of the related host contract.</td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of derivative Asset Not Designated As Hedging Instrument, presented on a gross basis even when the derivative instrument is subject to master netting arrangements and qualifies for net presentation in the statement of financial position.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of derivative liability Not Designated As Hedging Instrument, presented on a gross basis even when the derivative instrument is subject to master netting arrangements and qualifies for net presentation in the statement of financial position.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeNotionalAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Nominal or face amount used to calculate payment on derivative.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1B<br> -URI http://asc.fasb.org/extlink&amp;oid=109980867&amp;loc=SL5580258-113959<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=109980867&amp;loc=SL5579245-113959<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeNotionalAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_DerivativeInstrumentDetailsAxis=mbi_DerivativeInstrumentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_DerivativeInstrumentDetailsAxis=mbi_DerivativeInstrumentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentRiskAxis=us-gaap_CreditDefaultSwapMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeInstrumentRiskAxis=us-gaap_CreditDefaultSwapMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BalanceSheetLocationAxis=us-gaap_OtherAssetsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BalanceSheetLocationAxis=us-gaap_OtherAssetsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BalanceSheetLocationAxis=mbi_DerivativeLiabilitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BalanceSheetLocationAxis=mbi_DerivativeLiabilitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentRiskAxis=mbi_InsuredSwapsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeInstrumentRiskAxis=mbi_InsuredSwapsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateSwapMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateSwapMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentRiskAxis=mbi_InterestRateSwapsEmbeddedMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeInstrumentRiskAxis=mbi_InterestRateSwapsEmbeddedMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BalanceSheetLocationAxis=us-gaap_MediumTermNotesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BalanceSheetLocationAxis=us-gaap_MediumTermNotesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentRiskAxis=mbi_CurrencySwapsVieMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeInstrumentRiskAxis=mbi_CurrencySwapsVieMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BalanceSheetLocationAxis=mbi_OtherAssetsVieMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BalanceSheetLocationAxis=mbi_OtherAssetsVieMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BalanceSheetLocationAxis=mbi_DerivativeLiabilitiesVIEMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BalanceSheetLocationAxis=mbi_DerivativeLiabilitiesVIEMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentRiskAxis=mbi_AllOtherMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeInstrumentRiskAxis=mbi_AllOtherMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>40
<FILENAME>R66.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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</head>
<body>
<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6654345008">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Business Segments (Narrative) (Detail)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th">
<div>Mar. 31, 2020 </div>
<div>segments</div>
</th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_DisclosureBusinessSegmentsSummaryOfCompanysSegmentResultsAbstract', window );"><strong>Disclosure Business Segments Summary Of Companys Segment Results [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NumberOfOperatingSegments', window );">Number of operating segments</a></td>
<td class="nump">3<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_DisclosureBusinessSegmentsSummaryOfCompanysSegmentResultsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure - Business Segments (Summary Of Company's Segment Results) [Abstract]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_DisclosureBusinessSegmentsSummaryOfCompanysSegmentResultsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NumberOfOperatingSegments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of operating segments. An operating segment is a component of an enterprise: (a) that engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same enterprise), (b) whose operating results are regularly reviewed by the enterprise's chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance, and (c) for which discrete financial information is available. An operating segment may engage in business activities for which it has yet to earn revenues, for example, start-up operations may be operating segments before earning revenues.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NumberOfOperatingSegments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>41
<FILENAME>R50.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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							e.nextSibling.style.display='block';
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							}</script>
</head>
<body>
<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6797872560">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Investments (Narrative) (Detail)<br> $ in Millions</strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr>
<th class="th">
<div>Mar. 31, 2020 </div>
<div>USD ($) </div>
<div>security</div>
</th>
<th class="th">
<div>Dec. 31, 2019 </div>
<div>USD ($) </div>
<div>security</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInvestmentsLineItems', window );"><strong>Schedule Of Investments [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueOfSecuritiesOnDepositWithVariousRegulatoryAuthorities', window );">Fair value of securities on deposit with various regulatory authorities</a></td>
<td class="nump">$ 11<span></span>
</td>
<td class="nump">$ 11<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SecurityOwnedAndPledgedAsCollateralFairValue', window );">Fair value of securities pledged as collateral</a></td>
<td class="nump">$ 299<span></span>
</td>
<td class="nump">$ 313<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod', window );">Number of securities in unrealized loss position for a continuous 12 month period | security</a></td>
<td class="nump">42<span></span>
</td>
<td class="nump">63<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_PercentageOfSecuritiesBookValueExceededMarketValue', window );">Rate that a security's fair value is below book value</a></td>
<td class="nump">5.00%<span></span>
</td>
<td class="nump">5.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CollateralAxis=us-gaap_CollateralPledgedMember', window );">Collateral Pledged [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInvestmentsLineItems', window );"><strong>Schedule Of Investments [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Cash', window );">Cash</a></td>
<td class="nump">$ 8<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InvestmentNotesAxis=mbi_SecuritiesInUnrealizedLossPositionMember', window );">Securities In Unrealized Loss Position [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInvestmentsLineItems', window );"><strong>Schedule Of Investments [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_WeightedAverageContractualMaturityPeriodOfSecuritiesUnrealizedLossPosition', window );">Weighted average contractual maturity period in years for securities in an unrealized loss position</a></td>
<td class="text">8 years<span></span>
</td>
<td class="text">10 years<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=mbi_FairValueBelowBookValueGreaterThanFivePercentMember', window );">Fair Value Below Book Value Greater Than Five Percent [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInvestmentsLineItems', window );"><strong>Schedule Of Investments [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod', window );">Number of securities in unrealized loss position for a continuous 12 month period | security</a></td>
<td class="nump">41<span></span>
</td>
<td class="nump">16<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_FairValueOfSecuritiesOnDepositWithVariousRegulatoryAuthorities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair Value Of Securities On Deposit With Various Regulatory Authorities</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_FairValueOfSecuritiesOnDepositWithVariousRegulatoryAuthorities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure regarding factors used to determine that the impairment of securities not categorized as trading securities (hence equal to available for sale and held to maturity securities) where cost exceeds fair value. This item contains disclosure of the number of investment positions in the investments determined to be temporarily impaired.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_PercentageOfSecuritiesBookValueExceededMarketValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage that a security's fair value is below its book value on available-for-sale and held-to-maturity securities. This percentage is used as a severity threshold for disclosing information about securities in an unrealized loss position for a continuous 12 month period or longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_PercentageOfSecuritiesBookValueExceededMarketValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_WeightedAverageContractualMaturityPeriodOfSecuritiesUnrealizedLossPosition">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This element represents the weighted average contractual maturity period in years for securities in an unrealized loss position.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_WeightedAverageContractualMaturityPeriodOfSecuritiesUnrealizedLossPosition</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Cash">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 946<br> -SubTopic 210<br> -Section 45<br> -Paragraph 20<br> -URI http://asc.fasb.org/extlink&amp;oid=118262064&amp;loc=SL116631418-115840<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 946<br> -SubTopic 210<br> -Section 45<br> -Paragraph 21<br> -URI http://asc.fasb.org/extlink&amp;oid=118262064&amp;loc=SL116631419-115840<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Cash</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfInvestmentsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfInvestmentsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SecurityOwnedAndPledgedAsCollateralFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of financial instrument held by the entity for its own account (proprietary securities) for trading or investment purposes that are carried at fair value and pledged to counterparties as collateral for financing transactions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 30<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (b)(1)(i)<br> -URI http://asc.fasb.org/extlink&amp;oid=109249958&amp;loc=SL6224234-111729<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=66007379&amp;loc=d3e113888-111728<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SecurityOwnedAndPledgedAsCollateralFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CollateralAxis=us-gaap_CollateralPledgedMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CollateralAxis=us-gaap_CollateralPledgedMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_InvestmentNotesAxis=mbi_SecuritiesInUnrealizedLossPositionMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_InvestmentNotesAxis=mbi_SecuritiesInUnrealizedLossPositionMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=mbi_FairValueBelowBookValueGreaterThanFivePercentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=mbi_FairValueBelowBookValueGreaterThanFivePercentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Consolidated Statements Of Operations (Unaudited) (Parenthetical) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
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<tr>
<th class="th"><div>Mar. 31, 2020</div></th>
<th class="th"><div>Mar. 31, 2019</div></th>
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</tr>
</table>
<div style="display: none;">
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of earned premiums ceded to other entities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 235<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.12-17(Column C))<br> -URI http://asc.fasb.org/extlink&amp;oid=34713774&amp;loc=d3e574992-122915<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637232&amp;loc=SL114874131-224263<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 605<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=6486672&amp;loc=d3e27261-158547<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 605<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=84167274&amp;loc=d3e27175-158546<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 605<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=6486672&amp;loc=d3e27261-158547<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 605<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=6486672&amp;loc=d3e27261-158547<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CededPremiumsEarned</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td>duration</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ProductOrServiceAxis=us-gaap_FinancialGuaranteeInsuranceSegmentMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Cover Page - shares<br></strong></div></th>
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<tr>
<th class="th"><div>Mar. 31, 2020</div></th>
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<td class="text">0000814585<span></span>
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</td>
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<td class="text">false<span></span>
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</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Mar. 31,  2020<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCurrentReportingStatus', window );">Entity Current Reporting Status</a></td>
<td class="text">Yes<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityInteractiveDataCurrent', window );">Entity Interactive Data Current</a></td>
<td class="text">Yes<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">MBI<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">MBIA INC<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityFilerCategory', window );">Entity Filer Category</a></td>
<td class="text">Large Accelerated Filer<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntitySmallBusiness', window );">Entity Small Business</a></td>
<td class="text">false<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityShellCompany', window );">Entity Shell Company</a></td>
<td class="text">false<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCommonStockSharesOutstanding', window );">Entity Common Stock, Shares Outstanding</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">67,699,960<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Common Stock<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">1-9583<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">06-1185706<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">1 Manhattanville Road, Suite 301<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">Purchase<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="text">NY<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">10577<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation, State or Country Code</a></td>
<td class="text">CT<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">914<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">273-4545<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<td>xbrli:booleanItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
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<td>duration</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
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<td><strong> Balance Type:</strong></td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CoverAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cover page.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CoverAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CurrentFiscalYearEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>End date of current fiscal year in the format --MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CurrentFiscalYearEndDate</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentFiscalPeriodFocus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fiscal period values are FY, Q1, Q2, and Q3.  1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentFiscalPeriodFocus</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentFiscalYearFocus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentFiscalYearFocus</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented.  If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentQuarterlyReport">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true only for a form used as an quarterly report.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 10-Q<br> -Number 240<br> -Section 13<br> -Subsection a-13<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentQuarterlyReport</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentTransitionReport">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true only for a form used as a transition report.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Forms 10-K, 10-Q, 20-F<br> -Number 240<br> -Section 13<br> -Subsection a-1-<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentTransitionReport</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCityOrTown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCityOrTown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressStateOrProvince">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Name of the state or province.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressStateOrProvince</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:stateOrProvinceItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCommonStockSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCommonStockSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCurrentReportingStatus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCurrentReportingStatus</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fileNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFilerCategory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFilerCategory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:filerCategoryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityInteractiveDataCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation S-T<br> -Number 232<br> -Section 405<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityInteractiveDataCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityShellCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityShellCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntitySmallBusiness">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicates that the company is a Smaller Reporting Company (SRC).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntitySmallBusiness</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityTaxIdentificationNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityTaxIdentificationNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:employerIdItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LocalPhoneNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_Security12bTitle">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Title of a 12(b) registered security.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_Security12bTitle</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:securityTitleItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SecurityExchangeName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Name of the Exchange on which a security is registered.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection d1-1<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SecurityExchangeName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarExchangeCodeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_TradingSymbol">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_TradingSymbol</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:tradingSymbolItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>44
<FILENAME>R54.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6651826384">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Investments (Distribution Of Securities By Percentage Of Fair Value Below Book Value By More Than 5% For A Continuous Twelve Month Period Or Longer) (Detail) - Unrealized loss position &gt; 12 months<br> $ in Millions</strong></div></th>
<th class="th">
<div>Mar. 31, 2020 </div>
<div>USD ($) </div>
<div>security</div>
</th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=mbi_GreaterThanFivePercentToFifteenPercentMember', window );">&gt; 5% To 15% [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1', window );">Number of available-for-sale securities in unrealized loss position | security</a></td>
<td class="nump">8<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost', window );">Fixed-maturity securities held as available-for-sale, amortized cost</a></td>
<td class="nump">$ 21<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Available For Sale Securities</a></td>
<td class="nump">$ 20<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesAbstract', window );"><strong>Held To Maturity Securities [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_PercentageOfFairValueBelowBookValueMinimum', window );">Percentage Of Fair Value Below Book Value Minimum</a></td>
<td class="nump">5.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_PercentageOfFairValueBelowBookValueMaximum', window );">Percentage Of Fair Value Below Book Value Maximum</a></td>
<td class="nump">15.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=mbi_GreaterThanFifteenPercentToTwentyFivePercentMember', window );">&gt; 15% To 25% [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1', window );">Number of available-for-sale securities in unrealized loss position | security</a></td>
<td class="nump">18<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost', window );">Fixed-maturity securities held as available-for-sale, amortized cost</a></td>
<td class="nump">$ 48<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Available For Sale Securities</a></td>
<td class="nump">$ 38<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesAbstract', window );"><strong>Held To Maturity Securities [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_PercentageOfFairValueBelowBookValueMinimum', window );">Percentage Of Fair Value Below Book Value Minimum</a></td>
<td class="nump">15.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_PercentageOfFairValueBelowBookValueMaximum', window );">Percentage Of Fair Value Below Book Value Maximum</a></td>
<td class="nump">25.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=mbi_GreaterThanTwentyFivePercentToFiftyPercentMember', window );">&gt; 25% To 50% [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1', window );">Number of available-for-sale securities in unrealized loss position | security</a></td>
<td class="nump">13<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost', window );">Fixed-maturity securities held as available-for-sale, amortized cost</a></td>
<td class="nump">$ 33<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Available For Sale Securities</a></td>
<td class="nump">$ 21<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesAbstract', window );"><strong>Held To Maturity Securities [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_PercentageOfFairValueBelowBookValueMinimum', window );">Percentage Of Fair Value Below Book Value Minimum</a></td>
<td class="nump">25.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_PercentageOfFairValueBelowBookValueMaximum', window );">Percentage Of Fair Value Below Book Value Maximum</a></td>
<td class="nump">50.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=mbi_GreaterThanFiftyPercentMember', window );">&gt; 50% [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1', window );">Number of available-for-sale securities in unrealized loss position | security</a></td>
<td class="nump">2<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost', window );">Fixed-maturity securities held as available-for-sale, amortized cost</a></td>
<td class="nump">$ 0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Available For Sale Securities</a></td>
<td class="nump">$ 0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesAbstract', window );"><strong>Held To Maturity Securities [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_PercentageOfFairValueBelowBookValueMinimum', window );">Percentage Of Fair Value Below Book Value Minimum</a></td>
<td class="nump">50.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=mbi_FairValueBelowBookValueGreaterThanFivePercentMember', window );">Greater Than 5% [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1', window );">Number of available-for-sale securities in unrealized loss position | security</a></td>
<td class="nump">41<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost', window );">Fixed-maturity securities held as available-for-sale, amortized cost</a></td>
<td class="nump">$ 102<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Available For Sale Securities</a></td>
<td class="nump">$ 79<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_PercentageOfFairValueBelowBookValueMaximum">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage Of Fair Value Below Book Value Maximum</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_PercentageOfFairValueBelowBookValueMaximum</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_PercentageOfFairValueBelowBookValueMinimum">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage Of Fair Value Below Book Value Minimum</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_PercentageOfFairValueBelowBookValueMinimum</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of investment in debt and equity securities categorized neither as held-to-maturity nor trading.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6694139152">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Business Developments and Risks and Uncertainties<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
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<tr><th class="th"><div>Mar. 31, 2020</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NatureOfOperations', window );">Business Developments and Risks and Uncertainties</a></td>
<td class="text"><div id="toc893688_9" style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 12pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 1: Business Developments and Risks and Uncertainties </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Summary </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Inc., together with its consolidated subsidiaries, (collectively, &#8220;MBIA&#8221; or the &#8220;Company&#8221;) operates within the financial guarantee insurance industry. MBIA manages three operating segments: 1) United States (&#8220;U.S.&#8221;) public finance insurance; 2) corporate; and 3) international and structured finance insurance. The Company&#8217;s U.S. public finance insurance business is managed through National Public Finance Guarantee Corporation (&#8220;National&#8221;), the corporate segment is operated through MBIA Inc. and several of its subsidiaries, including its service company, MBIA Services Corporation (&#8220;MBIA Services&#8221;) and its international and structured finance insurance business is primarily operated through MBIA Insurance Corporation and its subsidiaries (&#8220;MBIA Corp.&#8221;). </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Refer to &#8220;Note 10: Business Segments&#8221; for further information about the Company&#8217;s operating segments. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Business Developments </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Puerto Rico </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On January&#160;1, 2020, the Commonwealth of Puerto Rico and certain of its instrumentalities (&#8220;Puerto Rico&#8221;) defaulted on scheduled debt service for National insured bonds and National paid gross claims in the aggregate of $59&#160;million. As of March&#160;31, 2020, National had $3.3&#160;billion of debt service outstanding related to Puerto Rico. Refer to the &#8220;Risks and Uncertainties&#8221; section below for additional information on the Company&#8217;s Puerto Rico exposures. </div></div> <div style="text-align: left; text-indent: 0%; font-family: Arial; font-size: 10pt; text-decoration: none; margin-top: 18pt; margin-bottom: 0px; margin-left: 0%;"><div style="text-decoration:underline;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">PREPA RSA </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">In September of 2019, National agreed to join the restructuring support agreement, as amended (&#8220;RSA&#8221;), with the Puerto Rico Electric Power Authority (&#8220;PREPA&#8221;), other monoline insurers, a group of uninsured PREPA bondholders, Puerto Rico, and the Financial Oversight and Management Board for Puerto Rico (the &#8220;Oversight Board&#8221;). The Rule 9019 hearing to approve the RSA has been delayed several times, and most recently was adjourned due to the outbreak of the novel coronavirus <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19</div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">(&#8220;COVID-19&#8221;)</div> until further notice. The Oversight Board and the Commonwealth have been ordered to submit a status report to the Title III court on May&#160;15, 2020. The debt restructuring contemplated by the RSA will not be effective until (i)&#160;confirmation of a plan of adjustment under the Puerto Rico Oversight, Management and Economic Stability Act (&#8220;PROMESA&#8221;), (ii) negotiation and consummation of definitive documentation and legal opinions, (iii)&#160;enactment and implementation of supportive Puerto Rico legislation and (iv)&#160;receipt of Puerto Rico regulatory approval, each of which outcome is uncertain and subject to varying degrees of risk.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Risks and Uncertainties </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company&#8217;s financial statements include estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses. The outcome of certain significant risks and uncertainties could cause the Company to revise its estimates and assumptions or could cause actual results to differ materially from the Company&#8217;s estimates. The discussion below highlights the significant risks and uncertainties that could have a material effect on the Company&#8217;s financial statements and business objectives in future periods. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19 </div> </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19,</div> a respiratory disease caused by a new strain of coronavirus, was declared a pandemic by the World Health Organization in March of 2020 and has spread globally. The pandemic has affected a wide range of economic activities, as well as domestic and global business and financial markets. The outbreak and its attendant governmental policy and social responses are evolving rapidly. Many states and municipalities have enacted various quarantining and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">&#8220;shelter-in-place&#8221;</div> regulations which severely limit economic activity and travel. The Company continues to perform all of its traditional operations, including surveilling and, as necessary, remediating, the credits in its insured portfolios.</div> <div style="text-align: left; text-indent: 0%; font-family: Arial; font-size: 10pt; text-decoration: none; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0%;"><div style="text-decoration:underline;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Insured portfolios </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">At this time it is not possible to comprehensively quantify the financial impact of the pandemic on the Company&#8217;s operating insurance companies&#8217; overall insured portfolios, or to account for the impact of the outbreak on most of the specific credits within those portfolios, due to, in part, challenges in determining whether and to what extent the underlying credits will be able or willing to continue to meet their debt service obligations or avoid long term impairment in this environment. Adverse impacts on macroeconomic factors resulting from the spread of <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19,</div> including without limitation reduced economic activity and certainty, increased unemployment, increased loan defaults or delinquencies, and increased stress on municipal budgets, including due to reduced tax revenues and the ability to raise taxes or limit spending, could materially and adversely affect the performance of the Company&#8217;s insured portfolios. The impact of the pandemic on National&#8217;s financial guarantee credits is likely to vary based on the nature of the taxes, fees and revenues pledged to debt repayment and their sensitivity to the related slowdown in economic activity. Several of the credits within National&#8217;s insured portfolio have made public pronouncements that the pandemic has had an impact on their economic status, without yet providing any specific quantification of the impact. The duration of the pandemic, the availability of federal aid to state and local governments, and the breadth and speed of economic recovery may all contribute to the ultimate degree and length of the economic stress incurred by the credits in National&#8217;s and MBIA Corp.&#8217;s insured portfolios. Further, any national recession that may result from the pandemic and its aftermath could present additional but yet unknown credit risks to National&#8217;s and MBIA Corp.&#8217;s insured portfolios.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Federal legislation passed to combat the economic impact of the pandemic, principally the $2.2 trillion Coronavirus Aid, Relief, and Economic Security (&#8220;CARES&#8221;) Act, and an additional nearly $500&#160;billion approved by Congress and the President in late April of 2020, included significant aid to public sector issuers including states, territories, healthcare, higher education and transportation issuers. In addition, the Federal Reserve has announced several actions in furtherance of its mandate from Congress to promote the stability of the financial system that are directly supportive of the municipal market. It is premature to assess whether these or any subsequent federal responses will prevent or reduce financial distress in the municipal sector. If the issuers of the obligations in National&#8217;s insured portfolio, including Puerto Rico, are unable to raise taxes, reduce spending, or receive federal assistance, the Company may experience new or additional losses or impairments on those obligations, which could materially and adversely affect its business, financial condition and financial results. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Certain of MBIA Corp.&#8217;s structured finance policies, including those in which the underlying principal obligations are comprised of residential or commercial mortgages and mortgage-backed securities (&#8220;MBS&#8221;), could be negatively impacted by delays or failures of borrowers to make payments of principal and interest when due, or delays or moratoriums on foreclosures or enforcement actions with respect to delinquent or defaulted mortgages imposed by governmental authorities. MBIA Corp. has recorded significant loss reserves on its residential mortgage-backed securities (&#8220;RMBS&#8221;) and collateralized debt obligations (&#8220;CDO&#8221;) exposures, and there can be no assurance that these reserves will be sufficient if the pandemic causes further deterioration to the economy. These transactions are also subject to servicer risks, which relate to problems with the transaction&#8217;s servicer that could adversely impact performance of the underlying assets. Additionally, several of the Company&#8217;s credits, particularly within its international public finance sector, feature large, near term debt-service payments, and there can be no assurance that the liquidity position of MBIA Corp. will enable it to satisfy any claims that arise if the issuers of such credits are unable or unwilling to refinance or repay their obligations. MBIA Corp. has recorded substantial expected recoveries on certain RMBS transactions, and the forbearance options available under the CARES Act for mortgage borrowers who are facing financial difficulties, may delay or impair collections on these recoveries. </div></div> <div style="text-align: left; text-indent: 0%; font-family: Arial; font-size: 10pt; text-decoration: none; margin-top: 18pt; margin-bottom: 0px; margin-left: 0%;"><div style="text-decoration:underline;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Liquidity </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The Company continues to monitor its cash and liquid asset resources using cash forecasting and stress-scenario testing. Members of the Company&#8217;s senior management meet regularly to review liquidity metrics, discuss contingency plans and establish target liquidity levels. It remains premature to predict the full impact the pandemic may have on the Company&#8217;s future liquidity position and needs. Declines in the market value or rating eligibility of assets pledged against the Company&#8217;s obligations as a result of credit market deterioration caused by <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19</div> require additional eligible assets to be pledged in order to meet minimum required collateral amounts against these obligations. This could require the Company to sell assets, potentially with substantial losses or use free cash or other assets to meet the collateral requirements, thus negatively impacting the Company&#8217;s liquidity position. Associated declines in the yields in its insurance companies&#8217; fixed-income portfolios could materially impact investment income.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">U.S. Public Finance Market Conditions </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">National continues to monitor and remediate its existing insured portfolio and may also pursue strategic alternatives that could enhance shareholder value. Certain state and local governments and territory obligors that National insures are under financial and budgetary stress. This could lead to an increase in defaults by such entities on the payment of their obligations and losses or impairments on a greater number of National&#8217;s insured transactions. National monitors and analyzes these situations and other stressed credits closely, and the overall extent and duration of this stress is uncertain. </div></div>  <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Puerto Rico had been experiencing significant fiscal stress and constrained liquidity, and in response, the U.S. Congress passed PROMESA, which established an independent Oversight Board vested with the sole power to certify fiscal plans for Puerto Rico. Any current proposed or contemplated plan, including any revisions thereto, can provide no assurance that National will fully recover past amounts paid or future amounts that may be covered under its insurance policies. In addition, the extent and duration of any federal aid that may be offered to Puerto Rico is inherently uncertain, and the necessary and greater involvement of the federal government, through its actions to deliver disaster relief and other support services, in addition to the role of the Oversight Board and the role of Puerto Rico in its own recovery, heightens political risk in connection with the restructuring of legacy debt. This risk could lead the Oversight Board, Puerto Rico or the federal government to seek to extract greater concessions from creditors based on the uncertainty of Puerto Rico&#8217;s long term recovery prospects. In this event, losses at National on select Puerto Rico exposures could increase materially. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Corp. Insured Portfolio </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Corp.&#8217;s primary objectives are to satisfy all claims by its policyholders and to maximize future recoveries, if any, for its senior lending and surplus note holders, and then its preferred stock holders. MBIA Corp. is executing this strategy by, among other things, pursuing various actions focused on maximizing the collection of recoveries and by reducing potential losses on its insurance exposures. MBIA Corp.&#8217;s insured portfolio performance could deteriorate and result in additional significant loss reserves and claim payments. MBIA Corp.&#8217;s ability to meet its obligations is limited by available liquidity and its ability to secure additional liquidity through financing and other transactions. There can be no assurance that MBIA Corp. will be successful in generating sufficient resources to meet its obligations. </div></div> <div style="text-align: left; text-indent: 0%; font-family: Arial; font-size: 10pt; text-decoration: none; margin-top: 18pt; margin-bottom: 0px; margin-left: 0%;"><div style="text-decoration:underline;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Zohar and RMBS Recoveries </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">Payment of claims on MBIA Corp.&#8217;s policies insuring the Class<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">&#160;A-1</div> and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">A-2</div> notes issued by Zohar CDO <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2003-1,</div> Limited (&#8220;Zohar I&#8221;) and Zohar II <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2005-1,</div> Limited (&#8220;Zohar II&#8221;), entitles MBIA Corp. to reimbursement of such amounts plus interest and expenses and/or to exercise certain rights and remedies to seek recovery of such amounts. MBIA Corp. anticipates that the primary source of the recoveries will come from the monetization of the assets of Zohar I and Zohar II (the &#8220;Zohar Assets&#8221;), which include, among other things, loans made to, and equity interests in, companies that, until late March 2020, were purportedly controlled and managed by the sponsor and former collateral manager of Zohar I and Zohar II (the &#8220;Zohar Sponsor&#8221;). In late March 2020, the Zohar Sponsor resigned as director and manager of all but one portfolio company, and Zohar I and Zohar II have nominated or elected, or are in talks regarding the engagement of, new directors and managers at these portfolio companies, although the Zohar Sponsor may continue to serve in some capacity at select portfolio companies until a replacement is put in place. There can be no assurance that the monetization of the Zohar Assets will yield amounts sufficient to permit MBIA Corp. to recover a substantial portion of the payments it made on Zohar I and Zohar II. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA Corp. also projects to collect excess spread from insured RMBS, and to recover proceeds from Credit Suisse Securities (USA) LLC and DLJ Mortgage Capital, Inc. (collectively, &#8220;Credit Suisse&#8221;) arising from its failure to repurchase ineligible loans that were included in a Credit Suisse sponsored RMBS transaction. However, the amount and timing of these recoveries and collections are uncertain. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Failure to collect its expected recoveries could impede MBIA Corp.&#8217;s ability to make payments when due on other policies. MBIA Corp. believes that if the New York State Department of Financial Services (&#8220;NYSDFS&#8221;) concludes at any time that MBIA Insurance Corporation will not be able to pay its policyholder claims, the NYSDFS would likely put MBIA Insurance Corporation into a rehabilitation or liquidation proceeding under Article 74 of the New York Insurance Law (&#8220;NYIL&#8221;) and/or take such other actions as the NYSDFS may deem necessary to protect the interests of MBIA Insurance Corporation&#8217;s policyholders. The determination to commence such a proceeding or take other such actions is within the exclusive control of the NYSDFS. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Given the separation of MBIA Inc. and MBIA Corp. as distinct legal entities, the absence of any cross defaults between the entities and the lack of reliance by MBIA Inc. on MBIA Corp. for dividends, the Company does not believe that a rehabilitation or liquidation proceeding with respect to MBIA Insurance Corporation would have any significant liquidity impact on MBIA Inc. Such a proceeding could have material adverse consequences for MBIA Corp., including the termination of insured credit default swaps (&#8220;CDS&#8221;) and other derivative contracts for which counterparties may assert market-based claims, the acceleration of debt obligations issued by affiliates and insured by MBIA Corp., the loss of control of MBIA Insurance Corporation to a rehabilitator or liquidator, and unplanned costs. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Refer to &#8220;Note 5: Loss and Loss Adjustment Expense Reserves&#8221; for additional information about MBIA Corp.&#8217;s recoveries. </div></div>  <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Corporate Liquidity </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Based on the Company&#8217;s projections of National&#8217;s dividends and other cash inflows, including potential additional releases under its tax sharing agreement and related tax escrow account (&#8220;Tax Escrow Account&#8221;), the Company expects that MBIA Inc. will have sufficient cash to satisfy its debt service and general corporate needs. However, MBIA Inc. continues to have liquidity risk that could be caused by interruption of or reduction in dividends or tax payments received from operating subsidiaries, deterioration in the performance of invested assets, impaired access to the capital markets, as well as other factors, which are not anticipated at this time. Furthermore, failure by MBIA Inc. to settle liabilities that are insured by MBIA Corp. could result in claims on MBIA Corp. </div></div> <span></span>
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<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
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<body>
<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6870461328">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Investments (Net Realized Gains (Losses) From Sales Of Available-For-Sale Securities) (Detail) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2020</div></th>
<th class="th"><div>Mar. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentsAbstract', window );"><strong>Investments [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt', window );">Proceeds from sales</a></td>
<td class="nump">$ 279<span></span>
</td>
<td class="nump">$ 683<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossAbstract', window );"><strong>Available For Sale Securities Realized Gain Loss [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesGrossRealizedGains', window );">Gross realized gains</a></td>
<td class="nump">11<span></span>
</td>
<td class="nump">5<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses', window );">Gross realized losses</a></td>
<td class="num">$ (8)<span></span>
</td>
<td class="num">$ (1)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesGrossRealizedGains">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This item represents the gross profit realized on the sale of debt or equity securities categorized neither as held-to-maturity nor trading securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesGrossRealizedGains</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This item represents the gross loss realized on the sale of debt or equity securities categorized neither as held-to-maturity nor trading securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow from sale of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=118954083&amp;loc=d3e26853-111562<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3151-108585<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 12<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3179-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
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<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6867641920">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Commitments and Contingencies (Lease Disclosures) (Detail)<br> $ in Millions</strong></div></th>
<th class="th">
<div>Mar. 31, 2020 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LesseeDisclosureAbstract', window );"><strong>Lessee Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeaseRightOfUseAsset', window );">Operating lease right of use asset</a></td>
<td class="nump">$ 21<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeaseLiabilityNoncurrent', window );">Operating lease liability</a></td>
<td class="nump">$ 21<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1', window );">Operating lease weighted average remaining lease term</a></td>
<td class="text">8 years 3 months 18 days<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent', window );">Operating lease weighted average discount rate percent</a></td>
<td class="nump">7.50%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDue', window );">Operating leases future minimum payments due</a></td>
<td class="nump">$ 31<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LesseeDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LesseeDisclosureAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeaseLiabilityNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Present value of lessee's discounted obligation for lease payments from operating lease, classified as noncurrent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888419&amp;loc=SL77918627-209977<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeaseLiabilityNoncurrent</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeaseRightOfUseAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of lessee's right to use underlying asset under operating lease.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888419&amp;loc=SL77918627-209977<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeaseRightOfUseAsset</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average discount rate for operating lease calculated at point in time.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (g)(4)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918686-209980<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 55<br> -Paragraph 53<br> -URI http://asc.fasb.org/extlink&amp;oid=77888399&amp;loc=SL77918982-209971<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average remaining lease term for operating lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 55<br> -Paragraph 53<br> -URI http://asc.fasb.org/extlink&amp;oid=77888399&amp;loc=SL77918982-209971<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (g)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=77888426&amp;loc=SL77918686-209980<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of required minimum rental payments for leases having an initial or remaining non-cancelable letter-terms in excess of one year.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77902758&amp;loc=d3e41502-112717<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 10<br> -Section 55<br> -Paragraph 40<br> -Subparagraph (Note 3)<br> -URI http://asc.fasb.org/extlink&amp;oid=82846649&amp;loc=d3e38371-112697<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeasesFutureMinimumPaymentsDue</td>
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6870565552">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Variable Interest Entities<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2020</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TextBlockAbstract', window );"><strong>Text Block [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock', window );">Variable Interest Entities</a></td>
<td class="text"><div id="toc893688_12" style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 4: Variable Interest Entities </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Primarily through MBIA&#8217;s international and structured finance insurance segment, the Company provides credit protection to issuers of obligations that may involve issuer-sponsored special purpose entities (&#8220;SPEs&#8221;). An SPE may be considered a variable interest entity (&#8220;VIE&#8221;) to the extent the SPE&#8217;s total equity at risk is not sufficient to permit the SPE to finance its activities without additional subordinated financial support or its equity investors lack any one of the following characteristics: (i)&#160;the power to direct the activities of the SPE that most significantly impact the entity&#8217;s economic performance or (ii)&#160;the obligation to absorb the expected losses of the entity or the right to receive the expected residual returns of the entity. A holder of a variable interest or interests in a VIE is required to assess whether it has a controlling financial interest, and thus is required to consolidate the entity as primary beneficiary. An assessment of a controlling financial interest identifies the primary beneficiary as the variable interest holder that has both of the following characteristics: (i)&#160;the power to direct the activities of the VIE that most significantly impact the entity&#8217;s economic performance and (ii)&#160;the obligation to absorb losses of the entity or the right to receive benefits from the entity that could potentially be significant to the VIE. The primary beneficiary is required to consolidate the VIE. An ongoing reassessment of controlling financial interest is required to be performed based on any substantive changes in facts and circumstances involving the VIE and its variable interests. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company evaluates issuer-sponsored SPEs initially to determine if an entity is a VIE, and is required to reconsider its initial determination if certain events occur. For all entities determined to be VIEs, MBIA performs an ongoing reassessment to determine whether its guarantee to provide credit protection on obligations issued by VIEs provides the Company with a controlling financial interest. Based on its ongoing reassessment of controlling financial interest, the Company determines whether a VIE is required to be consolidated or deconsolidated. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company makes its determination for consolidation based on a qualitative assessment of the purpose and design of a VIE, the terms and characteristics of variable interests of an entity, and the risks a VIE is designed to create and pass through to holders of variable interests. The Company generally provides credit protection on obligations issued by VIEs, and holds certain contractual rights according to the purpose and design of a VIE. The Company may have the ability to direct certain activities of a VIE depending on facts and circumstances, including the occurrence of certain contingent events, and these activities may be considered the activities of a VIE that most significantly impact the entity&#8217;s economic performance. The Company generally considers its guarantee of principal and interest payments of insured obligations, given nonperformance by a VIE, to be an obligation to absorb losses of the entity that could potentially be significant to the VIE. At the time the Company determines it has the ability to direct the activities of a VIE that most significantly impact the economic performance of the entity based on facts and circumstances, MBIA is deemed to have a controlling financial interest in the VIE and is required to consolidate the entity as primary beneficiary. The Company performs an ongoing reassessment of controlling financial interest that may result in consolidation or deconsolidation of any VIE. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Consolidated VIEs </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The carrying amounts of assets and liabilities of consolidated VIEs was $1.2&#160;billion, as of March&#160;31, 2020 and $1.6&#160;billion and $1.5&#160;billion, respectively, as of December&#160;31, 2019. The carrying amounts of assets and liabilities are presented separately in &#8220;Assets of consolidated variable interest entities&#8221; and &#8220;Liabilities of consolidated variable interest entities&#8221; on the Company&#8217;s consolidated balance sheets. VIEs are consolidated or deconsolidated based on an ongoing reassessment of controlling financial interest, when events occur or circumstances arise, and whether the ability to exercise rights that constitute power to direct activities of any VIEs are present according to the design and characteristics of these entities. In the first quarter of 2020, the Company deconsolidated one structured finance VIE due to the prepayment of the outstanding notes of the VIE. Also, in the first quarter of 2020, the Puerto Rico Sales Tax Financing Corporation (&#8220;COFINA&#8221;) Trusts established in 2019 were legally dissolved and the seven related VIEs were deconsolidated. There was no impact to the Company&#8217;s consolidated statement of operations for the first quarter of 2020 due to the deconsolidation of these VIEs. In the first quarter of 2019, the Company consolidated seven VIEs related to the Trusts established in connection with the COFINA Plan of Adjustment. On the initial consolidation of the Trusts, the Company recorded a loss of $42&#160;million, representing the difference between the fair value of the Company&#8217;s financial guarantee within the Trusts and the carrying value of the insurance related balances on the COFINA policies. During 2019, all of the uninsured bonds held in the Trusts were sold and the proceeds were used to reduce National&#8217;s obligations under its original insurance policies upon passing the proceeds through the Trusts to certificate holders. In addition, in 2019, National elected to make a voluntary additional payment in the amount of $66&#160;million with the effect of simultaneously reducing the Trust&#8217;s obligations to zero and satisfying in full the obligations under its original insurance policies. Consolidation and deconsolidation gains and losses are recorded within &#8220;Other net realized gains (losses)&#8221; under &#8220;Revenues of consolidated variable interest entities&#8221; on the Company&#8217;s consolidated statements of operations. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Holders of insured obligations of issuer-sponsored VIEs do not have recourse to the general assets of the Company. In the event of nonpayment of an insured obligation issued by a consolidated VIE, the Company is obligated to pay principal and interest, when due, on the respective insured obligation only. The Company&#8217;s exposure to consolidated VIEs is limited to the credit protection provided on insured obligations and any additional variable interests held by the Company. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Nonconsolidated VIEs </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following tables present the Company&#8217;s maximum exposure to loss for nonconsolidated VIEs and carrying values of the assets and liabilities for its interests in these VIEs in its insurance operations as of March&#160;31, 2020 and December&#160;31, 2019. The amounts included under the headings for the carrying value of assets and liabilities represent amounts reported within the applicable financial statement line items on the Company&#8217;s consolidated balance sheets. The maximum exposure to loss as a result of MBIA&#8217;s variable interests in VIEs is represented by insurance in force. Insurance in force is the maximum future payments of principal and interest which may be required under commitments to make payments on insured obligations issued by nonconsolidated VIEs. The Company has aggregated nonconsolidated VIEs based on the underlying credit exposure of the insured obligation. The nature of the Company&#8217;s variable interests in nonconsolidated VIEs is related to financial guarantees and any investments in obligations issued by nonconsolidated VIEs. </div></div>
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<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="22" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">March&#160;31, 2020 </div></div></div> </td>
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<tr style="font-size: 6pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; font-size: 6pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="10" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Carrying Value of Assets </div></div></div> </td>
<td style="padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td style="padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Carrying&#160;Value&#160;of&#160;Liabilities </div></div></div> </td>
<td style="padding-bottom: 0.5pt; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid;">
<td style="text-align: left; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"> <div style="text-align: left; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: inline-block; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions </div></div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Maximum<br/> Exposure<br/> to Loss </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Premiums<br/> Receivable </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Insurance&#160;Loss<br/> Recoverable </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Unearned<br/> Premium<br/> Revenue </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Loss&#160;and&#160;Loss<br/> Adjustment<br/> Expense<br/> Reserves </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Insurance: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Global structured finance: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Mortgage-backed residential </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">2,122 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">12 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">17 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">119 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">16 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">474 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Mortgage-backed commercial </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">21 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Consumer asset-backed </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">363 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">1 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">1 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">17 </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Corporate asset-backed </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">870 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">6 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">531 </div></div> </td>
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<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">7 </div></div> </td>
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<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">2 </div></div> </td>
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<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
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<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
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<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Total global structured finance </div></div> </td>
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<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">3,376 </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">12 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">24 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">651 </div></div> </td>
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<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">24 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">493 </div></div> </td>
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<tr style="font-size: 6pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Global public finance </div></div> </td>
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<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">1,723 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">8 </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Total insurance </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">5,099 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">12 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">32 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">651 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">32 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">493 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
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<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/>
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<td style="width: 82%; font-family: Arial; padding: 0px;"/>
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<td style="white-space: nowrap; font-family: Arial;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
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<td style="white-space: nowrap; font-family: Arial;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td style="font-family: Arial; padding: 0px;"/>
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<tr style="font-size: 6pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; font-size: 6pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="22" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">December&#160;31, 2019 </div></div></div> </td>
<td style="padding-bottom: 0.5pt; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; font-size: 6pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="10" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Carrying Value of Assets </div></div></div> </td>
<td style="padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td style="padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Carrying&#160;Value&#160;of&#160;Liabilities </div></div></div> </td>
<td style="padding-bottom: 0.5pt; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Loss&#160;and&#160;Loss </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Maximum </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Unearned </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Adjustment </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Exposure </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Premiums </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Insurance&#160;Loss </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Premium </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Expense </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid;">
<td style="text-align: left; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"> <div style="text-align: left; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: inline-block; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions </div></div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">to Loss </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Receivable </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Recoverable </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Revenue </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Reserves </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Insurance: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Global structured finance: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Mortgage-backed residential </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">2,253 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">15 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">19 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">107 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">16 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">436 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Mortgage-backed commercial </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">26 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Consumer asset-backed </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">384 </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">1 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">1 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
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<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">1 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">11 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Corporate asset-backed </div></div> </td>
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<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">937 </div></div> </td>
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<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">6 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">673 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">7 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
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<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
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<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
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<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
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<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Total global structured finance </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">3,600 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">15 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">26 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">781 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">24 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">447 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Global public finance </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">1,926 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">8 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">9 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Total insurance </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">5,526 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">15 </div></div> </td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.</p></div>
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6658287136">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Derivative Instruments<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
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<tr><th class="th"><div>Mar. 31, 2020</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock', window );">Derivative Instruments</a></td>
<td class="text"><div id="toc893688_16" style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 8: Derivative Instruments </div></div></div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">U.S. Public Finance Insurance </div></div></div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company&#8217;s derivative exposure within its U.S. public finance insurance operations primarily consists of insured interest rate and inflation-linked swaps related to insured U.S. public finance debt issues. These derivatives do not qualify for the financial guarantee scope exception and are accounted for as derivative instruments. Changes in the fair values of the Company&#8217;s insured derivatives within its U.S. Public Finance segment are included in &#8220;Net change in fair value of insured derivatives&#8221; on the Company&#8217;s consolidated statements of operations. </div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Corporate </div></div></div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company has entered into derivative instruments primarily consisting of interest rate swaps to manage the risks associated with fluctuations in interest rates affecting the value of certain assets. Changes in the fair values of the Company&#8217;s derivatives within its Corporate segment are included in &#8220;Net gains (losses) on financial instruments at fair value and foreign exchange&#8221; on the Company&#8217;s consolidated statements of operations. </div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">International and Structured Finance Insurance </div></div></div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company has entered into a derivative instrument to provide financial guarantee insurance to a structured finance transaction that does not qualify for the financial guarantee scope exception and, therefore, is accounted for as a derivative. The insured CDS contract, referencing CMBS, is intended to be held for the entire term of the contract unless a settlement with the counterparty is negotiated. The Company no longer insures new CDS contracts except for transactions related to the restructuring of existing exposures. The Company&#8217;s derivative exposure within its international and structured finance insurance segment also includes insured interest rate and inflation-linked swaps related to insured debt issues. Changes in the fair values of the Company&#8217;s insured derivatives within its International and Structured Finance segment are included in &#8220;Net change in fair value of insured derivatives&#8221; on the Company&#8217;s consolidated statements of operations. </div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;">The Company has also entered into a derivative contract in connection with the commutation of certain insurance exposure, which occurred in 2014. 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<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Credit Derivatives Sold</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Weighted<br/>Average<br/>Remaining<br/>Expected<br/>Maturity</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">AAA</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">AA</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">A</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">BBB</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Below<br/>Investment<br/>Grade</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Total<br/>Notional</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair<br/>Value<br/>Asset<br/>(Liability)</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Insured credit default swaps</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">0.8&#160;Years</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">24</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">24</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(8</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Insured swaps</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">15.0&#160;Years</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">64</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,256</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">374</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,694</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(2</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total notional</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">64</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,256</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">374</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">24</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,718</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td></tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;">&#160;</td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total fair value</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(1</div></td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(8</div></td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(10</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
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<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td></tr></table><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px; background: none;"/>
<table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
<tr style="visibility:hidden;line-height:0pt;color:white;">
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<td>&#160;</td></tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">$ in millions</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="31" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">As of December&#160;31, 2019</div></div></td></tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="27" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Notional Value</div></div></td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td></tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Credit Derivatives Sold</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Weighted<br/>Average<br/>Remaining<br/>Expected<br/>Maturity</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">AAA</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">AA</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">A</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">BBB</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Below<br/>Investment<br/>Grade</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Total<br/>Notional</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair<br/>Value<br/>Asset<br/>(Liability)</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Insured credit default swaps</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1.0&#160;Years</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">32</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">32</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(7</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Insured swaps</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">14.6&#160;Years</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">66</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,284</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">445</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,795</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(2</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total notional</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">66</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,284</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">445</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">32</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,827</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td></tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;">&#160;</td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total fair value</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(1</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(1</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(7</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(9</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td></tr></table><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Internal credit ratings assigned by MBIA on the underlying collateral are derived by the Company&#8217;s surveillance group. In assigning an internal rating, current status reports from issuers and trustees, as well as publicly available transaction-specific information, are reviewed. Also, where appropriate, cash flow analyses and collateral valuations are considered. The maximum potential amount of future payments (undiscounted) on insured CDS and insured swaps is estimated as the notional value of such contracts. </div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MBIA may hold recourse provisions with third parties in derivative instruments through subrogation rights, whereby if MBIA makes a claim payment, it may be entitled to any rights of the insured counterparty, including the right to any assets held as collateral. </div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Counterparty Credit Risk </div></div></div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company manages counterparty credit risk on an individual counterparty basis through master netting agreements covering derivative instruments in the corporate segment. These agreements allow the Company to contractually net amounts due from a counterparty with those amounts due to such counterparty when certain triggering events occur. The Company only executes swaps under master netting agreements, which typically contain mutual credit downgrade provisions that generally provide the ability to require assignment or termination in the event either MBIA or the counterparty is downgraded below a specified credit rating. </div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Under these agreements, the Company may receive or provide cash, U.S. Treasury or other highly rated securities to secure counterparties&#8217; exposure to the Company or its exposure to counterparties, respectively. Such collateral is available to the holder to pay for replacing the counterparty in the event that the counterparty defaults. As of March&#160;31, 2020, the Company did not hold cash collateral to derivative counterparties but posted $36&#160;million cash collateral to derivative counterparties. As of December&#160;31, 2019, the Company did not hold or post cash collateral to derivative counterparties. </div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;">As of March&#160;31, 2020 and December&#160;31, 2019, the Company had securities with a fair value of $218&#160;million and $181&#160;million, respectively, posted to derivative counterparties and these amounts are included within &#8220;Fixed-maturity securities held as <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">available-for-sale,</div> at fair value&#8221; on the Company&#8217;s consolidated balance sheets.</div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of March&#160;31, 2020 and December&#160;31, 2019, the fair value on one Credit Support Annex (&#8220;CSA&#8221;) was $1&#160;million. This CSA governs collateral posting requirements between MBIA and its derivative counterparties. The Company did not receive collateral due to the Company&#8217;s credit rating, which was below the CSA minimum credit ratings level for holding counterparty collateral. 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Insured CDS and insured swaps are not subject to master netting agreements. VIE derivative assets and liabilities are not presented net of any master netting agreements. Counterparty netting of derivative assets and liabilities offsets balances in &#8220;Interest rate swaps&#8221;, when applicable. </div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents the total fair value of the Company&#8217;s derivative assets and liabilities by instrument and balance sheet location, before counterparty netting, as of March&#160;31, 2020: </div></div>
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<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:41%;">&#160;</td>
<td style="width:3%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:3%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:3%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:3%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:3%;">&#160;</td>
<td>&#160;</td>
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<td>&#160;</td></tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Derivative Assets<div style="font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;">(1)</div></div></div></td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Derivative Liabilities<div style="font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;">(1)</div></div></div></td></tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Derivative Instruments</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Notional<br/>Amount<br/>Outstanding</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Balance&#160;Sheet&#160;Location</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair&#160;Value</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Balance&#160;Sheet&#160;Location</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair&#160;Value</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Not designated as hedging instruments:</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Insured credit default swaps</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">24</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other&#160;assets</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Derivative&#160;liabilities</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(8</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Insured swaps</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,694</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other assets</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Derivative liabilities</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(2</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Interest rate swaps</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">439</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other assets</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Derivative liabilities</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(190</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Interest rate swaps-embedded</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">227</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Medium-term</div>&#160;notes</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Medium-term notes</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(10</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Currency <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">swaps-VIE </div></div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">57</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">&#160;assets-VIE </div></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">18</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Derivative<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">&#160;liabilities-VIE </div></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">All other</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">49</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other assets</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Derivative liabilities</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(37</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-designated</div> derivatives</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2,490</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">19</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(247</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td></tr></table><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px; background: none;"/><div style="text-align: center;"><div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">In accordance with the accounting guidance for derivative instruments and hedging activities, the balance sheet location of the Company&#8217;s embedded derivative instruments is determined by the location of the related host contract.</td></tr></table><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents the total fair value of the Company&#8217;s derivative assets and liabilities by instrument and balance sheet location, before counterparty netting, as of December&#160;31, 2019: </div></div>
<table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:42%;">&#160;</td>
<td style="width:3%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:3%;">&#160;</td>
<td>&#160;</td>
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<td>&#160;</td>
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<td>&#160;</td>
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<td>&#160;</td>
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<td>&#160;</td>
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<td>&#160;</td></tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Derivative Assets<div style="font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;">(1)</div></div></div></td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Derivative Liabilities<div style="font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;">(1)</div></div></div></td></tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Derivative Instruments</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Notional<br/>Amount<br/>Outstanding</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Balance&#160;Sheet&#160;Location</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair&#160;Value</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Balance Sheet&#160;Location</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair&#160;Value</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Not designated as hedging instruments:</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Insured credit default swaps</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">32</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other&#160;assets</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Derivative&#160;liabilities</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(7</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Insured swaps</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,795</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other assets</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Derivative liabilities</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(2</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Interest rate swaps</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">441</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other assets</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Derivative liabilities</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(132</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Interest rate swaps-embedded</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">232</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Medium-term</div>&#160;notes</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Medium-term notes</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(15</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Currency <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">swaps-VIE </div></div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">58</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">assets-VIE </div></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">8</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Derivative<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">&#160;liabilities-VIE </div></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">All other</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">49</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other assets</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Derivative liabilities</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(34</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-designated</div> derivatives</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2,607</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">9</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(190</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td></tr></table><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px; background: none;"/><div style="text-align: center;"><div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">In accordance with the accounting guidance for derivative instruments and hedging activities, the balance sheet location of the Company&#8217;s embedded derivative instruments is determined by the location of the related host contract.</td></tr></table><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents the effect of derivative instruments on the consolidated statements of operations for the three months ended March&#160;31, 2020 and 2019: </div></div>
<table border="0" cellpadding="0" cellspacing="0" style="margin: 12pt auto 0px; width: 100%; font-size: 10pt; border-collapse: separate; border-spacing: 0;">
<tr style="font-size: 0px;">
<td style="width: 24%; font-family: Arial; padding: 0px;"/>
<td style="width: 3%; font-family: Arial; padding: 0px;"/>
<td style="width: 50%; font-family: Arial; padding: 0px;"/>
<td style="width: 3%; font-family: Arial; padding: 0px;"/>
<td style="font-family: Arial; padding: 0px;"/>
<td style="font-family: Arial; padding: 0px;"/>
<td style="width: 4%; font-family: Arial; padding: 0px;"/>
<td style="width: 3%; font-family: Arial; padding: 0px;"/>
<td style="font-family: Arial; padding: 0px;"/>
<td style="font-family: Arial; padding: 0px;"/>
<td style="width: 4%; font-family: Arial; padding: 0px;"/></tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"><div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions </div></div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"><div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"><div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/></td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"><div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/></td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td></tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; white-space: nowrap; font-size: 8pt; padding-bottom: 0.5pt;"><div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Derivatives Not Designated as </div></div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"><div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"><div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Three&#160;Months&#160;Ended&#160;March&#160;31, </div></div></div></td>
<td style="padding-bottom: 0.5pt; font-family: Arial;">&#160;</td></tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"><div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Hedging Instruments </div></div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"><div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Location of Gain (Loss) Recognized in Income on Derivative </div></div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"><div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2020 </div></div></div></td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"><div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2019 </div></div></div></td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td></tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"><div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Insured credit default swaps </div></div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt;"><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Unrealized gains (losses) on insured derivatives </div></div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1</div></div></td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14 </div></div></td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td></tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"><div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Interest rate swaps </div></div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt;"><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net gains (losses) on financial instruments at fair value and foreign exchange </div></div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(56</div></div></td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(20</div></div></td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td></tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top;"><div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;">Currency <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">swaps-VIE </div></div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom;"><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;">Net gains (losses) on financial instruments at fair value and foreign <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">exchange-VIE </div></div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10 </div></div></td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3</div></div></td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td></tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"><div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">All other </div></div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt;"><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net gains (losses) on financial instruments at fair value and foreign exchange </div></div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3</div></div></td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div></td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td></tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td></tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"><div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total </div></div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt;"><div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(50</div></div></td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(9</div></div></td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td></tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td></tr></table><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/> <span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -URI http://asc.fasb.org/topic&amp;trid=2229140<br></p></div>
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6799083776">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>Loss And Loss Adjustment Expense Reserves (Schedule Of Loss And Loss Adjustment Expenses Reserves) (Detail) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2020</div></th>
<th class="th"><div>Mar. 31, 2019</div></th>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseReservesLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInUnearnedPremiums', window );">Changes in unearned premium revenue</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 19<span></span>
</td>
<td class="nump">$ 43<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ClaimLiabilityAxis=mbi_LossAndLaeReservesMember', window );">Loss And Lae Reserves [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseReservesLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense', window );">Gross loss and LAE reserve, beginning balance</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1],[2]</sup></td>
<td class="nump">901<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossPaymentsForCases', window );">Loss payments for cases</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(68)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeAccretionOfDiscount', window );">Accretion of claim liability discount</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">4<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeEffectOfChangeInDiscountRate', window );">Changes in discount rates</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(98)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeInAssumptions', window );">Changes in assumptions</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">222<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInUnearnedPremiums', window );">Changes in unearned premium revenue</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">6<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeOther', window );">Other</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(1)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense', window );">Gross loss and LAE reserve, ending balance</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1],[2]</sup></td>
<td class="nump">$ 966<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr><td colspan="3"></td></tr>
<tr><td colspan="3"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">Amounts are net of expected recoveries of unpaid claims.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top">Amounts are net of expected recoveries.</td>
</tr>
</table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeInAssumptions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Financial Guarantee Insurance Contracts Claim Liability Significant Components Of Change In Assumptions</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeInAssumptions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeOther">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Changes in the timing and amount of net payments on financial guarantee contracts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeOther</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_LossAndLossAdjustmentExpenseReservesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Loss And Loss Adjustment Expense Reserves [Line Items]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_LossAndLossAdjustmentExpenseReservesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_LossPaymentsForCases">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Loss payments for cases</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_LossPaymentsForCases</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeAccretionOfDiscount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This element represents the amount of the change in the claim liability related to financial guarantee insurance contracts arising from the accretion of the discount of the claim liability.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 40<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=99382878&amp;loc=SL5749324-161292<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeAccretionOfDiscount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeEffectOfChangeInDiscountRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This element represents the amount of change in the claim liability related to financial guarantee insurance contracts arising from a change in the rate used to discount the claim liability.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 40<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=99382878&amp;loc=SL5749324-161292<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeEffectOfChangeInDiscountRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInUnearnedPremiums">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) unearned premiums written. Excludes portion of unearned premiums amortized into income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInUnearnedPremiums</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount needed to reflect the estimated ultimate cost of settling claims relating to insured events that have occurred on or before the balance sheet date, whether or not reported to the insurer at that date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 40<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=116884095&amp;loc=d3e14764-158437<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 40<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (cc)<br> -URI http://asc.fasb.org/extlink&amp;oid=116884095&amp;loc=d3e14764-158437<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_ClaimLiabilityAxis=mbi_LossAndLaeReservesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_ClaimLiabilityAxis=mbi_LossAndLaeReservesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
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</html>
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6809256000">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Variable Interest Entities (Narrative) (Detail)<br> $ in Millions</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr>
<th class="th">
<div>Mar. 31, 2020 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Mar. 31, 2019 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Dec. 31, 2019 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Carrying amounts of assets</a></td>
<td class="nump">$ 6,632<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 7,284<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Liabilities', window );">Carrying amounts of liabilities</a></td>
<td class="nump">6,135<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">6,445<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityFinancialOrOtherSupportAmount', window );">Additional Voluntary Payment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">66<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember', window );">Variable Interest Entity Primary Beneficiary [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Carrying amounts of assets</a></td>
<td class="nump">1,200<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,600<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Liabilities', window );">Carrying amounts of liabilities</a></td>
<td class="nump">$ 1,200<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 1,500<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember', window );">Variable Interest Entity Primary Beneficiary [Member] | U S Public Finance Insurance [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NumberOfVariableInterestEntitiesDeconsolidated', window );">Number of variable interest entities deconsolidated</a></td>
<td class="nump">7<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NumberOfVariableInterestEntitiesConsolidated', window );">Number of variable interest entities consolidated</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">7<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityInitialConsolidationGainOrLoss', window );">Net realized gains (losses) related to the initial consolidation</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">$ (42)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember', window );">Variable Interest Entity Primary Beneficiary [Member] | Structured Finance And International Insurance [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NumberOfVariableInterestEntitiesDeconsolidated', window );">Number of variable interest entities deconsolidated</a></td>
<td class="nump">1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_NumberOfVariableInterestEntitiesConsolidated">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the number of VIEs consolidated during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_NumberOfVariableInterestEntitiesConsolidated</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_NumberOfVariableInterestEntitiesDeconsolidated">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the number of VIEs deconsolidated during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_NumberOfVariableInterestEntitiesDeconsolidated</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Assets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(11))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(12))<br> -URI http://asc.fasb.org/extlink&amp;oid=119400593&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Assets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Liabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19-26)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Liabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_VariableInterestEntityFinancialOrOtherSupportAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of financial or other support the reporting entity has provided (explicitly or implicitly) to the Variable Interest Entity (VIE) that it was not previously contractually required to provide or that the reporting entity intends to provide, including, for example, situations in which the reporting entity assisted the VIE in obtaining another type of support.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5A<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=118582676&amp;loc=SL6759159-111685<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_VariableInterestEntityFinancialOrOtherSupportAmount</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_VariableInterestEntityInitialConsolidationGainOrLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The gain (loss) recognized on initial consolidation of a variable interest entity (VIE) when the VIE is not a business (as defined).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=118582676&amp;loc=d3e5710-111685<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_VariableInterestEntityInitialConsolidationGainOrLoss</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
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</tr>
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<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_VariableInterestEntityLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_VariableInterestEntityLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementBusinessSegmentsAxis=mbi_USPublicFinanceInsuranceMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementBusinessSegmentsAxis=mbi_StructuredFinanceAndInternationalInsuranceMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td>na</td>
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6649279888">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Accumulated Other Comprehensive Income (Tables)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2020</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TextBlockAbstract', window );"><strong>Text Block [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock', window );">Changes In The Components Of AOCI</a></td>
<td class="text"><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents the changes in the components of AOCI for the three months ended March&#160;31, 2020: </div></div>
<table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:61%;">&#160;</td>
<td style="width:7%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:7%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:7%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:7%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unrealized<br/> Gains&#160;(Losses)<br/> on AFS<br/> Securities, Net</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Foreign<br/> Currency<br/> Translation,<br/> Net</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Instrument-Specific </div><br/> Credit Risk of<br/> Liabilities<br/> Measured at Fair<br/> Value, Net</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Total</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Balance, December&#160;31, 2019</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">112</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(7</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(107</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(2</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other comprehensive income (loss) before reclassifications</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">48</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">46</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">94</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Amounts reclassified from AOCI</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(3</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(1</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Net period other comprehensive income (loss)</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">45</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">48</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">93</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Balance, March&#160;31, 2020</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">157</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(7</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(59</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">91</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock', window );">Reclassifications From AOCI</a></td>
<td class="text"><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents the details of the reclassifications from AOCI for the three months ended March&#160;31, 2020 and 2019: </div></div>
<table border="0" cellpadding="0" cellspacing="0" style="margin: 12pt auto 0px; width: 100%; font-size: 10pt; border-collapse: separate; border-spacing: 0;">
<tr style="font-size: 0px;">
<td style="width: 38%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 7%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 7%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 7%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 37%; font-family: Arial; padding: 0px;">&#160;</td> </tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions </div></div></div> </td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="6" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Amounts&#160;Reclassified from&#160;AOCI </div></div></div> </td>
<td style="font-family: Arial;">&#160;</td>
<td style="font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td colspan="6" style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Three&#160;Months&#160;Ended&#160;March&#160;31, </div></div></div> </td>
<td style="padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td style="padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td> </tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Details&#160;about&#160;AOCI&#160;Components </div></div></div> </td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2020 </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2019 </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Affected Line Item on the Consolidated </div></div></div> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Statements of Operations </div></div></div> </td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Unrealized gains (losses) on AFS securities: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt;"> <div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Realized gains (losses) on sale of securities </div></div> </td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3&#160;</div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">39&#160;</div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net gains (losses) on financial instruments at fair value and foreign exchange </div></div> </td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">Credit losses</div> </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-&#160;</div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(28) </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net investment losses related to OTTI </div></div> </td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total unrealized gains (losses) on AFS securities </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3&#160;</div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11&#160;</div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt;"> <div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Instrument-specific credit risk of liabilities: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt;"> <div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Settlement of liabilities </div></div> </td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2) </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4) </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net gains (losses) on financial instruments at fair value and foreign exchange </div></div> </td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total reclassifications for the period </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1&#160;</div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7&#160;</div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net income (loss) </div></div> </td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the components of accumulated other comprehensive income (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14A<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669686-108580<br></p></div>
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6690053248">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Significant Accounting Policies (Policies)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2020</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TextBlockAbstract', window );"><strong>Text Block [Abstract]</strong></a></td>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BasisOfAccountingPolicyPolicyTextBlock', window );">Basis of Presentation</a></td>
<td class="text"><div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Basis of Presentation </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The accompanying unaudited consolidated financial statements have been prepared in accordance with the instructions to Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">10-Q</div> and Article 10 of Regulation <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">S-X</div> and, accordingly, do not include all of the information and disclosures required by accounting principles generally accepted in the United States of America (&#8220;GAAP&#8221;) for annual periods. These statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Annual Report on Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">10-K</div> for the year ended December&#160;31, 2019. The accompanying consolidated financial statements have not been audited by an independent registered public accounting firm in accordance with the standards of the Public Company Accounting Oversight Board (U.S.), but in the opinion of management such financial statements include all adjustments, consisting only of normal recurring adjustments, necessary for the fair statement of the Company&#8217;s consolidated financial position and results of operations. All material intercompany balances and transactions have been eliminated.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. As additional information becomes available or actual amounts become determinable, the recorded estimates are revised and reflected in operating results. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The results of operations for the three months ended March&#160;31, 2020 may not be indicative of the results that may be expected for the year ending December&#160;31, 2020. The December&#160;31, 2019 consolidated balance sheet was derived from audited financial statements, but does not include all disclosures required by GAAP for annual periods. </div></div><span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentPolicyTextBlock', window );">Investments</a></td>
<td class="text"><div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The Company classifies its investments as <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">available-for-sale</div> (&#8220;AFS&#8221;), <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">held-to-maturity</div> (&#8220;HTM&#8221;), or trading. AFS investments are reported in the consolidated balance sheets at fair value with <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-credit</div> related unrealized gains and losses, net of applicable deferred income taxes, reflected in accumulated other comprehensive income (loss) (&#8220;AOCI&#8221;) in shareholders&#8217; equity. The specific identification method is used to determine realized gains and losses on AFS securities. HTM investments, for which the Company has the ability and intent to hold such investments to maturity, are reported in the consolidated balance sheets at amortized cost. Investments carried at fair value consist of equity instruments, and certain investments elected under the fair value option, or classified as trading. Short-term investments held as AFS include all fixed-maturity securities with a remaining maturity of less than one year at the date of purchase, commercial paper and money market securities. Changes in fair value of investments carried at fair value and realized gains and losses from the sale of investment securities are reflected in earnings as part of &#8220;Net gains (losses) on financial instruments at fair value and foreign exchange&#8221; on the Company&#8217;s consolidated statements of operations.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investment income is recorded as earned which includes the current period interest accruals deemed collectible. Accrued interest income is recorded as part of &#8220;Other assets&#8221; on the Company&#8217;s consolidated balance sheets. Bond discounts and premiums are amortized using the effective yield method over the remaining term of the securities and reported in &#8220;Net investment income&#8221; on the Company&#8217;s consolidated statements of operations. However, premiums on certain callable debt securities are amortized to the earliest call date. For MBS and asset-backed securities (&#8220;ABS&#8221;), discounts and premiums are amortized using the retrospective or prospective method. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Effective January&#160;1, 2020, accrued interest income on debt securities is not assessed for credit losses as the Company reverses any past due accrued interest income and charges it against net investment income. Interest income is subsequently recognized to the extent cash is received. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Credit Losses on Debt Securities </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">For AFS debt securities, the Company&#8217;s consolidated statements of operations reflect the full impairment (the difference between a security&#8217;s amortized cost basis and fair value) if the Company intends to sell or would more likely than not be required to sell before the expected recovery of the amortized cost basis. For AFS debt securities in an unrealized loss position and HTM debt securities that the Company has the intent and ability to hold, the securities are evaluated on a quarterly basis to determine if a credit loss exists. The Company considers a credit loss exists when the Company does not expect to recover the entire amortized cost basis of the debt security. The Company measures the allowance for credit loss on a <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">security-by-security</div> basis as the difference between the recorded investment and the present value of the cash flows expected to be collected, discounted at the instrument&#8217;s effective interest rate. In the event of a credit loss, only the amount of impairment associated with the credit loss is recognized in income and reflected in earnings as part of &#8220;Other net realized gains (losses)&#8221; on the Company&#8217;s statements of operations.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Effective January&#160;1, 2020, the Company no longer records impairment for credit losses as adjustments to the amortized cost of the debt securities, but rather records an allowance for credit loss. For AFS debt securities, adjustments to the amortized cost basis are recorded if there is an intent to sell before recovery from impairment. For debt securities with an allowance for credit loss, changes in credit losses including accretion of the allowance for credit losses are recognized through other net realized gains (losses) as discussed above. </div></div> <span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InsurancePremiumsRevenueRecognitionPolicy', window );">Financial Guarantee Insurance Premiums</a></td>
<td class="text"><div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financial Guarantee Insurance Premiums </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The Company has disclosed its financial guarantee insurance premiums in &#8220;Note 2: Significant Accounting Policies&#8221; and &#8220;Note: 5 Insurance Premiums&#8221; in the Notes to Consolidated Financial Statements included in the Company&#8217;s Annual Report on Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">10-K</div> for the year ended December&#160;31, 2019. Below is an update on the Company&#8217;s premium receivables accounting policy.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Credit Losses on Premium Receivables </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company evaluates the collectability of outstanding premium receivables on a quarterly basis and measures any allowance for credit losses as the difference between the receivable amounts compared to the projected net present value of premiums expected to be collected, discounted at the effective interest rate which is the risk-free rate for the insurance contracts. The estimation of the allowance for credit losses involves substantial judgment, requires forecasting cash flows, and incorporates any historical experience of uncollectible balances, future performance of the transaction&#8217;s underlying assets, certain macro-economic factors and each transaction&#8217;s liability structure, including the seniority of premium payments to the Company. </div></div></div> <div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for basis of accounting, or basis of presentation, used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS).</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for revenue recognition of insurance premium. Includes, but is not limited to, basis for measurement and timing of recognition of revenue from insurance premium received from contract holder and method used in performing premium deficiency testing.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 60<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=117422154&amp;loc=SL117422156-227712<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for investment in financial asset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (a)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=114001798&amp;loc=d3e33918-111571<br></p></div>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Investments (Tables)<br></strong></div></th>
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<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Allowance<br/> for Credit<br/> Losses</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Gross<br/> Unrealized<br/> Gains</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Gross<br/> Unrealized<br/> Losses</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair<br/> Value</div></div> </td>
<td style="white-space: nowrap; vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; font-weight: normal; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">AFS Investments</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Fixed-maturity investments:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">U.S. Treasury and government agency</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">758</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">101</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">859</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">State and municipal bonds</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">168</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">23</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">191</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Foreign governments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">10</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(1</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">9</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Corporate obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,114</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">90</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(33</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,171</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Mortgage-backed securities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Residential mortgage-backed agency</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">266</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">8</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">274</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Residential mortgage-backed <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-agency </div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">27</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(7</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">21</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Commercial mortgage-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">20</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(1</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">19</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Asset-backed securities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Collateralized debt obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">131</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(19</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">112</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other asset-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">277</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(2</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">275</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total AFS investments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2,771</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">223</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(63</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2,931</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; font-weight: normal; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">HTM Investments</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Assets of consolidated VIEs:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Corporate obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">575</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(46</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">43</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">572</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total HTM investments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">575</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(46</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">43</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">572</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div>
<table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:60%;">&#160;</td>
<td style="width:5%;">&#160;</td>
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<td>&#160;</td>
<td style="width:5%;">&#160;</td>
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<td>&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="19" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">December&#160;31, 2019</div></div> </td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Amortized</div></div> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Cost</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Gross</div></div> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unrealized</div></div> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Gains</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Gross</div></div> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unrealized</div></div> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Losses</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair</div></div> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Value</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Other-Than-</div></div> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Temporary</div></div> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Impairments<div style="font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;">(1)</div></div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; font-weight: normal; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">AFS Investments</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Fixed-maturity investments:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">U.S. Treasury and government agency</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">838</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">46</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(2</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">882</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">State and municipal bonds</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">178</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">22</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">200</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Foreign governments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">8</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">9</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Corporate obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,140</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">52</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(1</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,191</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Mortgage-backed securities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Residential mortgage-backed agency</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">317</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">3</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">320</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Residential mortgage-backed <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-agency </div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">23</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(5</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">19</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Commercial mortgage-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">20</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">20</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Asset-backed securities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Collateralized debt obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">139</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(2</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">137</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other asset-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">321</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(1</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">321</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total AFS investments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2,984</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">126</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(11</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">3,099</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; font-weight: normal; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">HTM Investments</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Assets of consolidated VIEs:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Corporate obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">890</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">892</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total HTM investments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">890</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">892</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="text-align: center;"> <div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> </div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Represents unrealized gains or losses on OTTI securities recognized in AOCI, which includes the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-credit</div> component of impairments, as well as all subsequent changes in fair value of such impaired securities reported in AOCI.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock', window );">Distribution By Contractual Maturity Of Available-For-Sale and Held-To-Maturity Investments</a></td>
<td class="text">
<table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:70%;">&#160;</td>
<td style="width:4%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:4%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:4%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:4%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">AFS Securities</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">HTM Securities</div></div> </td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Consolidated VIEs</div></div> </td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Net<br/> Amortized<br/> Cost</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair&#160;Value</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Net<br/> Amortized<br/> Cost</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair&#160;Value</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Due in one year or less</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">476</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">476</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Due after one year through five years</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">500</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">506</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Due after five years through ten years</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">345</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">357</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Due after ten years</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">729</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">891</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">529</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">572</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Mortgage-backed and asset-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">721</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">701</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total fixed-maturity investments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2,771</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2,931</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">529</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">572</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock', window );">Gross Unrealized Losses Related To Available-For-Sale And Held-To-Maturity Investments</a></td>
<td class="text">
<table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:59%;">&#160;</td>
<td style="width:3%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:3%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:3%;">&#160;</td>
<td>&#160;</td>
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<td>&#160;</td>
<td style="width:3%;">&#160;</td>
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<td>&#160;</td>
<td style="width:3%;">&#160;</td>
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<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:3%;">&#160;</td>
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<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="23" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">March&#160;31, 2020</div></div> </td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Less&#160;than&#160;12&#160;Months</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">12&#160;Months&#160;or&#160;Longer</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Total</div></div> </td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unrealized</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unrealized</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unrealized</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Value</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Losses</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Value</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Losses</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Value</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Losses</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; font-weight: normal; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">AFS Investments</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
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<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
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<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
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<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Fixed-maturity investments:</div> </td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">U.S. Treasury and government agency</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">4</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">4</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">State and municipal bonds</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">31</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">31</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Foreign governments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(1</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(1</div> </td>
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<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Corporate obligations</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">482</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(31</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">6</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(2</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">488</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(33</div> </td>
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<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Mortgage-backed securities:</div> </td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Residential mortgage-backed <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-agency </div></div> </td>
<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">9</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(1</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">9</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(6</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">18</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(7</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Commercial mortgage-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">9</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(1</div> </td>
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<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">9</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(1</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Asset-backed securities:</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Collateralized debt obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">49</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(4</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">64</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(15</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">113</div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(19</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other asset-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">170</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(2</div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">170</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(2</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total AFS investments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">761</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(40</div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">79</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(23</div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">840</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(63</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
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<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div>
<table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
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<td>&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="23" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">December&#160;31, 2019</div></div> </td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Less than 12<br/> Months</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">12 Months or<br/> Longer</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Total</div></div> </td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unrealized</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unrealized</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unrealized</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Value</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Losses</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Value</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Losses</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Value</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Losses</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; font-weight: normal; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">AFS Investments</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Fixed-maturity investments:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">U.S. Treasury and government agency</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">148</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(1</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">79</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(1</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">227</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(2</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">State and municipal bonds</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">11</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">15</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">26</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Corporate obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">53</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">55</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(1</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total AFS investments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">371</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(3</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">206</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(8</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">577</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(11</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InvestmentsDistributionOfSecuritiesByPercentageOfFairValueBelowBookValueByMoreThanFivePercentTableTextBlock', window );">Distribution Of Securities By Percentage Of Fair Value Below Book Value By More Than 5%</a></td>
<td class="text">
<table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:75%;">&#160;</td>
<td style="width:6%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:6%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:6%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="11" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">AFS Securities</div></div> </td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Percentage of Fair Value Below Book Value</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Number&#160;of<br/> Securities</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Book Value<br/> (in&#160;millions)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair&#160;Value<br/> (in&#160;millions)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&gt; 5% to 15%</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">8</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">21</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">20</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&gt; 15% to 25%</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">18</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">48</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">38</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&gt; 25% to 50%</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">13</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">33</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">21</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&gt; 50%</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">41</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">102</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">79</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_SecuritiesHeldInUnrealizedLossPositionAndInsuredByFinancialGuarantorAndRelatedInsuranceLossReserveOnCompanyInsuredInvestmentsTableTextBlock', window );">Securities Held In Unrealized Loss Position And Insured By Financial Guarantor and The Related Insurance Loss Reserve On Company Insured Investments</a></td>
<td class="text">
<table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:68%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:56%;">&#160;</td>
<td style="width:13%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:13%;">&#160;</td>
<td>&#160;</td>
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<td>&#160;</td>
<td style="width:13%;">&#160;</td>
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<td>&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair&#160;Value</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unrealized<br/> Loss</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: bold; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Insurance&#160;Loss<br/> <div style="font-weight: normal; font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Reserve</div></div><div style="font-weight: normal; font-style: normal; font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;">(2)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Mortgage-backed:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">MBIA<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(1)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">9</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(6)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">22</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="text-align: center;"> <div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; margin-left: 16%; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> </div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px; table-layout: fixed;">
<tr style="page-break-inside: avoid;">
<td style="width: 16%; text-align: left;">&#160;</td>
<td style="width: 3%; vertical-align: top;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Includes investments insured by MBIA Corp. and National.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="margin-top: 6pt; margin-bottom: 0px;"/>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px; table-layout: fixed;">
<tr style="page-break-inside: avoid;">
<td style="width: 16%; text-align: left;">&#160;</td>
<td style="width: 3%; vertical-align: top;">(2)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Insurance loss reserve estimates are based on the proportion of par value owned to the total amount of par value insured.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossTableTextBlock', window );">Summary of Allowance for Credit Losses on HTM Investments</a></td>
<td class="text"><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents the rollforward of allowance for credit losses on HTM investments for the three months ended March&#160;31, 2020: </div></div>
<table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:50%;">&#160;</td>
<td style="width:6%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:6%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:6%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:6%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:6%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:6%;">&#160;</td>
<td>&#160;</td>
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<td>&#160;</td></tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td rowspan="2" style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div><div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div></td>
<td rowspan="2" style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="15" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Three Months Ended March&#160;31, 2020</div></div></td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td></tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Balance<br/>as of</div></div><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">January&#160;1,<br/>2020<div style="font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;">1</div></div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Current&#160;period<br/>provision for<br/>expected<br/>credit losses</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Initial<br/>allowance<br/>recognized&#160;for<br/>PCD assets</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Write-Offs </div></div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Recoveries</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Balance<br/>as of</div></div><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">March&#160;31,<br/>2020</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; font-weight: normal; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">HTM Investments</div></div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Assets of consolidated VIEs:</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Corporate obligations</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">37</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">9</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">46</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td></tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total Allowance on HTM investments</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">37</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">9</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">46</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td></tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td></tr></table><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px; background: none;"/><div style="text-align: center;"><div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Represents transition adjustment upon adoption of ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2016-13. </div></td></tr></table><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsTableTextBlock', window );">Credit Losses Recognized In Earnings Related To OTTI Losses Recognized In Accumulated Other Comprehensive Income (Loss)</a></td>
<td class="text">
<table border="0" cellpadding="0" cellspacing="0" style="margin: 12pt auto 0px; width: 100%; font-size: 10pt; border-collapse: separate; border-spacing: 0;">
<tr style="color: white; line-height: 0pt; visibility: hidden;">
<td style="width: 84%; font-family: Arial; padding: 0px;"/>
<td style="width: 14%; font-family: Arial; padding: 0px;"/>
<td style="font-family: Arial; padding: 0px;"/>
<td style="white-space: nowrap; font-family: Arial;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td style="font-family: Arial; padding: 0px;"/></tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"><div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions </div></div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"><div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Three&#160;Months&#160;Ended </div></div></div></td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td></tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"><div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Credit Losses Recognized in Earnings Related to Other-Than-Temporary Impairments </div></div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"><div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">March&#160;31, 2019 </div></div></div></td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td></tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"><div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Beginning balance </div></div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">37 </div></div></td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td></tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"><div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Additions for credit loss impairments recognized in the current period on securities previously impaired </div></div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">28 </div></div></td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td></tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td></tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"><div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Ending balance </div></div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">65 </div></div></td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td></tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td></tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td colspan="4" style="padding: 0px; vertical-align: top; font-size: 10pt;"><div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"/></td>
<td style="font-family: Arial;">&#160;</td></tr></table><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfRealizedGainLossTableTextBlock', window );">Gross Realized Gains and Losses From Sales Of Available-For-Sale Securities</a></td>
<td class="text">
<table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:86%;">&#160;</td>
<td style="width:4%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:4%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td></tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Three&#160;Months&#160;Ended<br/>March&#160;31,</div></div></td></tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Proceeds from sales</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">279</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">683</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Gross realized gains</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">11</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">5</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Gross realized losses</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(8</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(1</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr></table><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrealizedGainLossOnInvestmentsTableTextBlock', window );">Portion Of Unrealized Gains Losses Recognized On Equity Investments [Table Text Block]</a></td>
<td class="text">
<table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:86%;">&#160;</td>
<td style="width:5%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:5%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td></tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Three&#160;Months&#160;Ended<br/>March&#160;31,</div></div></td></tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Net gains and (losses) recognized during the period on equity securities</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(13</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">5</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Less:</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Net gains and (losses) recognized during the period on equity securities sold during the period</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td></tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Unrealized gains and (losses) recognized during the period on equity securities still held at the reporting date</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(13</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">4</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td></tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td></tr></table><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Distribution Of Securities By Percentage Of Fair Value Below Book Value By More Than 5%.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Securities held in unrealized loss position and insured by financial guarantor and the related insurance loss reserve on company insured investments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of allowance for credit loss on investment in debt security measured at amortized cost (held-to-maturity).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 20<br> -Section 50<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=119407570&amp;loc=SL82919249-210447<br></p></div>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of investment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 325<br> -URI http://asc.fasb.org/topic&amp;trid=2197064<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 321<br> -URI http://asc.fasb.org/topic&amp;trid=75115024<br><br>Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -URI http://asc.fasb.org/topic&amp;trid=2196928<br><br>Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -URI http://asc.fasb.org/topic&amp;trid=2196965<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the amount of other than temporary impairment (OTTI) related to credit losses recognized in earnings including: (a) the beginning balance of the amount related to credit losses on debt securities held by the investor at the beginning of the period for which a portion of an OTTI was recognized in other comprehensive income; (b) additions for the amount related to the credit loss for which an OTTI was not previously recognized; (c) reductions for securities sold during the period (realized); (d) reductions for securities for which the amount previously recognized in other comprehensive income was recognized in earnings because the investor intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis; (e) additional increases to the amount related to the credit loss for which an OTTI was previously recognized when the investor does not intend to sell the security and it is not more likely than not that the investor will be required to sell the security before recovery of its amortized cost basis; (f) reductions for increases in cash flows expected to be collected that are recognized over the remaining life of the security; and (g) the ending balance of the amount related to credit losses on debt securities held by the entity at the end of the period for which a portion of an OTTI was recognized in other comprehensive income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=118939692&amp;loc=d3e27340-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfRealizedGainLossTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the proceeds from sales of available-for-sale securities and the gross realized gains and gross realized losses that have been included in earnings as a result of those sales.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118939692&amp;loc=d3e27357-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfRealizedGainLossTableTextBlock</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=118939692&amp;loc=d3e27290-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TextBlockAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_TextBlockAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
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<td>xbrli:stringItemType</td>
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<td><strong> Period Type:</strong></td>
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</tr>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UnrealizedGainLossOnInvestmentsTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of unrealized gains and losses on investments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_UnrealizedGainLossOnInvestmentsTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
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</DOCUMENT>
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6651712544">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Earnings Per Share (Narrative) (Detail) - shares<br> shares in Millions</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2020</div></th>
<th class="th"><div>Mar. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AntidilutiveSharesAbstract', window );"><strong>Antidilutive Shares [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount', window );">Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount</a></td>
<td class="nump">0.9<span></span>
</td>
<td class="nump">0.9<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_AntidilutiveSharesAbstract">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_AntidilutiveSharesAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<DOCUMENT>
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<TEXT>
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<head>
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<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6870617680">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Derivative Instruments (Narrative) (Detail)<br> $ in Millions</strong></div></th>
<th class="th">
<div>Mar. 31, 2020 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Dec. 31, 2019 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeCollateralRightToReclaimCash', window );">Cash collateral posted to derivative counterparties</a></td>
<td class="nump">$ 36<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeCollateralRightToReclaimSecurities', window );">Securities posted as collateral to derivative counterparties</a></td>
<td class="nump">$ 218<span></span>
</td>
<td class="nump">$ 181<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NumberOfCreditSupportAnnexes', window );">Number of credit support annexes</a></td>
<td class="nump">1<span></span>
</td>
<td class="nump">1<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueOfCreditSupportAnnexes', window );">Fair value of Credit Support Annex</a></td>
<td class="nump">$ 1<span></span>
</td>
<td class="nump">$ 1<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_FairValueOfCreditSupportAnnexes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of credit support annexes which define the terms or rules under which collateral is posted or transferred between swap counterparties to mitigate the credit risk arising from "in the money" derivative positions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_FairValueOfCreditSupportAnnexes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_NumberOfCreditSupportAnnexes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of credit support annexes which define the terms or rules under which collateral is posted or transferred between swap counterparties to mitigate the credit risk arising from "in the money" derivative positions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_NumberOfCreditSupportAnnexes</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:positiveIntegerItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeCollateralRightToReclaimCash">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of right to receive cash collateral under master netting arrangements that have not been offset against derivative liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 55<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=99393222&amp;loc=SL20226016-175313<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=109980867&amp;loc=d3e41678-113959<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (d)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeCollateralRightToReclaimCash</td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeCollateralRightToReclaimSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of right to receive securities collateral under master netting arrangements that have not been offset against derivative liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 55<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=99393222&amp;loc=SL20226016-175313<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (d)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeCollateralRightToReclaimSecurities</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeLineItems</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td>xbrli:stringItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<head>
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6870669136">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Income Taxes (Narrative) (Detail) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NonVariableInterestEntitiesLineItems', window );"><strong>Non Variable Interest Entities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLossCarryforwards', window );">NOL carryforward</a></td>
<td class="nump">$ 3,100.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsOther', window );">Alternative minimum tax credit carryforward - Other assets</a></td>
<td class="nump">12.7<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsForeign', window );">Foreign tax credit</a></td>
<td class="nump">61.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrecognizedTaxBenefits', window );">Unrecognized Tax Benefits</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsValuationAllowance', window );">Valuation allowance on net deferred tax asset</a></td>
<td class="nump">$ 923.0<span></span>
</td>
<td class="nump">$ 873.0<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_NonVariableInterestEntitiesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Non-Variable Interest Entities [Line Items]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_NonVariableInterestEntitiesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsForeign">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before allocation of valuation allowances of deferred tax asset attributable to deductible foreign tax credit carryforwards.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32632-109319<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32621-109319<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32559-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsForeign</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsOther">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, before allocation of valuation allowance, of deferred tax asset attributable to deductible tax credit carryforwards, classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32632-109319<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32621-109319<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32559-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsOther</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsValuationAllowance">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32537-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsValuationAllowance</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLossCarryforwards">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of operating loss carryforward, before tax effects, available to reduce future taxable income under enacted tax laws.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32559-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLossCarryforwards</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UnrecognizedTaxBenefits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of unrecognized tax benefits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 10B<br> -URI http://asc.fasb.org/extlink&amp;oid=116821951&amp;loc=SL37586934-109318<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 15A<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=SL6600010-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_UnrecognizedTaxBenefits</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
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<head>
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6662653040">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Fair Value Of Financial Instruments (Realized And Unrealized Gains And Losses Included In Earnings Pertaining To Level 3 Assets And Liabilities) (Detail) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2020</div></th>
<th class="th"><div>Mar. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrealizedGainLossOnDerivatives', window );">Unrealized gains (losses) on insured derivatives</a></td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 14<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember', window );">Variable Interest Entity Primary Beneficiary [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
<td class="nump">15<span></span>
</td>
<td class="nump">18<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherIncome', window );">Other net realized gains (losses)</a></td>
<td class="num">(9)<span></span>
</td>
<td class="num">(42)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Total Gains (Losses) Included in Earnings [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrealizedGainLossOnDerivatives', window );">Unrealized gains (losses) on insured derivatives</a></td>
<td class="num">(1)<span></span>
</td>
<td class="nump">14<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
<td class="num">(5)<span></span>
</td>
<td class="num">(7)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherIncome', window );">Other net realized gains (losses)</a></td>
<td class="nump">0<span></span>
</td>
<td class="num">(1)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings', window );">Total revenues</a></td>
<td class="nump">11<span></span>
</td>
<td class="nump">7<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Change in Unrealized Gains (Losses) for the Period Included in Earnings for Assets and Liabilities still held [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrealizedGainLossOnDerivatives', window );">Unrealized gains (losses) on insured derivatives</a></td>
<td class="num">(1)<span></span>
</td>
<td class="nump">14<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
<td class="num">(5)<span></span>
</td>
<td class="num">(7)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherIncome', window );">Other net realized gains (losses)</a></td>
<td class="nump">0<span></span>
</td>
<td class="num">(1)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings', window );">Total revenues</a></td>
<td class="nump">14<span></span>
</td>
<td class="nump">16<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Variable Interest Entity Primary Beneficiary [Member] | Total Gains (Losses) Included in Earnings [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
<td class="nump">17<span></span>
</td>
<td class="nump">1<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Fair Value Inputs Level 3 [Member] | Variable Interest Entity Primary Beneficiary [Member] | Change in Unrealized Gains (Losses) for the Period Included in Earnings for Assets and Liabilities still held [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
<td class="nump">$ 20<span></span>
</td>
<td class="nump">$ 10<span></span>
</td>
</tr>
</table>
<div style="display: none;">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Change in the fair value of and realized gains and losses on sale of financial instruments and foreign exchange included in earnings.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems</td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of gain (loss) recognized in income from asset and liability measured at fair value on recurring basis using unobservable input (level 3).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings</td>
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<td><strong> Balance Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of revenue and income classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=116637232&amp;loc=SL114874131-224263<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UnrealizedGainLossOnDerivatives">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<SEQUENCE>60
<FILENAME>R43.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6892586016">
<tr>
<th class="tl" colspan="2" rowspan="1"><div style="width: 200px;"><strong>Fair Value Of Financial Instruments (Quantitative Information Regarding The Significant Unobservable Inputs For Certain Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Detail) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="2"><div>Mar. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_UnobservableInputAxis=mbi_CashFlowsMember', window );">Cash Flows [Member] | Other Derivatives Liabilities [Member] | Discounted cash flow [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue', window );">Fair value, liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 37<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">$ 34<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidatedEntitiesAxis=mbi_CreditDerivativesMember', window );">Credit Derivatives [Member] | Nonperformance Risk [Member] | Commercial Mortgage Backed Securities [Member] | Direct Price Model [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue', window );">Fair value, liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 8<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">$ 7<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidatedEntitiesAxis=mbi_CreditDerivativesMember', window );">Credit Derivatives [Member] | Nonperformance Risk [Member] | Commercial Mortgage Backed Securities [Member] | Minimum [Member] | Direct Price Model [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueMeasurementRangePercentage', window );">Range percentage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">54.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">54.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidatedEntitiesAxis=mbi_CreditDerivativesMember', window );">Credit Derivatives [Member] | Nonperformance Risk [Member] | Commercial Mortgage Backed Securities [Member] | Maximum [Member] | Direct Price Model [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueMeasurementRangePercentage', window );">Range percentage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">54.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">54.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidatedEntitiesAxis=mbi_CreditDerivativesMember', window );">Credit Derivatives [Member] | Nonperformance Risk [Member] | Commercial Mortgage Backed Securities [Member] | Weighted Average [Member] | Direct Price Model [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueMeasurementRangePercentage', window );">Range percentage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">54.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">54.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidatedEntitiesAxis=mbi_OtherDerivativesMember', window );">Other Derivatives [Member] | Cash Flows [Member] | Other Derivatives Liabilities [Member] | Minimum [Member] | Discounted cash flow [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueMeasurementRangePercentage', window );">Range percentage</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">0.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidatedEntitiesAxis=mbi_OtherDerivativesMember', window );">Other Derivatives [Member] | Cash Flows [Member] | Other Derivatives Liabilities [Member] | Maximum [Member] | Discounted cash flow [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueMeasurementRangePercentage', window );">Range percentage</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">49.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">49.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidatedEntitiesAxis=mbi_OtherDerivativesMember', window );">Other Derivatives [Member] | Cash Flows [Member] | Other Derivatives Liabilities [Member] | Weighted Average [Member] | Discounted cash flow [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueMeasurementRangePercentage', window );">Range percentage</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">25.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">25.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_LoansReceivableMember', window );">Loans Receivable and Other Instruments at Fair Value [Member] | Variable Interest Entity Primary Beneficiary [Member] | Impact Of Financial Guarantee [Member] | Market Prices Adjusted For Financial Guarantees Provided To Vie Obligations [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Fair Value, assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 98<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">$ 136<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_LoansReceivableMember', window );">Loans Receivable and Other Instruments at Fair Value [Member] | Variable Interest Entity Primary Beneficiary [Member] | Impact Of Financial Guarantee [Member] | Minimum [Member] | Market Prices Adjusted For Financial Guarantees Provided To Vie Obligations [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueMeasurementRangePercentage', window );">Range percentage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(28.00%)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="num">(20.00%)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_LoansReceivableMember', window );">Loans Receivable and Other Instruments at Fair Value [Member] | Variable Interest Entity Primary Beneficiary [Member] | Impact Of Financial Guarantee [Member] | Maximum [Member] | Market Prices Adjusted For Financial Guarantees Provided To Vie Obligations [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueMeasurementRangePercentage', window );">Range percentage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">161.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">99.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_LoansReceivableMember', window );">Loans Receivable and Other Instruments at Fair Value [Member] | Variable Interest Entity Primary Beneficiary [Member] | Impact Of Financial Guarantee [Member] | Weighted Average [Member] | Market Prices Adjusted For Financial Guarantees Provided To Vie Obligations [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueMeasurementRangePercentage', window );">Range percentage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">19.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">22.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=mbi_LoanRepurchaseCommitmentsMember', window );">Loan Repurchase Commitments [Member] | Variable Interest Entity Primary Beneficiary [Member] | Recovery Rates And Breach Rates [Member] | Discounted cash flow [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Fair Value, assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 506<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">$ 486<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=mbi_VariableInterestEntityNotesMember', window );">Variable Interest Entity Notes [Member] | Variable Interest Entity Primary Beneficiary [Member] | Impact Of Financial Guarantee [Member] | Quoted market prices of VIE assets adjusted for financial guarantees provided [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue', window );">Fair value, liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 281<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">$ 347<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=mbi_VariableInterestEntityNotesMember', window );">Variable Interest Entity Notes [Member] | Variable Interest Entity Primary Beneficiary [Member] | Impact Of Financial Guarantee [Member] | Minimum [Member] | Quoted market prices of VIE assets adjusted for financial guarantees provided [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueMeasurementRangePercentage', window );">Range percentage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">34.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">37.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=mbi_VariableInterestEntityNotesMember', window );">Variable Interest Entity Notes [Member] | Variable Interest Entity Primary Beneficiary [Member] | Impact Of Financial Guarantee [Member] | Maximum [Member] | Quoted market prices of VIE assets adjusted for financial guarantees provided [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueMeasurementRangePercentage', window );">Range percentage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">74.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">76.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=mbi_VariableInterestEntityNotesMember', window );">Variable Interest Entity Notes [Member] | Variable Interest Entity Primary Beneficiary [Member] | Impact Of Financial Guarantee [Member] | Weighted Average [Member] | Quoted market prices of VIE assets adjusted for financial guarantees provided [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FairValueMeasurementRangePercentage', window );">Range percentage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">60.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">61.00%<span></span>
</td>
</tr>
<tr><td colspan="4"></td></tr>
<tr><td colspan="4"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">Midpoint of cash flows are used for the weighted average.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top">Weighted average represents the total MBIA guarantees as a percentage of total instrument fair value.</td>
</tr>
</table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_FairValueMeasurementRangePercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This element represents the fair value measurement range percentage of the Company's assets and liabilities measured at fair value.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_FairValueMeasurementRangePercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_UnobservableInputAxis=mbi_CashFlowsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_UnobservableInputAxis=mbi_CashFlowsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=mbi_OtherDerivativesLiabilitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=mbi_OtherDerivativesLiabilitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ValuationTechniqueAxis=mbi_DiscountedCashFlowMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ValuationTechniqueAxis=mbi_DiscountedCashFlowMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ConsolidatedEntitiesAxis=mbi_CreditDerivativesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ConsolidatedEntitiesAxis=mbi_CreditDerivativesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_UnobservableInputAxis=mbi_NonperformanceRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_UnobservableInputAxis=mbi_NonperformanceRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ValuationTechniqueAxis=mbi_DirectPriceModelMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ValuationTechniqueAxis=mbi_DirectPriceModelMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_RangeAxis=srt_MinimumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_RangeAxis=srt_MinimumMember</td>
</tr>
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end
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<TYPE>XML
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<TEXT>
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6743614976">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Accumulated Other Comprehensive Income (Details Of The Reclassification From AOCI) (Detail) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2020</div></th>
<th class="th"><div>Mar. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest', window );">Income (loss) before income taxes</a></td>
<td class="num">$ (333)<span></span>
</td>
<td class="num">$ (19)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss)</a></td>
<td class="num">(333)<span></span>
</td>
<td class="num">(21)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis=us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember', window );">Amounts reclassified from AOCI [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss)</a></td>
<td class="nump">1<span></span>
</td>
<td class="nump">7<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember', window );">Unrealized gains (losses) on AFS, net [Member] | Amounts reclassified from AOCI [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
<td class="nump">3<span></span>
</td>
<td class="nump">39<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities', window );">Net investment losses related to OTTI</a></td>
<td class="nump">0<span></span>
</td>
<td class="num">(28)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest', window );">Income (loss) before income taxes</a></td>
<td class="nump">3<span></span>
</td>
<td class="nump">11<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedGainLossFinancialLiabilityFairValueOptionAttributableToParentMember', window );">Instrument-specific credit risk of liabilities measured at fair value, net [Member] | Amounts reclassified from AOCI [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange', window );">Net gains (losses) on financial instruments at fair value and foreign exchange</a></td>
<td class="num">$ (2)<span></span>
</td>
<td class="num">$ (4)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Change in the fair value of and realized gains and losses on sale of financial instruments and foreign exchange included in earnings.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 940<br> -SubTopic 20<br> -Section 25<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=68072869&amp;loc=d3e41242-110953<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(10))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(8))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637232&amp;loc=SL114874131-224263<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22694-107794<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(15))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637391&amp;loc=SL114874048-224260<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669619-108580<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637391&amp;loc=SL114874048-224260<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669625-108580<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(18))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637232&amp;loc=SL114874131-224263<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(20))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br><br>Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, before tax, of other-than-temporary impairment (OTTI) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), recognized in other comprehensive income (OCI).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 10A<br> -Subparagraph (g)<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669646-108580<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 45<br> -Paragraph 8A<br> -URI http://asc.fasb.org/extlink&amp;oid=118954083&amp;loc=SL6284422-111562<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis=us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis=us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedGainLossFinancialLiabilityFairValueOptionAttributableToParentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6654790576">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Investments (Distribution By Contractual Maturity Of Available-For-Sale and Held-To-Maturity Investments) (Detail) - Fixed Maturities [Member]<br> $ in Millions</strong></div></th>
<th class="th">
<div>Mar. 31, 2020 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis', window );">Due in one year or less</a></td>
<td class="nump">$ 476<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCostBasis', window );">Due after one year through five years</a></td>
<td class="nump">500<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenAmortizedCostBasis', window );">Due after five years through ten years</a></td>
<td class="nump">345<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenAmortizedCostBasis', window );">Due after ten years</a></td>
<td class="nump">729<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost', window );">Mortgage-Backed and Asset-Backed</a></td>
<td class="nump">721<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis', window );">Total Available-For-Sale, amortized cost</a></td>
<td class="nump">2,771<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue', window );">Due in one year or less</a></td>
<td class="nump">476<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue', window );">Due after one year through five years</a></td>
<td class="nump">506<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue', window );">Due after five years through ten years</a></td>
<td class="nump">357<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenFairValue', window );">Due after ten years</a></td>
<td class="nump">891<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue', window );">Mortgage-Backed and Asset-Backed</a></td>
<td class="nump">701<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesDebtSecurities', window );">Total Available-For-Sale, fair value</a></td>
<td class="nump">2,931<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=us-gaap_FixedMaturitiesMember', window );">Variable Interest Entity Primary Beneficiary [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesAbstract', window );"><strong>Held To Maturity Securities [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount', window );">Due in one year or less</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount', window );">Due after one year through five years</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount', window );">Due after five years through ten years</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount', window );">Due after ten years</a></td>
<td class="nump">529<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateNetCarryingAmount', window );">Mortgage-Backed and Asset-Backed</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecurities', window );">Total held-to-maturity, amortized cost</a></td>
<td class="nump">529<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue', window );">Due in one year or less</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue', window );">Due after one year through five years</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue', window );">Due after five years through ten years</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingAfterTenYearsFairValue', window );">Due after ten years</a></td>
<td class="nump">572<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue', window );">Mortgage-Backed and Asset-Backed</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesFairValue', window );">Held-To-Maturity Securities Fair Value</a></td>
<td class="nump">$ 572<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amortized cost of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118939692&amp;loc=d3e27161-111563<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=118942338&amp;loc=SL82898722-210454<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amortized cost of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), with single maturity date and allocated without single maturity date, maturing in next rolling fiscal year following latest fiscal year. For interim and annual periods when interim period is reported on rolling approach, from latest statement of financial position date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), with single maturity date and allocated without single maturity date, maturing in next rolling fiscal year following latest fiscal year. For interim and annual periods when interim period is reported on rolling approach, from latest statement of financial position date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenAmortizedCostBasis">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amortized cost of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), with single maturity date and allocated without single maturity date, maturing after rolling tenth fiscal year following latest fiscal year. For interim and annual periods when interim period is reported on rolling approach, from latest statement of financial position date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenAmortizedCostBasis</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), with single maturity date and allocated without single maturity date, maturing after rolling tenth fiscal year following latest fiscal year. For interim and annual periods when interim period is reported on rolling approach, from latest statement of financial position date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenAmortizedCostBasis">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amortized cost of investment in debt security, measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), with single maturity date and allocated without single maturity date, maturing in rolling sixth through tenth fiscal year following latest fiscal year. For interim and annual periods when interim period is reported on rolling approach, from latest statement of financial position date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenAmortizedCostBasis</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of investment in debt security, measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), with single maturity date and allocated without single maturity date, maturing in rolling sixth through tenth fiscal year following latest fiscal year. For interim and annual periods when interim period is reported on rolling approach, from latest statement of financial position date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCostBasis">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amortized cost of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), with single maturity date and allocated without single maturity date, maturing in next rolling fiscal year through fifth year following latest fiscal year. For interim and annual periods when interim period is reported on rolling approach, from latest statement of financial position date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCostBasis</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of investment in debt security, measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), with single maturity date and allocated without single maturity date, maturing in next rolling fiscal year through fifth year following latest fiscal year. For interim and annual periods when interim period is reported on rolling approach, from latest statement of financial position date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amortized cost of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), without single maturity date and not allocated over maturity grouping.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=118939692&amp;loc=d3e27198-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), without single maturity date and not allocated over maturity grouping.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=118939692&amp;loc=d3e27198-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesDebtSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=118942338&amp;loc=SL82898722-210454<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=118954083&amp;loc=d3e26610-111562<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (aa)<br> -URI http://asc.fasb.org/extlink&amp;oid=118939692&amp;loc=d3e27161-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesDebtSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_HeldToMaturitySecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of investment in debt security measured at amortized cost (held-to-maturity).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=118954083&amp;loc=d3e26610-111562<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118939692&amp;loc=d3e27232-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_HeldToMaturitySecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_HeldToMaturitySecuritiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of investment in debt security measured at amortized cost (held-to-maturity), with single maturity date and allocated without single maturity date, maturing in sixth through tenth fiscal year following latest fiscal year. Excludes interim and annual periods when interim period is reported on rolling approach, from latest statement of financial position date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5<br> -Subparagraph (f)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=118939692&amp;loc=d3e27232-111563<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 320<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=75019621&amp;loc=d3e62586-112803<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of investment in debt security measured at amortized cost (held-to-maturity), with single maturity date and allocated without single maturity date, maturing in next fiscal year through fifth fiscal year following latest fiscal year. Excludes interim and annual periods when interim period is reported on rolling approach, from latest statement of financial position date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5<br> -Subparagraph (f)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=118939692&amp;loc=d3e27232-111563<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 320<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=75019621&amp;loc=d3e62586-112803<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of investment in debt security, measured at amortized cost (held-to-maturity), with single maturity date and allocated without single maturity date, maturing after tenth fiscal year following latest fiscal year. Excludes interim and annual periods when interim period is reported on rolling approach, from latest statement of financial position date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5<br> -Subparagraph (f)(4)<br> -URI http://asc.fasb.org/extlink&amp;oid=118939692&amp;loc=d3e27232-111563<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 320<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=75019621&amp;loc=d3e62586-112803<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of investment in debt security measured at amortized cost (held-to-maturity), with single maturity date and allocated without single maturity date, maturing in next rolling fiscal year following latest fiscal year. For interim and annual periods when interim period is reported on rolling approach, from latest statement of financial position date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingAfterTenYearsFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of investment in debt security measured at amortized cost (held-to-maturity), with single maturity date and allocated without single maturity date, maturing after tenth rolling fiscal year following latest fiscal year. For interim and annual periods when interim period is reported on rolling approach, from latest statement of financial position date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingAfterTenYearsFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of investment in debt security measured at amortized cost (held-to-maturity), with single maturity date and allocated without single maturity date, maturing in sixth through tenth rolling fiscal year following latest fiscal year. For interim and annual periods when interim period is reported on rolling approach, from latest statement of financial position date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of investment in debt security measured at amortized cost (held-to-maturity), with single maturity date and allocated without single maturity date, maturing in second through fifth rolling fiscal year following latest fiscal year. For interim and annual periods when interim period is reported on rolling approach, from latest statement of financial position date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of investment in debt security measured at amortized cost (held-to-maturity), with single maturity date and allocated without single maturity date, maturing in next fiscal year following latest fiscal year. Excludes interim and annual periods when interim period is reported on rolling approach, from latest statement of financial position date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 320<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=75019621&amp;loc=d3e62586-112803<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5<br> -Subparagraph (f)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=118939692&amp;loc=d3e27232-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount</td>
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<td>instant</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of investment in debt security measured at amortized cost (held-to-maturity), without single maturity date and not allocated over maturity grouping.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=118939692&amp;loc=d3e27232-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amortized cost of investment in debt security measured at amortized cost (held-to-maturity), without single maturity date and not allocated over maturity grouping.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=118939692&amp;loc=d3e27232-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateNetCarryingAmount</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td>instant</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of investment in debt security measured at amortized cost (held-to-maturity).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5<br> -Subparagraph (aa)<br> -URI http://asc.fasb.org/extlink&amp;oid=118939692&amp;loc=d3e27232-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesFairValue</td>
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6854706016">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Consolidated Statements Of Changes In Shareholders' Equity (Unaudited) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th"><div>Total</div></th>
<th class="th"><div>Common Stock [Member]</div></th>
<th class="th"><div>Additional Paid-in Capital [Member]</div></th>
<th class="th"><div>Retained Earnings [Member]</div></th>
<th class="th"><div>Accumulated Other Comprehensive Income (Loss) [Member]</div></th>
<th class="th"><div>Treasury Stock [Member]</div></th>
<th class="th"><div>Total Shareholders' Equity Of MBIA Inc. [Member]</div></th>
<th class="th"><div>Preferred Stock [Member]</div></th>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Total equity balance at Dec. 31, 2018</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 284<span></span>
</td>
<td class="nump">$ 3,025<span></span>
</td>
<td class="nump">$ 966<span></span>
</td>
<td class="num">$ (156)<span></span>
</td>
<td class="num">$ (3,000)<span></span>
</td>
<td class="nump">$ 1,119<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesIssued', window );">Balance (in common stock shares) at Dec. 31, 2018</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">283,625,689<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockShares', window );">Balance (in treasury stock shares) at Dec. 31, 2018</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(193,803,976)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_EffectOfNewAccountingPrinciple', window );">ASU 2016-13 transition adjustment | ASU 2016-13 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss)</a></td>
<td class="num">$ (21)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(21)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent', window );">Other comprehensive income (loss)</a></td>
<td class="nump">86<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">86<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockValueAcquiredCostMethod', window );">Treasury shares acquired under share repurchase program</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">$ (4)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockSharesAcquired', window );">Treasury shares acquired under share repurchase program (in shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(487,606)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityOther', window );">Other</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 37<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityOtherShares', window );">Others (in shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">845,414<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityPeriodIncreaseDecrease', window );">Period change</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(29)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">69<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Total equity balance at Mar. 31, 2019</a></td>
<td class="nump">1,201<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,996<span></span>
</td>
<td class="nump">945<span></span>
</td>
<td class="num">(70)<span></span>
</td>
<td class="num">$ (2,967)<span></span>
</td>
<td class="nump">1,188<span></span>
</td>
<td class="nump">$ 13<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesIssued', window );">Balance (in common stock shares) at Mar. 31, 2019</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">283,625,689<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockShares', window );">Balance (in treasury stock shares) at Mar. 31, 2019</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(193,446,168)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockSharesIssued', window );">Balance (in preferred stock shares) at Mar. 31, 2019</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,315<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Total equity balance at Dec. 31, 2019</a></td>
<td class="nump">$ 839<span></span>
</td>
<td class="nump">$ 283<span></span>
</td>
<td class="nump">2,999<span></span>
</td>
<td class="nump">607<span></span>
</td>
<td class="num">(2)<span></span>
</td>
<td class="num">$ (3,061)<span></span>
</td>
<td class="nump">826<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesIssued', window );">Balance (in common stock shares) at Dec. 31, 2019</a></td>
<td class="nump">283,433,401<span></span>
</td>
<td class="nump">283,433,401<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockShares', window );">Balance (in treasury stock shares) at Dec. 31, 2019</a></td>
<td class="num">(204,000,108)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(204,000,108)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_EffectOfNewAccountingPrinciple', window );">ASU 2016-13 transition adjustment | ASU 2016-13 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(42)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss)</a></td>
<td class="num">$ (333)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(333)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent', window );">Other comprehensive income (loss)</a></td>
<td class="nump">93<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">93<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockValueAcquiredCostMethod', window );">Treasury shares acquired under share repurchase program</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">$ (65)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockSharesAcquired', window );">Treasury shares acquired under share repurchase program (in shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(8,082,756)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityOther', window );">Other</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 43<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityOtherShares', window );">Others (in shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">809,869<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityPeriodIncreaseDecrease', window );">Period change</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(38)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(342)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Total equity balance at Mar. 31, 2020</a></td>
<td class="nump">$ 497<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 2,961<span></span>
</td>
<td class="nump">$ 232<span></span>
</td>
<td class="nump">$ 91<span></span>
</td>
<td class="num">$ (3,083)<span></span>
</td>
<td class="nump">$ 484<span></span>
</td>
<td class="nump">$ 13<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesIssued', window );">Balance (in common stock shares) at Mar. 31, 2020</a></td>
<td class="nump">283,433,401<span></span>
</td>
<td class="nump">283,433,401<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockShares', window );">Balance (in treasury stock shares) at Mar. 31, 2020</a></td>
<td class="num">(211,272,995)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(211,272,995)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockSharesIssued', window );">Balance (in preferred stock shares) at Mar. 31, 2020</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,315<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_EffectOfNewAccountingPrinciple">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cumulative effect of prospective application of new accounting principle</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_EffectOfNewAccountingPrinciple</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockSharesIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669619-108580<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637391&amp;loc=SL114874048-224260<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669625-108580<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(18))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637232&amp;loc=SL114874131-224263<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(20))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br><br>Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax of other comprehensive income (loss) attributable to parent entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669625-108580<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (c)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=109239629&amp;loc=SL4573702-111684<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 20<br> -URI http://asc.fasb.org/extlink&amp;oid=108774443&amp;loc=SL4569643-111683<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669619-108580<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 19<br> -URI http://asc.fasb.org/extlink&amp;oid=108774443&amp;loc=SL4569616-111683<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockSharesIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockSharesIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 16<br> -URI http://asc.fasb.org/extlink&amp;oid=108774443&amp;loc=SL4568740-111683<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4I<br> -URI http://asc.fasb.org/extlink&amp;oid=116874947&amp;loc=SL4590271-111686<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=108774443&amp;loc=SL4568447-111683<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquityOther">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This element represents movements included in the statement of changes in stockholders' equity which are not separately disclosed or provided for elsewhere in the taxonomy.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquityOther</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquityOtherShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of increase (decrease) in shares of stock classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquityOtherShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquityPeriodIncreaseDecrease">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in stockholders' equity during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=109259400&amp;loc=d3e21463-112644<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquityPeriodIncreaseDecrease</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TreasuryStockShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.29,30)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6405813&amp;loc=d3e23239-112655<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_TreasuryStockShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TreasuryStockSharesAcquired">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of shares that have been repurchased during the period and are being held in treasury.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=109259400&amp;loc=d3e21463-112644<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_TreasuryStockSharesAcquired</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TreasuryStockValueAcquiredCostMethod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Equity impact of the cost of common and preferred stock that were repurchased during the period. Recorded using the cost method.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=109259400&amp;loc=d3e21463-112644<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6405813&amp;loc=d3e23239-112655<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_TreasuryStockValueAcquiredCostMethod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis=us-gaap_AccountingStandardsUpdate201613Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AdjustmentsForNewAccountingPronouncementsAxis=us-gaap_AccountingStandardsUpdate201613Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6857634464">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Consolidated Balance Sheets (Parenthetical) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockParOrStatedValuePerShare', window );">Preferred stock, par value</a></td>
<td class="nump">$ 1<span></span>
</td>
<td class="nump">$ 1<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockSharesAuthorized', window );">Preferred stock, authorized shares</a></td>
<td class="nump">10,000,000<span></span>
</td>
<td class="nump">10,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockSharesIssued', window );">Preferred stock, issued</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockSharesOutstanding', window );">Preferred stock, outstanding</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockParOrStatedValuePerShare', window );">Common stock, par value</a></td>
<td class="nump">$ 1<span></span>
</td>
<td class="nump">$ 1<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesAuthorized', window );">Common stock, authorized shares</a></td>
<td class="nump">400,000,000<span></span>
</td>
<td class="nump">400,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesIssued', window );">Common stock, issued shares</a></td>
<td class="nump">283,433,401<span></span>
</td>
<td class="nump">283,433,401<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AccumulatedOtherComprehensiveIncomeLossDeferredIncomeTaxes', window );">Accumulated other comprehensive income (loss), taxes</a></td>
<td class="nump">$ 8<span></span>
</td>
<td class="nump">$ 8<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockShares', window );">Treasury stock, shares</a></td>
<td class="nump">211,272,995<span></span>
</td>
<td class="nump">204,000,108<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidatedEntitiesAxis=srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember', window );">Non Variable Interest Entity [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost', window );">Fixed-maturity securities held as available-for-sale, amortized cost</a></td>
<td class="nump">$ 2,559<span></span>
</td>
<td class="nump">$ 2,705<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ShortTermInvestmentsAmortizedCost', window );">Short-term investments, amortized cost</a></td>
<td class="nump">247<span></span>
</td>
<td class="nump">423<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PremiumsReceivableAllowanceForDoubtfulAccounts', window );">Premiums receivable (net of allowance for credit losses)</a></td>
<td class="nump">4<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InvestmentsPledgedAsCollateralAmortizedCost', window );">Investments pledged as collateral, amortized cost</a></td>
<td class="nump">6<span></span>
</td>
<td class="nump">15<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesPayableFairValueDisclosure', window );">Medium-term notes, financial instruments carried at fair value</a></td>
<td class="nump">98<span></span>
</td>
<td class="nump">108<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember', window );">Variable Interest Entity Primary Beneficiary [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentFairValue', window );">Variable interest entity notes, financial instruments carried at fair value</a></td>
<td class="nump">331<span></span>
</td>
<td class="nump">403<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLoss', window );">Investments held-to-maturity, at amortized cost, allowance for credit losses</a></td>
<td class="nump">46<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesFairValue', window );">Investments held-to-maturity, fair value</a></td>
<td class="nump">$ 572<span></span>
</td>
<td class="nump">$ 892<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_AccumulatedOtherComprehensiveIncomeLossDeferredIncomeTaxes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Accumulated other comprehensive income loss, net deferred taxes</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_AccumulatedOtherComprehensiveIncomeLossDeferredIncomeTaxes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_InvestmentsPledgedAsCollateralAmortizedCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amortized cost of investments pledged as collateral.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_InvestmentsPledgedAsCollateralAmortizedCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_ShortTermInvestmentsAmortizedCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amortized cost of short-term investments</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_ShortTermInvestmentsAmortizedCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesAmortizedCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This item represents the cost of debt and equity securities, which are categorized neither as held-to-maturity nor trading, net of adjustments including accretion, amortization, collection of cash, previous other-than-temporary impairments recognized in earnings (less any cumulative-effect adjustments recognized, as defined), and fair value hedge accounting adjustments, if any.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesAmortizedCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockParOrStatedValuePerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Face amount or stated value per share of common stock.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockParOrStatedValuePerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesAuthorized">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The maximum number of common shares permitted to be issued by an entity's charter and bylaws.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockSharesAuthorized</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockSharesIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value portion of debt instrument payable, including, but not limited to, notes payable and loans payable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=118260190&amp;loc=d3e13433-108611<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of allowance for credit loss for debt security measured at amortized cost (held-to-maturity).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 20<br> -Section 50<br> -Paragraph 13<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=119407570&amp;loc=SL82919249-210447<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5<br> -Subparagraph (aaa)<br> -URI http://asc.fasb.org/extlink&amp;oid=118939692&amp;loc=d3e27232-111563<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 20<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=118955202&amp;loc=SL82895884-210446<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 20<br> -Section 50<br> -Paragraph 13<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=119407570&amp;loc=SL82919249-210447<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_HeldToMaturitySecuritiesFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of investment in debt security measured at amortized cost (held-to-maturity).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5<br> -Subparagraph (aa)<br> -URI http://asc.fasb.org/extlink&amp;oid=118939692&amp;loc=d3e27232-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NotesPayableFairValueDisclosure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value portion of notes payable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19,20,22)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NotesPayableFairValueDisclosure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockParOrStatedValuePerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockParOrStatedValuePerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockSharesAuthorized">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockSharesAuthorized</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockSharesIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockSharesIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PremiumsReceivableAllowanceForDoubtfulAccounts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The carrying value as of the balance sheet date of the estimated valuation allowance to reduce gross premiums receivable to net realizable value.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(5))<br> -URI http://asc.fasb.org/extlink&amp;oid=119400593&amp;loc=d3e572229-122910<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 20<br> -Section 50<br> -Paragraph 13<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=119407570&amp;loc=SL82919249-210447<br><br>Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 20<br> -Section 50<br> -Paragraph 13<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=119407570&amp;loc=SL82919249-210447<br><br>Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11B<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=118936363&amp;loc=SL6953423-111524<br><br>Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=118936363&amp;loc=d3e5074-111524<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PremiumsReceivableAllowanceForDoubtfulAccounts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TreasuryStockShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.29,30)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6405813&amp;loc=d3e23239-112655<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_TreasuryStockShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ConsolidatedEntitiesAxis=srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ConsolidatedEntitiesAxis=srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6655129888">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Investments - (Summary of Allowance for Credit Losses on HTM Investments) (Detail) - Variable Interest Entity Primary Beneficiary [Member]<br> $ in Millions</strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th">
<div>Mar. 31, 2020 </div>
<div>USD ($)</div>
</th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesHeldtomaturityAllowanceForCreditLossLineItems', window );"><strong>Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLoss', window );">Beginning balance</a></td>
<td class="nump">$ 0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLoss', window );">Ending balance</a></td>
<td class="nump">46<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember', window );">Accounting Standards Update 2016-13 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesHeldtomaturityAllowanceForCreditLossLineItems', window );"><strong>Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLoss', window );">Beginning balance</a></td>
<td class="nump">37<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossPeriodIncreaseDecrease', window );">Current period provision for expected credit losses</a></td>
<td class="nump">9<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease', window );">Initial allowance recognized for PCD assets</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossWriteoff', window );">Write- Offs</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossRecovery', window );">Recoveries</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLoss', window );">Ending balance</a></td>
<td class="nump">46<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=us-gaap_CorporateDebtSecuritiesMember', window );">Corporate Obligations [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesHeldtomaturityAllowanceForCreditLossLineItems', window );"><strong>Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLoss', window );">Ending balance</a></td>
<td class="nump">46<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=us-gaap_CorporateDebtSecuritiesMember', window );">Corporate Obligations [Member] | Accounting Standards Update 2016-13 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesHeldtomaturityAllowanceForCreditLossLineItems', window );"><strong>Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLoss', window );">Beginning balance</a></td>
<td class="nump">37<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossPeriodIncreaseDecrease', window );">Current period provision for expected credit losses</a></td>
<td class="nump">9<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease', window );">Initial allowance recognized for PCD assets</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossWriteoff', window );">Write- Offs</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossRecovery', window );">Recoveries</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLoss', window );">Ending balance</a></td>
<td class="nump">$ 46<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of allowance for credit loss for debt security measured at amortized cost (held-to-maturity).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 20<br> -Section 50<br> -Paragraph 13<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=119407570&amp;loc=SL82919249-210447<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5<br> -Subparagraph (aaa)<br> -URI http://asc.fasb.org/extlink&amp;oid=118939692&amp;loc=d3e27232-111563<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 20<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=118955202&amp;loc=SL82895884-210446<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 20<br> -Section 50<br> -Paragraph 13<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=119407570&amp;loc=SL82919249-210447<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossPeriodIncreaseDecrease">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) in allowance for credit loss on investment in debt security measured at amortized cost (held-to-maturity).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 20<br> -Section 50<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=119407570&amp;loc=SL82919249-210447<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossPeriodIncreaseDecrease</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase in allowance for credit loss on investment in debt security measured at amortized cost (held-to-maturity) and beneficial interest, purchased with credit deterioration.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 20<br> -Section 50<br> -Paragraph 13<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=119407570&amp;loc=SL82919249-210447<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossRecovery">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase in allowance for credit loss on investment in debt security measured at amortized cost (held-to-maturity), from recovery.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 20<br> -Section 50<br> -Paragraph 13<br> -Subparagraph (e)<br> -URI http://asc.fasb.org/extlink&amp;oid=119407570&amp;loc=SL82919249-210447<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossRecovery</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossWriteoff">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of writeoff of investment in debt security, measured at amortized cost (held-to-maturity), charged against allowance for credit loss.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 326<br> -SubTopic 20<br> -Section 50<br> -Paragraph 13<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=119407570&amp;loc=SL82919249-210447<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLossWriteoff</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtSecuritiesHeldtomaturityAllowanceForCreditLossLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtSecuritiesHeldtomaturityAllowanceForCreditLossLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis=us-gaap_AccountingStandardsUpdate201613Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AdjustmentsForNewAccountingPronouncementsAxis=us-gaap_AccountingStandardsUpdate201613Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=us-gaap_CorporateDebtSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=us-gaap_CorporateDebtSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6869960992">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Loss And Loss Adjustment Expense Reserves (Loss And LAE Activity) (Narrative) (Detail) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2020</div></th>
<th class="th"><div>Mar. 31, 2019</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseReservesLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilityWeightedAverageRiskFreeDiscountRate', window );">Weighted average risk-free rate used to discount claim liability</a></td>
<td class="nump">0.73%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ClaimLiabilityAxis=mbi_LaeMember', window );">Lae [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LossAndLossAdjustmentExpenseReservesLineItems', window );"><strong>Loss And Loss Adjustment Expense Reserves [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet', window );">Losses and loss adjustment</a></td>
<td class="nump">$ 9<span></span>
</td>
<td class="nump">$ 1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense', window );">Loss and loss adjustment expense reserves</a></td>
<td class="nump">$ 35<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 34<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ChangesInLossAndLaeReserves', window );">Changes in Loss and LAE Reserves</a></td>
<td class="text">one-year<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_ChangesInLossAndLaeReserves">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Changes in Loss and LAE Reserves</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_ChangesInLossAndLaeReserves</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td>xbrli:stringItemType</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_LossAndLossAdjustmentExpenseReservesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Loss And Loss Adjustment Expense Reserves [Line Items]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_LossAndLossAdjustmentExpenseReservesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilityWeightedAverageRiskFreeDiscountRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This element represents the weighted average risk free rate used to discount the claim liability related to financial guarantee insurance contracts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 40<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=99382878&amp;loc=SL5749324-161292<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilityWeightedAverageRiskFreeDiscountRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount needed to reflect the estimated ultimate cost of settling claims relating to insured events that have occurred on or before the balance sheet date, whether or not reported to the insurer at that date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 40<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=116884095&amp;loc=d3e14764-158437<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 40<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (cc)<br> -URI http://asc.fasb.org/extlink&amp;oid=116884095&amp;loc=d3e14764-158437<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after effects of policies assumed or ceded, of expense related to the provision for policy benefits and costs incurred.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04.5)<br> -URI http://asc.fasb.org/extlink&amp;oid=116637232&amp;loc=SL114874131-224263<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=99397103&amp;loc=d3e6811-158387<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PolicyholderBenefitsAndClaimsIncurredNet</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
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<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_ClaimLiabilityAxis=mbi_LaeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_ClaimLiabilityAxis=mbi_LaeMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6807277696">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Business Developments And Risks And Uncertainties (Narrative) (Detail) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jan. 01, 2020</div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionLineItems', window );"><strong>Business Acquisition [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ReliefFundApprovedByCongressAndPresident', window );">Relief Fund Approved By Congress And President</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 500,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_FederalLegislationPassedToCombatTheEconomicImpact', window );">Federal legislation passed to combat the economic impact</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,200,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_StatementGeographicalAxis=country_PR', window );">Puerto Rico [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionLineItems', window );"><strong>Business Acquisition [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ClaimPayments', window );">Claims payments</a></td>
<td class="nump">$ 59<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_OutstandingBonds', window );">Outstanding bonds</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 3,300<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_ClaimPayments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This element represents the gross amount of claim payments during the period</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_ClaimPayments</td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_FederalLegislationPassedToCombatTheEconomicImpact">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Federal legislation passed to combat the economic impact.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_FederalLegislationPassedToCombatTheEconomicImpact</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td>xbrli:monetaryItemType</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of outstanding bonds for a specific issuer</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_OutstandingBonds</td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_ReliefFundApprovedByCongressAndPresident">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Relief Fund Approved By Congress And President.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6658287136">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Business Segments<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2020</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TextBlockAbstract', window );"><strong>Text Block [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingDisclosureTextBlock', window );">Business Segments</a></td>
<td class="text"><div id="toc893688_18" style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 10: Business Segments </div></div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As defined by segment reporting, an operating segment is a component of a company (i)&#160;that engages in business activities from which it earns revenue and incurs expenses, (ii)&#160;whose operating results are regularly reviewed by the Chief Operating Decision Maker to assess the performance of the segment and to make decisions about the allocation of resources to the segment and, (iii)&#160;for which discrete financial information is available. </div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company manages its businesses across three operating segments: 1) U.S. public finance insurance; 2) corporate; and 3) international and structured finance insurance. The Company&#8217;s U.S. public finance insurance business is operated through National and its international and structured finance insurance business is operated through MBIA Corp. </div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following sections provide a description of each of the Company&#8217;s reportable operating segments. </div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">U.S. Public Finance Insurance </div></div></div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The Company&#8217;s U.S. public finance insurance portfolio is managed through National. The financial guarantees issued by National provide unconditional and irrevocable guarantees of the payment of the principal of, and interest or other amounts owing on, U.S. public finance insured obligations when due. The obligations are not subject to acceleration, except that National may have the right, at its discretion, to accelerate insured obligations upon default or otherwise. National&#8217;s guarantees insure municipal bonds, including <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">tax-exempt</div> and taxable indebtedness of U.S. political subdivisions, as well as utilities, airports, health care institutions, higher educational facilities, student loan issuers, housing authorities and other similar agencies and obligations issued by private entities that finance projects that serve a substantial public purpose. Municipal bonds and privately issued bonds used for the financing of public purpose projects are generally supported by taxes, assessments, fees or tariffs related to the use of these projects, lease payments or other similar types of revenue streams.</div><div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Corporate </div></div></div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The Company&#8217;s corporate segment consists of general corporate activities, including providing support services to MBIA Inc.&#8217;s subsidiaries as well as asset and capital management. Support services are provided by the Company&#8217;s service company, MBIA Services, and include, among others, management, legal, accounting, treasury, information technology, and insurance portfolio surveillance, on a <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">fee-for-service</div> basis. Capital management includes activities related to servicing obligations issued by MBIA Inc. and its subsidiaries, MBIA Global Funding, LLC (&#8220;GFL&#8221;) and MBIA Investment Management Corp. (&#8220;IMC&#8221;). MBIA Inc. issued debt to finance the operations of the MBIA group. GFL raised funds through the issuance of MTNs with varying maturities, which were in turn guaranteed by MBIA Corp. GFL lent the proceeds of these MTN issuances to MBIA Inc. IMC, along with MBIA Inc., provided customized investment agreements, guaranteed by MBIA Corp., for bond proceeds and other public funds for such purposes as construction, loan origination, escrow and debt service or other reserve fund requirements. The Company has ceased issuing new MTNs and investment agreements and the outstanding liability balances and corresponding asset balances have declined over time as liabilities matured, terminated or were called or repurchased. All of the debt within the corporate segment is managed collectively and is serviced by available liquidity.</div><div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">International and Structured Finance Insurance </div></div></div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The Company&#8217;s international and structured finance insurance segment is principally conducted through MBIA Corp. The financial guarantees issued by MBIA Corp. generally provide unconditional and irrevocable guarantees of the payment of principal of, and interest or other amounts owing on, <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-U.S.</div> public finance and global structured finance insured obligations when due, or in the event MBIA Corp. has the right, at its discretion, to accelerate insured obligations upon default or otherwise. MBIA Corp. insures the investment contracts written by MBIA Inc., and if MBIA Inc. were to have insufficient assets to pay amounts due upon maturity or termination, MBIA Corp. would make such payments. MBIA Corp. insures debt obligations of the following affiliates:</div><div style="margin-top: 6pt; margin-bottom: 0px;"/>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px; table-layout: fixed;">
<tr style="page-break-inside: avoid;">
<td style="width: 5%; text-align: left;">&#160;</td>
<td style="width: 3%; vertical-align: top;">&#8226;</td>
<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">MBIA Inc.;</td></tr></table><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/>
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<td style="width: 3%; vertical-align: top;">&#8226;</td>
<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">GFL;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="margin-top: 6pt; margin-bottom: 0px;"/>
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<td style="width: 3%; vertical-align: top;">&#8226;</td>
<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">IMC;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="margin-top: 6pt; margin-bottom: 0px;"/>
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<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">MZ Funding LLC; and</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="margin-top: 6pt; margin-bottom: 0px;"/>
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<td style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">LaCrosse Financial Products, LLC, a wholly-owned affiliate, to which MBIA Insurance Corporation has written insurance policies guaranteeing the obligations under CDS. Certain policies cover payments potentially due under CDS, including termination payments that may become due in certain circumstances, including the occurrence of certain insolvency or payment defaults under the CDS or derivatives contracts by the insured counterparty or by the&#160;guarantor.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;">MBIA Corp. insures <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-U.S.</div> public finance and global structured finance obligations, including asset-backed obligations. MBIA Corp. has insured sovereign-related and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">sub-sovereign</div> bonds, utilities, privately issued bonds used for the financing of projects that include toll roads, bridges, airports, public transportation facilities, and other types of infrastructure projects serving a substantial public purpose. Global structured finance and asset-backed obligations typically are securities repayable from expected cash flows generated by a specified pool of assets, such as residential and commercial mortgages, insurance policies, consumer loans, corporate loans and bonds, trade and export receivables, and leases for equipment, aircraft and real estate property. MBIA Corp. has also written policies guaranteeing obligations under certain other derivative contracts, including termination payments that may become due upon certain insolvency or payment defaults of the financial guarantor or the issuer. The Company is no longer insuring new CDS contracts except for transactions related to the restructuring of existing exposures. MBIA Corp. has not written any meaningful amount of business since 2008.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Segments Results </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following tables provide the Company&#8217;s segment results for the three months ended March&#160;31, 2020 and 2019: </div></div>
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<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="18" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Three Months Ended March&#160;31, 2020</div></div> </td>
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<td style="white-space: nowrap; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">U.S.&#160;Public<br/> Finance<br/> Insurance</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
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<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Corporate</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">International<br/> and&#160;Structured<br/> Finance<br/> Insurance</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
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<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Eliminations</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Consolidated</div></div> </td>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Revenues<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(1)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">30&#160;</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">6&#160;</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7&#160;</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">43&#160;</div> </td>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Net gains (losses) on financial instruments at fair value and foreign exchange</div> </td>
<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(18)</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(56)</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">11&#160;</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(63)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Revenues of consolidated VIEs</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">14&#160;</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">14&#160;</div> </td>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Inter-segment revenues<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(2)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7&#160;</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">18&#160;</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">4&#160;</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(29)</div> </td>
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<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total revenues</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">19&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(32)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">36&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(29)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(6)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Losses and loss adjustment</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">48&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">195&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">243&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Operating</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">14&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">4&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">20&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Interest</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">16&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">31&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">47&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Expenses of consolidated VIEs</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">17&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">17 </div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Inter-segment expenses<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(2)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">14&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">6&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">9&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(29)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total expenses</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">64&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">36&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">256&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(29)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">327&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Income (loss) before income taxes</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(68)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(220)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(333)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Identifiable assets</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">3,867&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,000&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">4,051&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(2,286)</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"><div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(3)</div>&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">6,632&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
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<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Represents the sum of third-party financial guarantee net premiums earned, net investment income, insurance-related fees and reimbursements and other fees.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(2)&#160;-</td>
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<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(3)&#160;-</td>
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<table border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; border-spacing: 0px; width: 100%; margin-left: auto; margin-right: auto;">
<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:55%;">&#160;</td>
<td style="width:6%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:6%;">&#160;</td>
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<td>&#160;</td>
<td style="width:6%;">&#160;</td>
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<td>&#160;</td>
<td style="width:6%;">&#160;</td>
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<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:6%;">&#160;</td>
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<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="18" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Three Months Ended March&#160;31, 2019</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="white-space: nowrap; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">U.S.&#160;Public<br/> Finance<br/> Insurance</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Corporate</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">International<br/> and&#160;Structured<br/> Finance<br/> Insurance</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Eliminations</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); padding-bottom: 0in;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Consolidated</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Revenues<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(1)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">38&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">10&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="text-align: right; width: 7%; padding: 0pt 4pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="padding-right: 3pt; margin-bottom: 0pt; margin-top: 0pt;">&#160;</td>
<td style="vertical-align:top;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;<div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">55&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Net change in fair value of insured derivatives</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">14&#160;</div> </td>
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<td style="text-align: right; width: 7%; padding: 0pt 4pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">14&#160;</div> </td>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Net gains (losses) on financial instruments at fair value and foreign exchange</div> </td>
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<td style="text-align: right; width: 8%; height: 30px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="text-align: right; width: 7%; padding: 0pt 4pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">22&#160;</div> </td>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Net investment losses related to other-than-temporary impairments</div> </td>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other net realized gains (losses)</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1&#160;</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1&#160;</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1&#160;</div> </td>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Revenues of consolidated VIEs</div> </td>
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<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Inter-segment revenues<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(2)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">19&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">3&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(29)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
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<td style="text-align: right; width: 8%; height: 16px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total revenues</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">28&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">50&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Losses and loss adjustment</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(50)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
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<td style="text-align: right; width: 6%; height: 16px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">12&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 7%; height: 16px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(38)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Operating</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">22&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">6&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 7%; height: 16px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">30&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Interest</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 6%; height: 16px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">19&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">33&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 7%; height: 16px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">52&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Expenses of consolidated VIEs</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 6%; height: 16px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 5%; height: 16px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">25&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 7%; height: 16px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">25&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Inter-segment expenses<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(2)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">15&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">6&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">8&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(29)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="text-align: right; width: 8%; height: 16px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total expenses</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(33)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">47&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">84&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(29)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">69&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Income (loss) before income taxes</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">77&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(40)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(56)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="text-align: right; width: 7%; height: 16px; padding: 0pt 3pt 0pt 0pt;"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(19)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0);">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); padding-bottom: 0in;">&#160;</td>
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<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Represents the sum of third-party financial guarantee net premiums earned, net investment income, insurance-related fees and reimbursements and other fees.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/>
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<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Represents intercompany premium income and expense and intercompany interest income and expense pertaining to intercompany receivables and payables.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -URI http://asc.fasb.org/topic&amp;trid=2134510<br></p></div>
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6870542320">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Significant Accounting Policies<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
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<tr><th class="th"><div>Mar. 31, 2020</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SignificantAccountingPoliciesTextBlock', window );">Significant Accounting Policies</a></td>
<td class="text"><div id="toc893688_10" style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 2: Significant Accounting Policies </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The Company has disclosed its significant accounting policies in &#8220;Note 2: Significant Accounting Policies&#8221; in the Notes to Consolidated Financial Statements included in the Company&#8217;s Annual Report on Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">10-K</div> for the year ended December&#160;31, 2019. The following significant accounting policies provide an update to those included in the Company&#8217;s Annual Report on Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">10-K. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Basis of Presentation </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The accompanying unaudited consolidated financial statements have been prepared in accordance with the instructions to Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">10-Q</div> and Article 10 of Regulation <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">S-X</div> and, accordingly, do not include all of the information and disclosures required by accounting principles generally accepted in the United States of America (&#8220;GAAP&#8221;) for annual periods. These statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Annual Report on Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">10-K</div> for the year ended December&#160;31, 2019. The accompanying consolidated financial statements have not been audited by an independent registered public accounting firm in accordance with the standards of the Public Company Accounting Oversight Board (U.S.), but in the opinion of management such financial statements include all adjustments, consisting only of normal recurring adjustments, necessary for the fair statement of the Company&#8217;s consolidated financial position and results of operations. All material intercompany balances and transactions have been eliminated.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. As additional information becomes available or actual amounts become determinable, the recorded estimates are revised and reflected in operating results. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The results of operations for the three months ended March&#160;31, 2020 may not be indicative of the results that may be expected for the year ending December&#160;31, 2020. The December&#160;31, 2019 consolidated balance sheet was derived from audited financial statements, but does not include all disclosures required by GAAP for annual periods. </div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The Company classifies its investments as <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">available-for-sale</div> (&#8220;AFS&#8221;), <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">held-to-maturity</div> (&#8220;HTM&#8221;), or trading. AFS investments are reported in the consolidated balance sheets at fair value with <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-credit</div> related unrealized gains and losses, net of applicable deferred income taxes, reflected in accumulated other comprehensive income (loss) (&#8220;AOCI&#8221;) in shareholders&#8217; equity. The specific identification method is used to determine realized gains and losses on AFS securities. HTM investments, for which the Company has the ability and intent to hold such investments to maturity, are reported in the consolidated balance sheets at amortized cost. Investments carried at fair value consist of equity instruments, and certain investments elected under the fair value option, or classified as trading. Short-term investments held as AFS include all fixed-maturity securities with a remaining maturity of less than one year at the date of purchase, commercial paper and money market securities. Changes in fair value of investments carried at fair value and realized gains and losses from the sale of investment securities are reflected in earnings as part of &#8220;Net gains (losses) on financial instruments at fair value and foreign exchange&#8221; on the Company&#8217;s consolidated statements of operations.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investment income is recorded as earned which includes the current period interest accruals deemed collectible. Accrued interest income is recorded as part of &#8220;Other assets&#8221; on the Company&#8217;s consolidated balance sheets. Bond discounts and premiums are amortized using the effective yield method over the remaining term of the securities and reported in &#8220;Net investment income&#8221; on the Company&#8217;s consolidated statements of operations. However, premiums on certain callable debt securities are amortized to the earliest call date. For MBS and asset-backed securities (&#8220;ABS&#8221;), discounts and premiums are amortized using the retrospective or prospective method. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Effective January&#160;1, 2020, accrued interest income on debt securities is not assessed for credit losses as the Company reverses any past due accrued interest income and charges it against net investment income. Interest income is subsequently recognized to the extent cash is received. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Credit Losses on Debt Securities </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">For AFS debt securities, the Company&#8217;s consolidated statements of operations reflect the full impairment (the difference between a security&#8217;s amortized cost basis and fair value) if the Company intends to sell or would more likely than not be required to sell before the expected recovery of the amortized cost basis. For AFS debt securities in an unrealized loss position and HTM debt securities that the Company has the intent and ability to hold, the securities are evaluated on a quarterly basis to determine if a credit loss exists. The Company considers a credit loss exists when the Company does not expect to recover the entire amortized cost basis of the debt security. The Company measures the allowance for credit loss on a <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">security-by-security</div> basis as the difference between the recorded investment and the present value of the cash flows expected to be collected, discounted at the instrument&#8217;s effective interest rate. In the event of a credit loss, only the amount of impairment associated with the credit loss is recognized in income and reflected in earnings as part of &#8220;Other net realized gains (losses)&#8221; on the Company&#8217;s statements of operations.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Effective January&#160;1, 2020, the Company no longer records impairment for credit losses as adjustments to the amortized cost of the debt securities, but rather records an allowance for credit loss. For AFS debt securities, adjustments to the amortized cost basis are recorded if there is an intent to sell before recovery from impairment. For debt securities with an allowance for credit loss, changes in credit losses including accretion of the allowance for credit losses are recognized through other net realized gains (losses) as discussed above. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financial Guarantee Insurance Premiums </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The Company has disclosed its financial guarantee insurance premiums in &#8220;Note 2: Significant Accounting Policies&#8221; and &#8220;Note: 5 Insurance Premiums&#8221; in the Notes to Consolidated Financial Statements included in the Company&#8217;s Annual Report on Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">10-K</div> for the year ended December&#160;31, 2019. Below is an update on the Company&#8217;s premium receivables accounting policy.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Credit Losses on Premium Receivables </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company evaluates the collectability of outstanding premium receivables on a quarterly basis and measures any allowance for credit losses as the difference between the receivable amounts compared to the projected net present value of premiums expected to be collected, discounted at the effective interest rate which is the risk-free rate for the insurance contracts. The estimation of the allowance for credit losses involves substantial judgment, requires forecasting cash flows, and incorporates any historical experience of uncollectible balances, future performance of the transaction&#8217;s underlying assets, certain macro-economic factors and each transaction&#8217;s liability structure, including the seniority of premium payments to the Company. </div></div></div> <div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div> <span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for all significant accounting policies of the reporting entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -URI http://asc.fasb.org/topic&amp;trid=2122369<br></p></div>
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6650539168">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Fair Value Of Financial Instruments<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
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<tr><th class="th"><div>Mar. 31, 2020</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueDisclosuresTextBlock', window );">Fair Value Measurement</a></td>
<td class="text"><div id="toc893688_14" style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 6: Fair Value of Financial Instruments </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Fair Value Measurement </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financial Assets and Liabilities </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financial assets held by the Company primarily consist of investments in debt securities, loans receivables at fair value and loan repurchase commitments held by consolidated VIEs. Financial liabilities, excluding derivative liabilities, issued by the Company primarily consist of debt issued for general corporate purposes within its corporate segment, medium-term notes (&#8220;MTNs&#8221;), investment agreements and debt issued by consolidated VIEs. The Company&#8217;s derivative liabilities are primarily interest rate swaps and insured credit derivatives. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Valuation Techniques </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Valuation techniques for financial instruments measured at fair value are described below. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;">Fixed-Maturity Securities Held as <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Available-For-Sale,</div> Investments Carried at Fair Value, Investments Pledged as Collateral and Short-term Investments</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">These investments include investments in U.S. Treasury and government agencies, state and municipal bonds, foreign governments, corporate obligations, MBS, ABS, money market securities, and perpetual debt and equity securities. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Substantially all of these investments are valued based on recently executed transaction prices or quoted market prices by independent third parties, including pricing services and brokers. When quoted market prices are not available, fair value is generally determined using quoted prices of similar investments or a valuation model based on observable and unobservable inputs. Inputs vary depending on the type of investment. Observable inputs include contractual cash flows, interest rate yield curves, CDS spreads, prepayment and volatility scores, diversity scores, cross-currency basis index spreads, and credit spreads for structures similar to the financial instrument in terms of issuer, maturity and seniority. Unobservable inputs include cash flow projections and the value of any credit enhancement. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The investment in the fixed-income fund was measured at fair value by applying the net asset value per share practical expedient.&#160;The investment in the fixed-income fund may be redeemed on a quarterly basis with prior redemption notification of ninety days subject to withdrawal limitations.&#160;The investment is required to be held for a minimum of twelve months, and any subsequent quarterly redemption is limited to 25% of the investment or a complete redemption over four consecutive quarters in the amounts of 25%, 33%, 50%, and 100% of the remaining investment balance as of the first, second, third and fourth consecutive quarters, respectively. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments based on quoted market prices of identical investments in active markets are classified as Level&#160;1 of the fair value hierarchy. Level&#160;1 investments generally consist of U.S. Treasury and government agency and perpetual debt and equity securities. Quoted market prices of investments in less active markets, as well as investments which are valued based on other than quoted prices for which the inputs are observable, such as interest rate yield curves, are categorized in Level&#160;2 of the fair value hierarchy. Investments that contain significant inputs that are not observable are categorized as Level&#160;3. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Cash and Cash Equivalents </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The carrying amounts of cash and cash equivalents approximate fair value due to the short-term nature and credit worthiness of these instruments and are categorized in Level&#160;1 of the fair value hierarchy. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Loans Receivable at Fair Value </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Loans receivable at fair value are comprised of loans and other instruments held by consolidated VIEs consisting of residential mortgage loans are categorized in Level&#160;3 of the fair value hierarchy. Fair values of residential mortgage loans are determined using quoted prices for MBS issued by the respective VIE and adjusted for the fair values of the financial guarantees provided by MBIA Corp. on the related MBS. The fair values of the financial guarantees consider expected claim payments, net of recoveries, under MBIA Corp.&#8217;s policies. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Loan Repurchase Commitments </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Loan repurchase commitments are obligations owed by the sellers/servicers of mortgage loans to MBIA as reimbursement of paid claims. Loan repurchase commitments are assets of the consolidated VIEs. These assets represent the rights of MBIA against the sellers/servicers for breaches of representations and warranties that the securitized residential mortgage loans sold to the trust to comply with stated underwriting guidelines and for the sellers/servicers to cure, replace, or repurchase mortgage loans. Fair value measurements of loan repurchase commitments represent the amounts owed by the sellers/servicers to MBIA as reimbursement of paid claims and contractual interest. Loan repurchase commitments are not securities and no quoted prices or comparable market transaction information are observable or available. Fair values of loan repurchase commitments are determined using discounted cash flow techniques and are categorized in Level&#160;3 of the fair value hierarchy. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other Assets </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">A VIE consolidated by the Company has entered into a derivative instrument consisting of a cross currency swap. The cross currency swap is entered into to manage the variability in cash flows resulting from fluctuations in foreign currency rates. The fair value of the VIE derivative is determined based on inputs from unobservable cash flows projection of the derivative, discounted using observable discount rates. As the significant inputs are unobservable, the derivative contract is categorized in Level&#160;3 of the fair value hierarchy. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;">Other assets also include receivables representing the right to receive reimbursement payments on claim payments expected to be made on certain insured VIE liabilities due to risk mitigating transactions with third parties executed to effectively defease, or, <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">in-substance</div> commute the Company&#8217;s exposure on its financial guarantee policies. The right to receive reimbursement payments is based on the value of the Company&#8217;s financial guarantee determined using the cash flow model.&#160;The fair value of the financial guarantee primarily contains unobservable inputs and is categorized in Level&#160;3 of the fair value hierarchy.</div>  <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Medium-term Notes at Fair Value </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company has elected to measure certain MTNs at fair value on a recurring basis. The fair values of certain MTNs are based on quoted market prices provided by third-party sources, where available. When quoted market prices are not available, the Company applies a matrix pricing grid to determine fair value based on the quoted market prices received for similar instruments and considering the MTNs&#8217; stated maturity and interest rate. Nonperformance risk is included in the quoted market prices and the matrix pricing grid. MTNs are categorized in Level&#160;3 of the fair value hierarchy and do not include accrued interest. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Variable Interest Entity Notes </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The fair values of VIE notes are determined based on recently executed transaction prices or quoted prices where observable. When position-specific quoted prices are not observable, fair values are based on quoted prices of similar securities. Fair values based on quoted prices of similar securities may be adjusted for factors unique to the securities, including any credit enhancement. Observable inputs include interest rate yield curves and bond spreads of similar securities. Unobservable inputs include the value of any credit enhancement. VIE notes are categorized in Level&#160;2 or Level&#160;3 of the fair value hierarchy based on the lowest level input that is significant to the fair value measurement in its entirety. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Derivatives </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The corporate segment has entered into derivative transactions primarily consisting of interest rate swaps. Fair values of <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">over-the-counter</div> derivatives are determined using valuation models based on observable inputs, nonperformance risk of the Company and nonperformance risk of the counterparties. Observable and market-based inputs include interest rate yields, credit spreads and volatilities. These derivatives are categorized in Level&#160;2 or Level&#160;3 of the fair value hierarchy based on the lowest level input that is significant to the fair value measurement in its entirety.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Derivatives&#8212;Insurance </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The derivative contracts insured by the Company cannot be legally traded and generally do not have observable market prices. The Company determines the fair values of certain insured credit derivatives using valuation models based on observable inputs and considering nonperformance risk of the Company. These insured credit derivatives are categorized in Level&#160;2 of the fair value hierarchy. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company uses an internally developed Direct Price Model to value an insured credit derivative that incorporates market prices or estimated prices for all collateral within the transaction, the present value of the market-implied potential losses, and nonperformance risk. The valuation of the insured credit derivative includes the impact of its credit standing. The insured credit derivative is categorized in Level&#160;3 of the fair value hierarchy based on unobservable inputs that are significant to the fair value measurement in its entirety. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Derivatives&#8212;Other </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company also has other derivative liabilities as a result of a commutation that occurred in 2014. The fair value of the derivative is determined using a discounted cash flow model. Key inputs include unobservable cash flows projected over the expected term of the derivative. As the significant inputs are unobservable, the derivative contract is categorized in Level&#160;3 of the fair value hierarchy. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other Liabilities </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other payable relates to certain contingent consideration. The fair value of the liability is based on the cash flow methodologies using observable and unobservable inputs. Unobservable inputs include invested asset balances and asset management fees that are significant to the fair value estimate and the liability is categorized in Level&#160;3 of the fair value hierarchy. </div></div>  <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Significant Unobservable Inputs </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following tables provide quantitative information regarding the significant unobservable inputs used by the Company for assets and liabilities measured at fair value on a recurring basis as of March&#160;31, 2020 and December&#160;31, 2019: </div></div>
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<td style="padding: 0px; vertical-align: top; white-space: nowrap; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Impact of financial guarantee<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(2)</div></div></div> </td>
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<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-28%&#160;-&#160;161%&#160;(19%)<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(1)</div></div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Loan repurchase commitments </div></div> </td>
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<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;">&#160;</td>
<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">506 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Discounted cash flow </div></div> </td>
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<td style="padding: 0px; vertical-align: top; white-space: nowrap; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Recovery rates<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(3)</div> Breach rates<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(3)</div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;">&#160;</td>
<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;">&#160;</td> </tr>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: justify; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Liabilities of consolidated VIEs: </div></div> </td>
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<td style="padding: 0px; text-align: justify; vertical-align: top; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; vertical-align: top; white-space: nowrap; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"/> </td>
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<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;">&#160;</td>
<td style="padding: 0px; text-align: justify; vertical-align: top; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;">&#160;</td> </tr>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Variable interest entity notes </div></div> </td>
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<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">281 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Market prices of VIE assets adjusted for financial guarantees provided </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Impact of financial guarantee </div></div> </td>
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<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; text-align: right; vertical-align: top; white-space: nowrap; background-color: rgb(204, 238, 255);"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal; white-space: nowrap;">34%<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">&#160;-</div>&#160;74%&#160;(60%)<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt; white-space: nowrap;;display:inline;">(1)</div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td> </tr>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(255, 255, 255);"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">C<div style="letter-spacing: 0px; top: 0px;;display:inline;">redit d<div style="letter-spacing: 0px; top: 0px;;display:inline;">eri<div style="letter-spacing: 0px; top: 0px;;display:inline;">vative liabilit<div style="letter-spacing: 0px; top: 0px;;display:inline;">i</div>es<div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#8211;&#160;</div></div></div></div></div>CMBS </div></div> </td>
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<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt; background-color: rgb(255, 255, 255);"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(255, 255, 255);">&#160;</td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(255, 255, 255);">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(255, 255, 255);"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Direct Price Model </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(255, 255, 255);"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Nonperformance risk </div></div> </td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(255, 255, 255);">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt; background-color: rgb(255, 255, 255);"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">54% - 54% (54%) </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other derivative liabilities </div></div> </td>
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<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">37 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Discounted cash flow </div></div> </td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Cash flows </div></div> </td>
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<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">$0 - $49 ($25)<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(4)</div></div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="text-align: center;"> <div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> </div>
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<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
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<td style="width: 3%; vertical-align: top; white-space: nowrap;">(2)&#160;-</td>
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<td style="width: 3%; vertical-align: top; white-space: nowrap;">(3)&#160;-</td>
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<td style="width: 3%; vertical-align: top; white-space: nowrap;">(4)&#160;-</td>
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<td style="width: 1%; font-family: Arial; padding: 0px;">&#160;</td>
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<td style="width: 1%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 1%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="width: 1%; font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td>
<td style="font-family: Arial; padding: 0px;">&#160;</td> </tr>
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<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions </div></div></div> </td>
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<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Fair&#160;Value&#160;as&#160;of<br/> December&#160;31,&#160;2019 </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Valuation Techniques </div></div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Unobservable Input </div></div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Range </div></div></div> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(Weighted Average) </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Assets of consolidated VIEs: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt;"> <div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt;"> <div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Loans receivable at fair&#160;value </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;">$</td>
<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">136 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Market prices adjusted for financial guarantees provided to VIE obligations </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; vertical-align: top; white-space: nowrap; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Impact of financial guarantee<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(1)</div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;">&#160;</td>
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<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Loan repurchase commitments </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;">&#160;</td>
<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">486 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Discounted cash flow </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; vertical-align: top; white-space: nowrap; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Recovery rates<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(2)</div> Breach rates<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(2)</div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;">&#160;</td>
<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: justify; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Liabilities of consolidated VIEs: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;">&#160;</td>
<td style="padding: 0px; text-align: justify; vertical-align: top; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; vertical-align: top; white-space: nowrap; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"/> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top;">&#160;</td>
<td style="padding: 0px; text-align: justify; vertical-align: top; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Variable interest entity notes </div></div> </td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">347 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Market prices of VIE assets adjusted for financial guarantees provided </div></div> </td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Impact of financial guarantee </div></div> </td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">37%&#160;-&#160;76%&#160;(61%) </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td> </tr>
<tr style="font-size: 10pt; break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(255, 255, 255);"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">Credit d<div style="letter-spacing: 0px; top: 0px;;display:inline;">e<div style="letter-spacing: 0px; top: 0px;;display:inline;">rivative liabilities &#8211;<div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></div>CMBS </div></div> </td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(255, 255, 255);">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt; background-color: rgb(255, 255, 255);"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7</div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(255, 255, 255);">&#160;</td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(255, 255, 255);">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(255, 255, 255);"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Direct Price Model </div></div> </td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(255, 255, 255);">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(255, 255, 255);"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Nonperformance risk </div></div> </td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(255, 255, 255);">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt; background-color: rgb(255, 255, 255);"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">54%&#160;-&#160;54% (54%) </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(255, 255, 255);">&#160;</td> </tr>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other derivative liabilities </div></div> </td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; text-align: right; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">34 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Discounted cash flow </div></div> </td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);"> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Cash flows </div></div> </td>
<td style="vertical-align: top; font-family: Arial; background-color: rgb(204, 238, 255);">&#160;</td>
<td style="padding: 0px; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
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<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Negative percentage represents financial guarantee policies in a receivable position.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="margin-top: 6pt; margin-bottom: 0px;"/>
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<td style="width: 3%; vertical-align: top; white-space: nowrap;">(2)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Recovery rates include assumptions about legal risk in the enforcement of the Company&#8217;s contract and breach rates represent estimates of the percentage of ineligible loans.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="margin-top: 6pt; margin-bottom: 0px;"/>
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<td style="width: 3%; vertical-align: top; white-space: nowrap;">(3)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Midpoint of cash flows are used for the weighted average.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Sensitivity of Significant Unobservable Inputs </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The significant unobservable input used in the fair value measurement of the Company&#8217;s residential loans receivable at fair value of consolidated VIEs is the impact of the financial guarantee. The fair value of residential loans receivable is calculated by subtracting the value of the financial guarantee from the market value of VIE liabilities. The value of a financial guarantee is estimated by the Company as the present value of expected cash payments, net of recoveries, under the policy. If there had been a lower expected cash flow on the underlying loans receivable of the VIE, the value of the financial guarantee provided by the Company under the insurance policy would have been higher. This would have resulted in a lower fair value of the residential loans receivable in relation to the obligations of the VIE. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The significant unobservable inputs used in the fair value measurement of the Company&#8217;s loan repurchase commitments of consolidated VIEs are a breach rate, which represents the percentage of ineligible loans held within a trust, and a recovery rate, which reflects the estimate of future cash receipts including legal risk in the enforcement of the Company&#8217;s contractual rights. Significant increases or decreases in the breach rate assumptions would have resulted in significantly higher or lower fair values of the loan repurchase commitments, respectively. Additionally, changes in assumptions about the Company&#8217;s legal risk would have impacted the recovery rate assumptions, which would have significantly impacted the fair value measurement. The estimated recoveries of the loan repurchase commitments may differ from the actual recoveries that may be received in the future. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The significant unobservable input used in the fair value measurement of the Company&#8217;s VIE notes of consolidated VIEs is the impact of the financial guarantee. The fair value of VIE notes is calculated by adding the value of the financial guarantee to the market value of VIE assets. The value of a financial guarantee is estimated by the Company as the present value of expected cash payments under the policy. If the value of the guarantee provided by the Company to the obligations issued by the VIE had increased, the credit support would have added value to the liabilities of the VIE. This would have resulted in an increased fair value of the liabilities of the VIE. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The significant unobservable input used in the fair value measurement of MBIA Corp.&#8217;s commercial mortgage-backed securities (&#8220;CMBS&#8221;) credit derivative, which is valued using the Direct Price Model, is nonperformance risk. The nonperformance risk is an assumption of MBIA Corp.&#8217;s own ability to pay and whether MBIA Corp. will have the necessary resources to pay the obligations as they come due. Any significant increase or decrease in MBIA Corp.&#8217;s nonperformance risk would have resulted in a decrease or increase in the fair value of the derivative liabilities, respectively. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The significant unobservable input used in the fair value measurement of MBIA Corp.&#8217;s other derivatives, which are valued using a discounted cash flow model, is the estimates of future cash flows discounted using market rates and CDS spreads. Any significant increase or decrease in future cash flows would have resulted in an increase or decrease in the fair value of the derivative liability, respectively. </div></div>  <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Fair Value Measurements </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following tables present the fair value of the Company&#8217;s assets (including short-term investments) and liabilities measured and reported at fair value on a recurring basis as of March&#160;31, 2020 and December&#160;31, 2019: </div></div>
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<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="14" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair Value Measurements at Reporting Date Using</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
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<td colspan="2" style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Quoted&#160;Prices&#160;in<br/> Active Markets<br/> for Identical<br/> Assets (Level 1)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Significant<br/> Other<br/> Observable<br/> Inputs<br/> (Level 2)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Significant<br/> Unobservable<br/> Inputs (Level<br/> 3)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Counterparty<br/> and Cash<br/> Collateral<br/> Netting</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Balance&#160;as&#160;of<br/> March&#160;31,<br/> 2020</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Assets:</div> </td>
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<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Fixed-maturity investments:</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">U.S. Treasury and government agency</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">763</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">105</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">868</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">192</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">192</div> </td>
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<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Foreign governments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Corporate obligations</div> </td>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Mortgage-backed securities:</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">283</div> </td>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Asset-backed securities:</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">114</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">279</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">280</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 7em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total fixed-maturity investments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">763</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2,261</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">3,025</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Money market securities</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">35</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">35</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Perpetual debt and equity securities</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">27</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">21</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">48</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Fixed-income fund</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">45</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"><div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(1)</div>&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Cash and cash equivalents</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">212</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">212</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Derivative assets:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Non-insured</div> derivative assets:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 5em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Interest rate derivatives</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="15" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair Value Measurements at Reporting Date Using</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
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<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Quoted&#160;Prices&#160;in<br/> Active Markets<br/> for Identical<br/> Assets (Level 1)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Significant<br/> Other<br/> Observable<br/> Inputs<br/> (Level 2)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Significant<br/> Unobservable<br/> Inputs<br/> (Level&#160;3)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Counterparty<br/> and Cash<br/> Collateral<br/> Netting</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Balance&#160;as&#160;of<br/> March&#160;31,<br/> 2020</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Assets of consolidated VIEs:</div> </td>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Corporate obligations</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">8</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">8</div> </td>
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<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Mortgage-backed securities:</div> </td>
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<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Residential mortgage-backed <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-agency </div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">38</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">38</div> </td>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Commercial mortgage-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">15</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">15</div> </td>
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<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Asset-backed securities:</div> </td>
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<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Collateralized debt obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other asset-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Cash</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">5</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">5</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Loans receivable at fair value:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Residential loans receivable</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">98</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">98</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Loan repurchase commitments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">506</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">506</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other assets:</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Currency derivatives</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">18</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">18</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">15</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">15</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:11pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total assets</div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,042</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2,358</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">638</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">4,083</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Liabilities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:11pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Medium-term notes</div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">98</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">98</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Derivative liabilities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Insured derivatives:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Credit derivatives</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">8</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">10</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Non-insured</div> derivatives:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Interest rate derivatives</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">190</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(31</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">159</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">37</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">37</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Liabilities of consolidated VIEs:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Variable interest entity notes</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">50</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">281</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">331</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:11pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total liabilities</div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">242</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">424</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(31</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">635</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="text-align: center;"> <div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> </div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Investment that was measured at fair value by applying the net asset value per share practical expedient, and was required not to be classified in the fair value hierarchy.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div>  <div/> <div style="margin-top: 1em; margin-bottom: 0em;"/>
<table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-left:auto;margin-right:auto">
<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:56%;">&#160;</td>
<td style="width:8%;">&#160;</td>
<td>&#160;</td>
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<td>&#160;</td>
<td style="width:8%;">&#160;</td>
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<td>&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="11" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair&#160;Value&#160;Measurements&#160;at&#160;Reporting&#160;Date&#160;Using</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Quoted&#160;Prices&#160;in</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Significant</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Active Markets</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Other</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Significant</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">for Identical</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Observable</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unobservable</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Balance as of</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Assets</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Inputs</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Inputs</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">December&#160;31,</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="white-space: nowrap; vertical-align: bottom; text-align: left; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: inline-block; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">(Level 1)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">(Level 2)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">(Level 3)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">2019</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Assets:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Fixed-maturity investments:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">U.S. Treasury and government agency</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">791</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">97</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">888</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">State and municipal bonds</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">200</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">200</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Foreign governments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">10</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">10</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Corporate obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,266</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,266</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Mortgage-backed securities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Residential mortgage-backed agency</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">330</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">330</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Residential mortgage-backed <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-agency </div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">19</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">19</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Commercial mortgage-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">22</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">22</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Asset-backed securities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Collateralized debt obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">140</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">140</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other asset-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">326</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">327</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 5em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total fixed-maturity investments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">791</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2,410</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">3,202</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Money market securities</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">154</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">154</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Perpetual debt and equity securities</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">30</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">25</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">55</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Fixed-income fund</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">51</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;"><div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(1)</div>&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Cash and cash equivalents</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">75</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">75</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Derivative assets:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Non-insured</div> derivative assets:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Interest rate derivatives</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div>
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<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:57%;">&#160;</td>
<td style="width:7%;">&#160;</td>
<td>&#160;</td>
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<td>&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="11" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair&#160;Value&#160;Measurements&#160;at&#160;Reporting&#160;Date&#160;Using</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Quoted&#160;Prices&#160;in<br/> Active Markets<br/> for Identical<br/> Assets (Level 1)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Significant<br/> Other<br/> Observable<br/> Inputs<br/> (Level 2)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Significant<br/> Unobservable<br/> Inputs (Level<br/> 3)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Balance as of<br/> December&#160;31,<br/> 2019</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Assets of consolidated VIEs:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Corporate obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">8</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">8</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Mortgage-backed securities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Residential mortgage-backed <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-agency </div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">45</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">45</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Commercial mortgage-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">16</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">16</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Asset-backed securities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Collateralized debt obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">6</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">6</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other asset-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">8</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">8</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Cash</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">8</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">8</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Loans receivable at fair value:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Residential loans receivable</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">136</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">136</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Loan repurchase commitments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">486</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">486</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other assets:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 5em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Currency derivatives</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">8</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">8</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 5em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">18</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">18</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:11pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total assets</div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,058</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2,519</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">649</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">4,277</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Liabilities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:11pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Medium-term notes</div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">108</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">108</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Derivative liabilities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Insured derivatives:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Credit derivatives</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">9</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Non-insured</div> derivatives:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Interest rate derivatives</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">132</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">132</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">34</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other payable</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">4</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">4</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Variable interest entity notes</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">56</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">347</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:11pt;">
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<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 11pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">190</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:11pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
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<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)</td>
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<td style="padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td style="padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
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<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
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<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Significant<br/> Other&#160;Observable<br/> Inputs (Level 2) </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Significant<br/> Unobservable<br/> Inputs (Level<br/> 3) </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Fair&#160;Value<br/> Balance&#160;as&#160;of<br/> March&#160;31,<br/> 2020 </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Carry&#160;Value<br/> Balance&#160;as&#160;of<br/> March&#160;31,<br/> 2020 </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Assets: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Assets of consolidated VIEs: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;">Investments <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">held-to-maturity </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">572 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">572 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">529 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total assets </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">572 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">572 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">529 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Liabilities: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Long-term debt </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">856 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">856 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,261 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Medium-term notes </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">377 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">377 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">563 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investment agreements </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">415 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">415 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">295 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Liabilities of consolidated VIEs: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Variable interest entity notes </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">261 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">570 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">831 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">829 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total liabilities </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,117 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,362 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,479 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,948 </div></div> </td>
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<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
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<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
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<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financial Guarantees: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Gross liability (recoverable) </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">723 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">723 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(177</div></div> </td>
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<tr style="font-size: 10pt; page-break-inside: avoid;">
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">51 </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">51 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15 </div></div> </td>
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<td style="height: 16px; font-family: Arial;">&#160;</td>
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<td style="height: 16px; font-family: Arial;">&#160;</td>
<td colspan="2" style="height: 16px; font-family: Arial;">&#160;</td>
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<td style="height: 16px; font-family: Arial;">&#160;</td>
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<td style="height: 16px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="10" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Fair&#160;Value&#160;Measurements&#160;at&#160;Reporting&#160;Date&#160;Using</div></div></div> </td>
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<td colspan="2" style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions </div></div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Quoted&#160;Prices&#160;in<br/> Active&#160;Markets&#160;for<br/> Identical Assets<br/> (Level 1) </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Significant<br/> Other&#160;Observable<br/> Inputs (Level 2) </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Significant<br/> Unobservable<br/> Inputs (Level<br/> 3) </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Fair Value<br/> Balance as of<br/> December&#160;31,<br/> 2019 </div></div></div> </td>
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<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Assets: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Assets of consolidated VIEs: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;">Investments <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">held-to-maturity </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">892 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">892 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">890 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total assets </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">892 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">892 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">890 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Liabilities: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Long-term debt </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,073 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,073 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,228 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Medium-term notes </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">396 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">396 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">570 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investment agreements </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">394 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">394 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">304 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Liabilities of consolidated VIEs: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Variable interest entity notes </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">261 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">892 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,153 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,136 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total liabilities </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,334 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,682 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,016 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,238 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financial Guarantees: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Gross liability (recoverable) </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">556 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">556 </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(311</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Ceded </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">56 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">56 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">24 </div></div> </td>
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<tr style="page-break-inside:avoid;font-size:6pt;">
<td style="white-space: nowrap; vertical-align: bottom; text-align: left; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: inline-block; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Balance,<br/> Beginning<br/> of Period</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Total<br/> Gains /<br/> (Losses)<br/> Included<br/> in<br/> Earnings</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unrealized<br/> Gains /<br/> (Losses)<br/> Included<br/> in OCI<div style="font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;">(1)</div></div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Purchases</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Issuances</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Settlements</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Sales</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Transfers<br/> into<br/> Level&#160;3</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Transfers<br/> out of<br/> Level&#160;3</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Ending<br/> Balance</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Change in<br/> Unrealized<br/> Gains<br/> (Losses)&#160;for<br/> the Period<br/> Included in<br/> Earnings<br/> for Assets<br/> still held as<br/> of<br/> March&#160;31,<br/> 2020</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Change in<br/> Unrealized<br/> Gains<br/> (Losses)&#160;for<br/> the Period<br/> Included in<br/> OCI for<br/> Assets still<br/> held as of<br/> March&#160;31,<br/> 2020<div style="font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;">(1)</div></div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Assets:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other asset-backed</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1</div> </td>
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<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Assets of consolidated VIEs:</div> </td>
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<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Loans receivable- residential</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">136</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(35</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(3</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">98</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(35</div> </td>
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<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Loan repurchase commitments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">486</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">20</div> </td>
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<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">506</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">20</div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Currency derivatives</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">8</div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">10</div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">18</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">10</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">18</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(3</div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">15</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(3</div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
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<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total assets</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">649</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(8</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(3</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">638</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(8</div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
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<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
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<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
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<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
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<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
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<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div>
<table border="0" cellpadding="0" cellspacing="0" style="font-size:8pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
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<td style="width:1%;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:6pt;">
<td style="white-space: nowrap; vertical-align: bottom; text-align: left; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: inline-block; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Balance,<br/> Beginning<br/> of Period</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Total<br/> (Gains) /<br/> Losses<br/> Included<br/> in<br/> Earnings</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unrealized<br/> (Gains) /<br/> Losses<br/> Included<br/> in in OCI<div style="font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;">(2)</div></div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Purchases</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Issuances</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Settlements</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Sales</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Transfers<br/> into<br/> Level&#160;3</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Transfers<br/> out of<br/> Level&#160;3</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Ending<br/> Balance</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Change in<br/> Unrealized<br/> (Gains)<br/> Losses for<br/> the Period<br/> Included&#160;in<br/> Earnings&#160;for<br/> Liabilities<br/> still held as<br/> of March&#160;31,<br/> 2020</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Change in<br/> Unrealized<br/> (Gains)<br/> Losses for<br/> the Period<br/> Included&#160;in<br/> OCI for<br/> Liabilities<br/> still held<br/> as of<br/> March&#160;31,<br/> 2020<div style="font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;">(2)</div></div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Liabilities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Medium-term notes</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Liabilities of consolidated VIEs:</div> </td>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">VIE notes</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">347</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(25</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(5</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">281</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(28</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(34</div> </td>
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<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
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<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
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<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total liabilities</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">500</div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(19</div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(48</div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(9</div> </td>
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<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">424</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(22</div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(46</div> </td>
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<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
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<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="text-align: center;"> <div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> </div>
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<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Reported within the &#8220;Unrealized gains (losses) on <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">available-for-sale</div> securities&#8221; on MBIA&#8217;s Consolidated Statement of Comprehensive Income/Loss.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="margin-top: 6pt; margin-bottom: 0px;"/>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(2)&#160;-</td>
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<tr style="visibility:hidden;line-height:0pt;color:white;">
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<td style="width:1%;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:6pt;">
<td style="white-space: nowrap; vertical-align: bottom; text-align: left; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: inline-block; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Balance,<br/> Beginning<br/> of Period</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Total<br/> Gains /<br/> (Losses)<br/> Included<br/> in<br/> Earnings</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unrealized<br/> Gains /<br/> (Losses)<br/> Included<br/> in OCI</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Purchases</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Issuances</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Settlements</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Sales</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Transfers<br/> into<br/> Level&#160;3<div style="font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;">(1)</div></div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Transfers<br/> out of<br/> Level&#160;3<div style="font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;">(1)</div></div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Ending<br/> Balance</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Change in<br/> Unrealized<br/> Gains<br/> (Losses)&#160;for<br/> the Period<br/> Included in<br/> Earnings&#160;for<br/> Assets still<br/> held as of<br/> March&#160;31,<br/> 2019</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Assets:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Commercial mortgage-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">6</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other asset-backed</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">3</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Assets of consolidated VIEs:</div> </td>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Corporate obligations</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">5</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">5</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">15</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total assets</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">42</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(10</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">669</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">42</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
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<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
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<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
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<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
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<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
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<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div>
<table border="0" cellpadding="0" cellspacing="0" style="font-size:8pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:63%;">&#160;</td>
<td style="width:1%;">&#160;</td>
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<td style="width:1%;">&#160;</td> </tr>
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<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
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<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
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<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
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<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Purchases</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Issuances</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Settlements</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Sales</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Transfers<br/> into<br/> Level&#160;3<div style="font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;">(1)</div></div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Transfers<br/> out of<br/> Level&#160;3<div style="font-size: 4.44pt; vertical-align: top; line-height: 3.2856pt;;display:inline;">(1)</div></div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Ending<br/> Balance</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 6pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Change in<br/> Unrealized<br/> (Gains)<br/> Losses for<br/> the Period<br/> Included&#160;in<br/> Earnings&#160;for<br/> Liabilities<br/> still held as<br/> of March&#160;31,<br/> 2019</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Liabilities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Medium-term notes</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">102</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">8</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(4</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">106</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Credit derivatives</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">33</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(14</div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">19</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(14</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other derivatives</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1</div> </td>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Liabilities of consolidated VIEs:</div> </td>
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<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">VIE notes</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">397</div> </td>
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<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total liabilities</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">513</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">36</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(11</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">5</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(11</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">532</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:8pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">26</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="text-align: center;"> <div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> </div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)</td>
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<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:84%;">&#160;</td>
<td style="width:1%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td style="width:1%;">&#160;</td>
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<td>&#160;</td>
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<td style="width:1%;">&#160;</td>
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<td>&#160;</td>
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<td style="width:1%;">&#160;</td>
<td style="width:1%;">&#160;</td>
<td>&#160;</td>
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<td style="width:1%;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="6" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Three&#160;Months&#160;Ended&#160;March&#160;31,&#160;2020</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="6" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Three&#160;Months&#160;Ended&#160;March&#160;31,&#160;2019</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Change in</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Change in</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unrealized</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unrealized</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Gains (Losses)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Gains (Losses)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">for the</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">for the</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Period Included</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Period Included</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">in Earnings</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">in Earnings</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">for Assets</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">for Assets</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">and</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">and</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Total Gains</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Liabilities still</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Total Gains</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Liabilities still</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">(Losses)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">held as of</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">(Losses)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">held as of</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Included</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">March&#160;31,</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Included</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="2" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">March&#160;31,</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">in Earnings</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">2020</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">in Earnings</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="2" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">2019</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Revenues:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Unrealized gains (losses) on insured derivatives</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(1</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(1</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">14</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">14</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Net gains (losses) on financial instruments at fair value and foreign exchange</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(5</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(5</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(7</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(7</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other net realized gains (losses)</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(1</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(1</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Revenues of consolidated VIEs:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Net gains (losses) on financial instruments at fair value and foreign exchange</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">17</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">20</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">10</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">11</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">14</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">16</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
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<table border="0" cellpadding="0" cellspacing="0" style="margin: 12pt auto 0px; width: 92%; font-size: 10pt; border-collapse: separate; border-spacing: 0;">
<tr style="color: white; line-height: 0pt; visibility: hidden;">
<td style="width: 88%; font-family: Arial; padding: 0px;"/>
<td style="width: 3%; font-family: Arial; padding: 0px;"/>
<td style="font-family: Arial; padding: 0px;"/>
<td style="white-space: nowrap; font-family: Arial;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td style="font-family: Arial; padding: 0px;"/>
<td style="width: 3%; font-family: Arial; padding: 0px;"/>
<td style="font-family: Arial; padding: 0px;"/>
<td style="white-space: nowrap; font-family: Arial;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td style="font-family: Arial; padding: 0px;"/> </tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Three&#160;Months&#160;Ended&#160;March&#160;31, </div></div></div> </td>
<td style="padding-bottom: 0.5pt; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions </div></div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2020 </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2019 </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments carried at fair value<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(1)</div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(20</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Fixed-maturity securities held at fair value-VIE<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(2)</div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(6</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">26 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Loans receivable at fair value: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Residential mortgage loans<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(2)</div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(35</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">34 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Loan repurchase commitments<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(2)</div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;">Other <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">assets-VIE</div><div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(2)</div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Medium-term notes<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(1)</div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(7</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other liabilities<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(3)</div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Variable interest entity notes<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(2)</div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">27 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">84 </div></div> </td>
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<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
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<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
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<td style="width: 3%; vertical-align: top; white-space: nowrap;">(2)&#160;-</td>
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<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(3)&#160;-</td>
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<table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:56%;">&#160;</td>
<td style="width:3%;">&#160;</td>
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<td>&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="11" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">As of March&#160;31, 2020</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="11" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">As of December&#160;31, 2019</div></div> </td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Contractual</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Contractual</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Outstanding</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Outstanding</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Principal</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Value</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Difference</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Principal</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Value</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Difference</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Loans receivable at fair value:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Residential mortgage loans</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">96</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">87</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">9</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">107</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">107</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Residential mortgage loans (90 days or more past due)</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">123</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">11</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">112</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">154</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">29</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">125</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total loans receivable and other instruments at fair value</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">219</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">98</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">121</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">261</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">136</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">125</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Variable interest entity notes</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,097</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">331</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">766</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,126</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">403</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">723</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Medium-term notes</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">110</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">98</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">12</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">112</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">108</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">4</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The differences between the contractual outstanding principal and the fair values on loans receivable, VIE notes and MTNs, in the preceding table, are primarily attributable to credit risk. This is due to the high rate of defaults on loans (90 days or more past due), the collateral supporting the VIE notes and the nonperformance risk of the Company on its MTNs, which resulted in depressed pricing of the financial instruments. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Instrument-Specific Credit Risk of Liabilities Elected Under the Fair Value Option </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of March&#160;31, 2020 and December&#160;31, 2019, the cumulative changes in instrument-specific credit risk of liabilities elected under the fair value option were losses of $59&#160;million and $107&#160;million, respectively, reported in &#8220;Accumulated other comprehensive income&#8221; on the Company&#8217;s consolidated balance sheets. Changes in value attributable to instrument-specific credit risk were derived principally from changes in the Company&#8217;s credit spread. For liabilities of VIEs, additional adjustments to instrument-specific credit risk are required, which is determined by an analysis of deal specific performance of collateral that support these liabilities. During the three months ended March&#160;31, 2020 and 2019, the portions of instrument-specific credit risk included in AOCI that were recognized in earnings due to settlement of liabilities were losses of $2&#160;million and $4&#160;million, respectively. </div></div> <span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6654328112">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Accumulated Other Comprehensive Income (Changes In The Components Of AOCI) (Detail) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2020</div></th>
<th class="th"><div>Mar. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax', window );">Beginning balance</a></td>
<td class="num">$ (2)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax', window );">Other comprehensive income (loss) before reclassifications</a></td>
<td class="nump">94<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax', window );">Amounts reclassified from AOCI</a></td>
<td class="num">(1)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent', window );">Total other comprehensive income (loss)</a></td>
<td class="nump">93<span></span>
</td>
<td class="nump">$ 86<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax', window );">Ending balance</a></td>
<td class="nump">91<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember', window );">Unrealized gains (losses) on AFS, net [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax', window );">Beginning balance</a></td>
<td class="nump">112<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax', window );">Other comprehensive income (loss) before reclassifications</a></td>
<td class="nump">48<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax', window );">Amounts reclassified from AOCI</a></td>
<td class="num">(3)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent', window );">Total other comprehensive income (loss)</a></td>
<td class="nump">45<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax', window );">Ending balance</a></td>
<td class="nump">157<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedTranslationAdjustmentMember', window );">Foreign currency translation, net [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax', window );">Beginning balance</a></td>
<td class="num">(7)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax', window );">Other comprehensive income (loss) before reclassifications</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax', window );">Amounts reclassified from AOCI</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent', window );">Total other comprehensive income (loss)</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax', window );">Ending balance</a></td>
<td class="num">(7)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedGainLossFinancialLiabilityFairValueOptionAttributableToParentMember', window );">Instrument-specific credit risk of liabilities measured at fair value, net [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax', window );">Beginning balance</a></td>
<td class="num">(107)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax', window );">Other comprehensive income (loss) before reclassifications</a></td>
<td class="nump">46<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax', window );">Amounts reclassified from AOCI</a></td>
<td class="nump">2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent', window );">Total other comprehensive income (loss)</a></td>
<td class="nump">48<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax', window );">Ending balance</a></td>
<td class="num">$ (59)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=d3e637-108580<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14A<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669686-108580<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=d3e681-108580<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax, before reclassification adjustments of other comprehensive income (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14A<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669686-108580<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 55<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=118951672&amp;loc=d3e1436-108581<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax of other comprehensive income (loss) attributable to parent entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669625-108580<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (c)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=109239629&amp;loc=SL4573702-111684<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 20<br> -URI http://asc.fasb.org/extlink&amp;oid=108774443&amp;loc=SL4569643-111683<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669619-108580<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 19<br> -URI http://asc.fasb.org/extlink&amp;oid=108774443&amp;loc=SL4569616-111683<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
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<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax of reclassification adjustments of other comprehensive income (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 17B<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL34724394-108580<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14A<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669686-108580<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 55<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=118951672&amp;loc=d3e1436-108581<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td>na</td>
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<td></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedTranslationAdjustmentMember</td>
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<td>na</td>
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<td></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedGainLossFinancialLiabilityFairValueOptionAttributableToParentMember</td>
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6867228832">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Investments (Gross Unrealized Losses Related To Available-For-Sale And Held-To-Maturity Investments) (Detail) - Fixed Maturities [Member] - USD ($)<br> $ in Millions</strong></div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue', window );">Less than 12 months, fair value</a></td>
<td class="nump">$ 761<span></span>
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<td class="nump">$ 371<span></span>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss', window );">Less than 12 months, unrealized losses</a></td>
<td class="num">(40)<span></span>
</td>
<td class="num">(3)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue', window );">12 months or longer, fair value</a></td>
<td class="nump">79<span></span>
</td>
<td class="nump">206<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss', window );">12 months or longer, unrealized losses</a></td>
<td class="num">(23)<span></span>
</td>
<td class="num">(8)<span></span>
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<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Total available-for-sale, fair value</a></td>
<td class="nump">840<span></span>
</td>
<td class="nump">577<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss', window );">Total available-for-sale, unrealized losses</a></td>
<td class="num">(63)<span></span>
</td>
<td class="num">(11)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=us-gaap_FixedMaturitiesMember', window );">U S Treasury And Government [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue', window );">Less than 12 months, fair value</a></td>
<td class="nump">4<span></span>
</td>
<td class="nump">148<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss', window );">Less than 12 months, unrealized losses</a></td>
<td class="nump">0<span></span>
</td>
<td class="num">(1)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue', window );">12 months or longer, fair value</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">79<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss', window );">12 months or longer, unrealized losses</a></td>
<td class="nump">0<span></span>
</td>
<td class="num">(1)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Total available-for-sale, fair value</a></td>
<td class="nump">4<span></span>
</td>
<td class="nump">227<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss', window );">Total available-for-sale, unrealized losses</a></td>
<td class="nump">0<span></span>
</td>
<td class="num">(2)<span></span>
</td>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=us-gaap_FixedMaturitiesMember', window );">US States And Political Subdivisions [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue', window );">Less than 12 months, fair value</a></td>
<td class="nump">31<span></span>
</td>
<td class="nump">11<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss', window );">Less than 12 months, unrealized losses</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue', window );">12 months or longer, fair value</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">15<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss', window );">12 months or longer, unrealized losses</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Total available-for-sale, fair value</a></td>
<td class="nump">31<span></span>
</td>
<td class="nump">26<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss', window );">Total available-for-sale, unrealized losses</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=us-gaap_FixedMaturitiesMember', window );">Foreign Government Debt [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue', window );">Less than 12 months, fair value</a></td>
<td class="nump">7<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss', window );">Less than 12 months, unrealized losses</a></td>
<td class="num">(1)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue', window );">12 months or longer, fair value</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss', window );">12 months or longer, unrealized losses</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Total available-for-sale, fair value</a></td>
<td class="nump">7<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss', window );">Total available-for-sale, unrealized losses</a></td>
<td class="num">(1)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=us-gaap_FixedMaturitiesMember', window );">Corporate Obligations [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue', window );">Less than 12 months, fair value</a></td>
<td class="nump">482<span></span>
</td>
<td class="nump">53<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss', window );">Less than 12 months, unrealized losses</a></td>
<td class="num">(31)<span></span>
</td>
<td class="num">(1)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue', window );">12 months or longer, fair value</a></td>
<td class="nump">6<span></span>
</td>
<td class="nump">10<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss', window );">12 months or longer, unrealized losses</a></td>
<td class="num">(2)<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Total available-for-sale, fair value</a></td>
<td class="nump">488<span></span>
</td>
<td class="nump">63<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss', window );">Total available-for-sale, unrealized losses</a></td>
<td class="num">(33)<span></span>
</td>
<td class="num">(1)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=us-gaap_FixedMaturitiesMember', window );">Residential Mortgage Backed Agency [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue', window );">Less than 12 months, fair value</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">62<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss', window );">Less than 12 months, unrealized losses</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue', window );">12 months or longer, fair value</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">7<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss', window );">12 months or longer, unrealized losses</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Total available-for-sale, fair value</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">69<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss', window );">Total available-for-sale, unrealized losses</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=us-gaap_FixedMaturitiesMember', window );">Residential Mortgage Backed Non Agency [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue', window );">Less than 12 months, fair value</a></td>
<td class="nump">9<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss', window );">Less than 12 months, unrealized losses</a></td>
<td class="num">(1)<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue', window );">12 months or longer, fair value</a></td>
<td class="nump">9<span></span>
</td>
<td class="nump">11<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss', window );">12 months or longer, unrealized losses</a></td>
<td class="num">(6)<span></span>
</td>
<td class="num">(5)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Total available-for-sale, fair value</a></td>
<td class="nump">18<span></span>
</td>
<td class="nump">11<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss', window );">Total available-for-sale, unrealized losses</a></td>
<td class="num">(7)<span></span>
</td>
<td class="num">(5)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=us-gaap_FixedMaturitiesMember', window );">Commercial Mortgage Backed Securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue', window );">Less than 12 months, fair value</a></td>
<td class="nump">9<span></span>
</td>
<td class="nump">5<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss', window );">Less than 12 months, unrealized losses</a></td>
<td class="num">(1)<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue', window );">12 months or longer, fair value</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss', window );">12 months or longer, unrealized losses</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Total available-for-sale, fair value</a></td>
<td class="nump">9<span></span>
</td>
<td class="nump">5<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss', window );">Total available-for-sale, unrealized losses</a></td>
<td class="num">(1)<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=us-gaap_FixedMaturitiesMember', window );">Collateralized Debt Obligations [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue', window );">Less than 12 months, fair value</a></td>
<td class="nump">49<span></span>
</td>
<td class="nump">44<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss', window );">Less than 12 months, unrealized losses</a></td>
<td class="num">(4)<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue', window );">12 months or longer, fair value</a></td>
<td class="nump">64<span></span>
</td>
<td class="nump">77<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss', window );">12 months or longer, unrealized losses</a></td>
<td class="num">(15)<span></span>
</td>
<td class="num">(2)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Total available-for-sale, fair value</a></td>
<td class="nump">113<span></span>
</td>
<td class="nump">121<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss', window );">Total available-for-sale, unrealized losses</a></td>
<td class="num">(19)<span></span>
</td>
<td class="num">(2)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=us-gaap_FixedMaturitiesMember', window );">Other Asset Backed [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAbstract', window );"><strong>Available For Sale Securities [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue', window );">Less than 12 months, fair value</a></td>
<td class="nump">170<span></span>
</td>
<td class="nump">48<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss', window );">Less than 12 months, unrealized losses</a></td>
<td class="num">(2)<span></span>
</td>
<td class="num">(1)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue', window );">12 months or longer, fair value</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">7<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss', window );">12 months or longer, unrealized losses</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Total available-for-sale, fair value</a></td>
<td class="nump">170<span></span>
</td>
<td class="nump">55<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss', window );">Total available-for-sale, unrealized losses</a></td>
<td class="num">$ (2)<span></span>
</td>
<td class="num">$ (1)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of accumulated unrealized loss on investments in debt and equity securities classified as available-for-sale that have been in a continuous loss position for twelve months or longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of accumulated unrealized loss on investments in debt and equity securities classified as available-for-sale in a continuous loss position.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=118939692&amp;loc=d3e27337-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This item represents the aggregate fair value of investments in debt and equity securities in an unrealized loss position which are categorized neither as held-to-maturity nor trading securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of accumulated unrealized loss on investments in debt and equity securities classified as available-for-sale that have been in a continuous loss position for less than twelve months.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This item represents the aggregate fair value of investments in debt and equity securities categorized neither as held-to-maturity nor trading securities that have been in a continuous unrealized loss position for less than twelve months.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This item represents the aggregate fair value of investments in debt and equity securities categorized neither as held-to-maturity nor trading securities that have been in a continuous unrealized loss position for twelve months or longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentTypeAxis=us-gaap_FixedMaturitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentTypeAxis=us-gaap_FixedMaturitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=us-gaap_USTreasuryAndGovernmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=us-gaap_USTreasuryAndGovernmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=us-gaap_ForeignGovernmentDebtMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=us-gaap_ForeignGovernmentDebtMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=us-gaap_CorporateDebtSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=us-gaap_CorporateDebtSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=mbi_ResidentialMortgageBackedAgencyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=mbi_ResidentialMortgageBackedAgencyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=mbi_ResidentialMortgageBackedNonAgencyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=mbi_ResidentialMortgageBackedNonAgencyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=us-gaap_CollateralizedDebtObligationsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=us-gaap_CollateralizedDebtObligationsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=mbi_OtherAssetBackedMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=mbi_OtherAssetBackedMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>75
<FILENAME>R6.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6857689712">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Consolidated Statements Of Comprehensive Income (Loss) (Unaudited) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2020</div></th>
<th class="th"><div>Mar. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract', window );"><strong>Statements of Comprehensive Income (Loss)</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss)</a></td>
<td class="num">$ (333)<span></span>
</td>
<td class="num">$ (21)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParentAbstract', window );"><strong>Available-for-sale securities with no credit losses:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax', window );">Unrealized gains (losses) arising during the period</a></td>
<td class="nump">48<span></span>
</td>
<td class="nump">79<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax', window );">Reclassification adjustments for (gains) losses included in net income (loss)</a></td>
<td class="num">(3)<span></span>
</td>
<td class="num">(39)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AociGainLossDebtSecuritiesAvailableForSaleWithAllowanceForCreditLossAbstract', window );"><strong>Available-for-sale securities with credit losses:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AociAvailableforsaleSecuritiesWithAllowanceForCreditLossUnrealizedGainlossBeforeTax', window );">Unrealized gains (losses) arising during the period</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">11<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_AociAvailableForSaleSecuritiesWithAllowanceForCreditLossAdjustmentsForGainsLossesIncludedInNetIncomeLoss', window );">Reclassification adjustments for (gains) losses included in net income (loss)</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">28<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract', window );"><strong>Foreign currency translation:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax', window );">Foreign currency translation gains (losses)</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">1<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionAfterTaxAndReclassificationAdjustmentAttributableToParentAbstract', window );"><strong>Instrument-specific credit risk of liabilities measured at fair value:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionUnrealizedGainLossArisingDuringPeriodBeforeTax', window );">Unrealized gains (losses) arising during the period</a></td>
<td class="nump">46<span></span>
</td>
<td class="nump">2<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionReclassificationAdjustmentFromAociForDerecognitionBeforeTax', window );">Reclassification adjustments for (gains) losses included in net income (loss)</a></td>
<td class="nump">2<span></span>
</td>
<td class="nump">4<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent', window );">Total other comprehensive income (loss)</a></td>
<td class="nump">93<span></span>
</td>
<td class="nump">86<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ComprehensiveIncomeNetOfTax', window );">Comprehensive income (loss)</a></td>
<td class="num">$ (240)<span></span>
</td>
<td class="nump">$ 65<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_AociAvailableForSaleSecuritiesWithAllowanceForCreditLossAdjustmentsForGainsLossesIncludedInNetIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>AOCI Available-for-sale Securities with Allowance for Credit Loss, adjustments for (gains) losses included in net income (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_AociAvailableForSaleSecuritiesWithAllowanceForCreditLossAdjustmentsForGainsLossesIncludedInNetIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_AociAvailableforsaleSecuritiesWithAllowanceForCreditLossUnrealizedGainlossBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>AOCI, , Available-for-sale Securities with Allowance for Credit Loss, Unrealized Gain (Loss), before Tax.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_AociAvailableforsaleSecuritiesWithAllowanceForCreditLossUnrealizedGainlossBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AociGainLossDebtSecuritiesAvailableForSaleWithAllowanceForCreditLossAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AociGainLossDebtSecuritiesAvailableForSaleWithAllowanceForCreditLossAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ComprehensiveIncomeNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=d3e557-108580<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669625-108580<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669619-108580<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ComprehensiveIncomeNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669619-108580<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637391&amp;loc=SL114874048-224260<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669625-108580<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(18))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637232&amp;loc=SL114874131-224263<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(20))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br><br>Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3602-108585<br><br>Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParentAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParentAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 20<br> -Section 35<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=118948100&amp;loc=d3e30304-110892<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 30<br> -Section 45<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=118261656&amp;loc=d3e32022-110900<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 30<br> -Section 45<br> -Paragraph 20<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=118261656&amp;loc=d3e32211-110900<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=d3e637-108580<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 10A<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669646-108580<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionAfterTaxAndReclassificationAdjustmentAttributableToParentAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionAfterTaxAndReclassificationAdjustmentAttributableToParentAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionReclassificationAdjustmentFromAociForDerecognitionBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, before tax, of reclassification adjustment from accumulated other comprehensive income (loss) for unrealized gain (loss) from increase (decrease) in instrument-specific credit risk, realized upon derecognition of financial liability measured under fair value option.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 10A<br> -Subparagraph (l)<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669646-108580<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (d)(4)<br> -URI http://asc.fasb.org/extlink&amp;oid=75031198&amp;loc=d3e14172-108612<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=d3e689-108580<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (d)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=75031198&amp;loc=d3e14172-108612<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 17A<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL34724391-108580<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=d3e637-108580<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionReclassificationAdjustmentFromAociForDerecognitionBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionUnrealizedGainLossArisingDuringPeriodBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, before tax and reclassification adjustment, of unrealized gain (loss) from increase (decrease) in instrument-specific credit risk of financial liability measured under fair value option.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (d)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=75031198&amp;loc=d3e14172-108612<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 45<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=116690757&amp;loc=SL75136633-108610<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=d3e637-108580<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 10A<br> -Subparagraph (l)<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669646-108580<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionUnrealizedGainLossArisingDuringPeriodBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax of other comprehensive income (loss) attributable to parent entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1B<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669625-108580<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (c)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=109239629&amp;loc=SL4573702-111684<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 20<br> -URI http://asc.fasb.org/extlink&amp;oid=108774443&amp;loc=SL4569643-111683<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1A<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669619-108580<br><br>Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 19<br> -URI http://asc.fasb.org/extlink&amp;oid=108774443&amp;loc=SL4569616-111683<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before tax of reclassification adjustment from accumulated other comprehensive income for unrealized gain (loss) realized upon the sale of available-for-sale securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=d3e637-108580<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=d3e689-108580<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=118939692&amp;loc=d3e27357-111563<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 17A<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL34724391-108580<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before tax and reclassification adjustments of unrealized holding gain (loss) on available-for-sale securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 10A<br> -Subparagraph (e)<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669646-108580<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=d3e637-108580<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=118939692&amp;loc=d3e27357-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6854724832">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Consolidated Balance Sheets - USD ($)<br> $ in Millions</strong></div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentsAbstract', window );"><strong>Investments:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents</a></td>
<td class="nump">$ 217<span></span>
</td>
<td class="nump">$ 83<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Total assets</a></td>
<td class="nump">6,632<span></span>
</td>
<td class="nump">7,284<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesAbstract', window );"><strong>Liabilities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Liabilities', window );">Total liabilities</a></td>
<td class="nump">6,135<span></span>
</td>
<td class="nump">6,445<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract', window );"><strong>Equity:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockValue', window );">Preferred stock, par value $1 per share; authorized shares&#8212;10,000,000; issued and outstanding&#8212;none</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockValue', window );">Common stock, par value $1 per share; authorized shares&#8212;400,000,000; issued shares&#8212;283,433,401 and 283,433,401</a></td>
<td class="nump">283<span></span>
</td>
<td class="nump">283<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdditionalPaidInCapital', window );">Additional paid-in capital</a></td>
<td class="nump">2,961<span></span>
</td>
<td class="nump">2,999<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RetainedEarningsAccumulatedDeficit', window );">Retained earnings</a></td>
<td class="nump">232<span></span>
</td>
<td class="nump">607<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax', window );">Accumulated other comprehensive income (loss), net of tax of $8 and $8</a></td>
<td class="nump">91<span></span>
</td>
<td class="num">(2)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockValue', window );">Treasury stock, at cost&#8212;211,272,995 and 204,000,108 shares</a></td>
<td class="num">(3,083)<span></span>
</td>
<td class="num">(3,061)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Total shareholders' equity of MBIA Inc.</a></td>
<td class="nump">484<span></span>
</td>
<td class="nump">826<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MinorityInterestAmountRepresentedByPreferredStock', window );">Preferred stock of subsidiary</a></td>
<td class="nump">13<span></span>
</td>
<td class="nump">13<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Total equity</a></td>
<td class="nump">497<span></span>
</td>
<td class="nump">839<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesAndStockholdersEquity', window );">Total liabilities and equity</a></td>
<td class="nump">6,632<span></span>
</td>
<td class="nump">7,284<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidatedEntitiesAxis=srt_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember', window );">Non Variable Interest Entity [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentsAbstract', window );"><strong>Investments:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesNoncurrent', window );">Fixed-maturity securities held as available-for-sale, at fair value (amortized cost $2,559 and $2,705)</a></td>
<td class="nump">2,720<span></span>
</td>
<td class="nump">2,820<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TradingSecurities', window );">Investments carried at fair value</a></td>
<td class="nump">187<span></span>
</td>
<td class="nump">209<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtSecuritiesAvailableForSaleRestricted', window );">Investments pledged as collateral, at fair value (amortized cost $6 and $15)</a></td>
<td class="nump">1<span></span>
</td>
<td class="nump">10<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesCurrent', window );">Short-term investments, at fair value (amortized cost $247 and $423)</a></td>
<td class="nump">245<span></span>
</td>
<td class="nump">423<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Investments', window );">Total investments</a></td>
<td class="nump">3,153<span></span>
</td>
<td class="nump">3,462<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents</a></td>
<td class="nump">212<span></span>
</td>
<td class="nump">75<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PremiumsReceivableAtCarryingValue', window );">Premiums receivable (net of allowance for credit losses $4 and $-)</a></td>
<td class="nump">240<span></span>
</td>
<td class="nump">249<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredPolicyAcquisitionCosts', window );">Deferred acquisition costs</a></td>
<td class="nump">58<span></span>
</td>
<td class="nump">60<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_InsuranceLossRecoverable', window );">Insurance loss recoverable</a></td>
<td class="nump">1,607<span></span>
</td>
<td class="nump">1,694<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssets', window );">Other assets</a></td>
<td class="nump">116<span></span>
</td>
<td class="nump">115<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesAbstract', window );"><strong>Liabilities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnearnedPremiums', window );">Unearned premium revenue</a></td>
<td class="nump">464<span></span>
</td>
<td class="nump">482<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense', window );">Loss and loss adjustment expense reserves</a></td>
<td class="nump">966<span></span>
</td>
<td class="nump">901<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtNoncurrent', window );">Long-term debt</a></td>
<td class="nump">2,261<span></span>
</td>
<td class="nump">2,228<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MediumTermNotes', window );">Medium-term notes (includes financial instruments carried at fair value of $98 and $108)</a></td>
<td class="nump">663<span></span>
</td>
<td class="nump">680<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BorrowingsUnderGuaranteedInvestmentAgreements', window );">Investment agreements</a></td>
<td class="nump">295<span></span>
</td>
<td class="nump">304<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilities', window );">Derivative liabilities</a></td>
<td class="nump">206<span></span>
</td>
<td class="nump">175<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherLiabilities', window );">Other liabilities</a></td>
<td class="nump">120<span></span>
</td>
<td class="nump">136<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember', window );">Variable Interest Entity Primary Beneficiary [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentsAbstract', window );"><strong>Investments:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TradingSecurities', window );">Investments carried at fair value</a></td>
<td class="nump">75<span></span>
</td>
<td class="nump">83<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssets', window );">Other assets</a></td>
<td class="nump">33<span></span>
</td>
<td class="nump">26<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Cash', window );">Cash</a></td>
<td class="nump">5<span></span>
</td>
<td class="nump">8<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecurities', window );">Investments held-to-maturity, at amortized cost (net of allowance for credit losses $46 and $-, fair value $572 and $892)</a></td>
<td class="nump">529<span></span>
</td>
<td class="nump">890<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansReceivableFairValueDisclosure', window );">Loans receivable at fair value</a></td>
<td class="nump">98<span></span>
</td>
<td class="nump">136<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_LoanRepurchaseCommitments', window );">Loan repurchase commitments</a></td>
<td class="nump">506<span></span>
</td>
<td class="nump">486<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Total assets</a></td>
<td class="nump">1,200<span></span>
</td>
<td class="nump">1,600<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesAbstract', window );"><strong>Liabilities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesPayable', window );">Variable interest entity notes (includes financial instruments carried at fair value of $331 and $403)</a></td>
<td class="nump">1,160<span></span>
</td>
<td class="nump">1,539<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Liabilities', window );">Total liabilities</a></td>
<td class="nump">$ 1,200<span></span>
</td>
<td class="nump">$ 1,500<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_InsuranceLossRecoverable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount as of the balance sheet date of paid insurance policy claims and LAE expense expected to be recovered.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_InsuranceLossRecoverable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_LoanRepurchaseCommitments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The fair value of financial instruments that represent the right of the Trust against the seller/servicer for loans that were not compliant with the representations and warranties of the loan underwriting. The Trust has the right to demand that the transferor replace ineligible loans with a compliant loan or repurchase the non-compliant loan.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_LoanRepurchaseCommitments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=d3e637-108580<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14A<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669686-108580<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=d3e681-108580<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdditionalPaidInCapital">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30)(a)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AdditionalPaidInCapital</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Assets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(11))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -URI http://asc.fasb.org/extlink&amp;oid=115929826&amp;loc=d3e8736-108599<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(12))<br> -URI http://asc.fasb.org/extlink&amp;oid=119400593&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Assets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of investment in debt and equity securities categorized neither as trading securities nor held-to-maturity securities and intended be sold or mature one year or operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Investments in debt and equity securities which are categorized neither as held-to-maturity nor trading and which are intended to be sold or mature more than one year from the balance sheet date or operating cycle, if longer. Such securities are reported at fair value; unrealized gains (losses) related to Available-for-sale Securities are excluded from earnings and reported in a separate component of shareholders' equity (other comprehensive income), unless the Available-for-sale security is designated as a hedge or is determined to have had an other than temporary decline in fair value below its amortized cost basis. All or a portion of the unrealized holding gain (loss) of an Available-for-sale security that is designated as being hedged in a fair value hedge is recognized in earnings during the period of the hedge, as are other than temporary declines in fair value below the cost basis for investments in equity securities and debt securities that an entity intends to sell or it is more likely than not that it will be required to sell before the recovery of its amortized cost basis. Other than temporary declines in fair value below the cost basis for debt securities categorized as Available-for-sale that an entity does not intend to sell and for which it is not more likely than not that the entity will be required to sell before the recovery of its amortized cost basis are bifurcated into credit losses and losses related to all other factors. Other than temporary declines in fair value below cost basis related to credit losses are recognized in earnings, and losses related to all other factors are recognized in other comprehensive income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BorrowingsUnderGuaranteedInvestmentAgreements">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying value as of the balance sheet date of the sum of the obligations to contract holders to provide to them an agreed upon rate of return pursuant to the terms of the underlying contract. These contracts represent lending by the contract holders to the entity in return for a guaranteed (primarily fixed) interest rate until maturity, unless called earlier if the contracts provide that option to the contract holders (usually institutions). There is little or no insurance risk for the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.14)<br> -URI http://asc.fasb.org/extlink&amp;oid=119400593&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BorrowingsUnderGuaranteedInvestmentAgreements</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Cash">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 946<br> -SubTopic 210<br> -Section 45<br> -Paragraph 20<br> -URI http://asc.fasb.org/extlink&amp;oid=118262064&amp;loc=SL116631418-115840<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 946<br> -SubTopic 210<br> -Section 45<br> -Paragraph 21<br> -URI http://asc.fasb.org/extlink&amp;oid=118262064&amp;loc=SL116631419-115840<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Cash</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsAtCarryingValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=118932676&amp;loc=d3e3044-108585<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118951113&amp;loc=d3e6676-107765<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsAtCarryingValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtSecuritiesAvailableForSaleRestricted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of restricted investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 30<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (b)(1)(i)<br> -URI http://asc.fasb.org/extlink&amp;oid=109249958&amp;loc=SL6224234-111729<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtSecuritiesAvailableForSaleRestricted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredPolicyAcquisitionCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred policy acquisition cost capitalized on contract remaining in force.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2B<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=117419109&amp;loc=SL117422543-158416<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2B<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=117419109&amp;loc=SL117422543-158416<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 825<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=117420823&amp;loc=d3e32546-158582<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 40<br> -Section 65<br> -Paragraph 2<br> -Subparagraph (g)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=117419843&amp;loc=SL117420844-207641<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(7))<br> -URI http://asc.fasb.org/extlink&amp;oid=119400593&amp;loc=d3e572229-122910<br><br>Reference 6: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 30<br> -Section 55<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=117418976&amp;loc=d3e11522-158419<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredPolicyAcquisitionCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=118260190&amp;loc=d3e13433-108611<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 55<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=99393222&amp;loc=SL20226008-175313<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_HeldToMaturitySecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of investment in debt security measured at amortized cost (held-to-maturity).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=118954083&amp;loc=d3e26610-111562<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118939692&amp;loc=d3e27232-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_HeldToMaturitySecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Investments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all investments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.1(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=119400593&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Investments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Liabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19-26)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Liabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesAndStockholdersEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(23))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(25))<br> -URI http://asc.fasb.org/extlink&amp;oid=119400593&amp;loc=d3e572229-122910<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(32))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesAndStockholdersEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount needed to reflect the estimated ultimate cost of settling claims relating to insured events that have occurred on or before the balance sheet date, whether or not reported to the insurer at that date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 40<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=116884095&amp;loc=d3e14764-158437<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 40<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (cc)<br> -URI http://asc.fasb.org/extlink&amp;oid=116884095&amp;loc=d3e14764-158437<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LoansReceivableFairValueDisclosure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value portion of loan receivable, including, but not limited to, mortgage loans held for investment, finance receivables held for investment, policy loans on insurance contracts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -URI http://asc.fasb.org/subtopic&amp;trid=2196772<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LoansReceivableFairValueDisclosure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after unamortized (discount) premium and debt issuance costs of long-term debt classified as noncurrent and excluding amounts to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.22)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebtNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MediumTermNotes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Including the current and noncurrent portions, carrying value at the balance sheet date of a financial instrument used to receive debt funding on a regular basis with original maturities ranging from 5-10 years.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(16))<br> -URI http://asc.fasb.org/extlink&amp;oid=119400593&amp;loc=d3e572229-122910<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(16))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 946<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.6-04(13))<br> -URI http://asc.fasb.org/extlink&amp;oid=6488278&amp;loc=d3e603758-122996<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MediumTermNotes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MinorityInterestAmountRepresentedByPreferredStock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of noncontrolling interest in subsidiary represented by preferred securities issued by the subsidiary.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(31))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(24))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637232&amp;loc=SL114874131-224263<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MinorityInterestAmountRepresentedByPreferredStock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NotesPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(16))<br> -URI http://asc.fasb.org/extlink&amp;oid=119400593&amp;loc=d3e572229-122910<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(16))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NotesPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of assets classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(17))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(10))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(10))<br> -URI http://asc.fasb.org/extlink&amp;oid=119400593&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of liabilities classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.15)<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The carrying amount as of the balance sheet date due the entity from (a) agents and insureds, (b) uncollected premiums and (c) others, net of the allowance for doubtful accounts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.(a),5)<br> -URI http://asc.fasb.org/extlink&amp;oid=119400593&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PremiumsReceivableAtCarryingValue</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cumulative amount of the reporting entity's undistributed earnings or deficit.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30)(a)(3))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(23)(a)(4))<br> -URI http://asc.fasb.org/extlink&amp;oid=119400593&amp;loc=d3e572229-122910<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RetainedEarningsAccumulatedDeficit</td>
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<td><strong> Balance Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SAB Topic 4.E)<br> -URI http://asc.fasb.org/extlink&amp;oid=27010918&amp;loc=d3e74512-122707<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(31))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquity</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 16<br> -URI http://asc.fasb.org/extlink&amp;oid=108774443&amp;loc=SL4568740-111683<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4I<br> -URI http://asc.fasb.org/extlink&amp;oid=116874947&amp;loc=SL4590271-111686<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=108774443&amp;loc=SL4568447-111683<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of investment in debt security measured at fair value with change in fair value recognized in net income (trading) and investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_TradingSecurities</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TreasuryStockValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 30<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=6405834&amp;loc=d3e23315-112656<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.29,30)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6405813&amp;loc=d3e23239-112655<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_TreasuryStockValue</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Balance Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount of premiums written on insurance contracts that have not been earned as of the balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(13)(a)(2))<br> -URI http://asc.fasb.org/extlink&amp;oid=119400593&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6660072608">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Investments (Credit Losses Recognized In Earnings Related To OTTI Losses Recognized In Accumulated Other Comprehensive Income (Loss)) (Detail)<br> $ in Millions</strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
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<tr><th class="th">
<div>Mar. 31, 2019 </div>
<div>USD ($)</div>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecuritiesAbstract', window );"><strong>Other than temporary impairment credit lossesfor available for sale securities rollforward [Abstract]</strong></a></td>
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</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment', window );">Additions for credit loss impairments recognized in the current period on securities not previously impaired</a></td>
<td class="nump">28<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld', window );">Ending Balance</a></td>
<td class="nump">$ 65<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This item represents an increase to the cumulative amount of credit losses recognized in earnings for an other than temporary impairment (OTTI) of a debt security held for which no such other than temporary impairment (OTTI) was previously recognized.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8B<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=118939692&amp;loc=SL6284393-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cumulative amount of credit losses recognized in earnings related to debt securities held for which a portion of an other than temporary impairment (OTTI) was recognized in other comprehensive income (a component of shareholders' equity).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8B<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=118939692&amp;loc=SL6284393-111563<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8B<br> -Subparagraph (g)<br> -URI http://asc.fasb.org/extlink&amp;oid=118939692&amp;loc=SL6284393-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecuritiesAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6892517776">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Variable Interest Entities (Summary Of Nonconsolidated VIEs Assets And Liabilities) (Detail) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount', window );">Maximum Exposure to Loss</a></td>
<td class="nump">$ 5,099<span></span>
</td>
<td class="nump">$ 5,526<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BalanceSheetLocationAxis=us-gaap_InvestmentsMember', window );">Investments [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets', window );">Carrying Value of VIE Assets</a></td>
<td class="nump">12<span></span>
</td>
<td class="nump">15<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BalanceSheetLocationAxis=us-gaap_PremiumsReceivableMember', window );">Premiums Receivable [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets', window );">Carrying Value of VIE Assets</a></td>
<td class="nump">32<span></span>
</td>
<td class="nump">34<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BalanceSheetLocationAxis=mbi_InsuranceLossRecoverableMember', window );">Insurance Loss Recoverable [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets', window );">Carrying Value of VIE Assets</a></td>
<td class="nump">651<span></span>
</td>
<td class="nump">781<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BalanceSheetLocationAxis=mbi_UnearnedPremiumRevenueMember', window );">Unearned Premium Revenue [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities', window );">Carrying Value of VIE Liabilities</a></td>
<td class="nump">32<span></span>
</td>
<td class="nump">33<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BalanceSheetLocationAxis=mbi_LossAndLossAdjustmentExpenseReservesMember', window );">Loss And Loss Adjustment Expense Reserves Member [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities', window );">Carrying Value of VIE Liabilities</a></td>
<td class="nump">493<span></span>
</td>
<td class="nump">447<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember', window );">Global Structured Finance [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount', window );">Maximum Exposure to Loss</a></td>
<td class="nump">3,376<span></span>
</td>
<td class="nump">3,600<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember', window );">Global Structured Finance [Member] | Investments [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets', window );">Carrying Value of VIE Assets</a></td>
<td class="nump">12<span></span>
</td>
<td class="nump">15<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember', window );">Global Structured Finance [Member] | Premiums Receivable [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets', window );">Carrying Value of VIE Assets</a></td>
<td class="nump">24<span></span>
</td>
<td class="nump">26<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember', window );">Global Structured Finance [Member] | Insurance Loss Recoverable [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets', window );">Carrying Value of VIE Assets</a></td>
<td class="nump">651<span></span>
</td>
<td class="nump">781<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember', window );">Global Structured Finance [Member] | Unearned Premium Revenue [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities', window );">Carrying Value of VIE Liabilities</a></td>
<td class="nump">24<span></span>
</td>
<td class="nump">24<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember', window );">Global Structured Finance [Member] | Loss And Loss Adjustment Expense Reserves Member [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities', window );">Carrying Value of VIE Liabilities</a></td>
<td class="nump">493<span></span>
</td>
<td class="nump">447<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember', window );">Global Structured Finance [Member] | Residential Mortgage Backed Securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount', window );">Maximum Exposure to Loss</a></td>
<td class="nump">2,122<span></span>
</td>
<td class="nump">2,253<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember', window );">Global Structured Finance [Member] | Residential Mortgage Backed Securities [Member] | Investments [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets', window );">Carrying Value of VIE Assets</a></td>
<td class="nump">12<span></span>
</td>
<td class="nump">15<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember', window );">Global Structured Finance [Member] | Residential Mortgage Backed Securities [Member] | Premiums Receivable [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets', window );">Carrying Value of VIE Assets</a></td>
<td class="nump">17<span></span>
</td>
<td class="nump">19<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember', window );">Global Structured Finance [Member] | Residential Mortgage Backed Securities [Member] | Insurance Loss Recoverable [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets', window );">Carrying Value of VIE Assets</a></td>
<td class="nump">119<span></span>
</td>
<td class="nump">107<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember', window );">Global Structured Finance [Member] | Residential Mortgage Backed Securities [Member] | Unearned Premium Revenue [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities', window );">Carrying Value of VIE Liabilities</a></td>
<td class="nump">16<span></span>
</td>
<td class="nump">16<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember', window );">Global Structured Finance [Member] | Residential Mortgage Backed Securities [Member] | Loss And Loss Adjustment Expense Reserves Member [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities', window );">Carrying Value of VIE Liabilities</a></td>
<td class="nump">474<span></span>
</td>
<td class="nump">436<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember', window );">Global Structured Finance [Member] | Commercial Mortgage Backed Securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount', window );">Maximum Exposure to Loss</a></td>
<td class="nump">21<span></span>
</td>
<td class="nump">26<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember', window );">Global Structured Finance [Member] | Commercial Mortgage Backed Securities [Member] | Investments [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets', window );">Carrying Value of VIE Assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember', window );">Global Structured Finance [Member] | Commercial Mortgage Backed Securities [Member] | Premiums Receivable [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets', window );">Carrying Value of VIE Assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember', window );">Global Structured Finance [Member] | Commercial Mortgage Backed Securities [Member] | Insurance Loss Recoverable [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets', window );">Carrying Value of VIE Assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember', window );">Global Structured Finance [Member] | Commercial Mortgage Backed Securities [Member] | Unearned Premium Revenue [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities', window );">Carrying Value of VIE Liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember', window );">Global Structured Finance [Member] | Commercial Mortgage Backed Securities [Member] | Loss And Loss Adjustment Expense Reserves Member [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities', window );">Carrying Value of VIE Liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember', window );">Global Structured Finance [Member] | Consumer Asset Backed [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount', window );">Maximum Exposure to Loss</a></td>
<td class="nump">363<span></span>
</td>
<td class="nump">384<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember', window );">Global Structured Finance [Member] | Consumer Asset Backed [Member] | Investments [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets', window );">Carrying Value of VIE Assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember', window );">Global Structured Finance [Member] | Consumer Asset Backed [Member] | Premiums Receivable [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets', window );">Carrying Value of VIE Assets</a></td>
<td class="nump">1<span></span>
</td>
<td class="nump">1<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember', window );">Global Structured Finance [Member] | Consumer Asset Backed [Member] | Insurance Loss Recoverable [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets', window );">Carrying Value of VIE Assets</a></td>
<td class="nump">1<span></span>
</td>
<td class="nump">1<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember', window );">Global Structured Finance [Member] | Consumer Asset Backed [Member] | Unearned Premium Revenue [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities', window );">Carrying Value of VIE Liabilities</a></td>
<td class="nump">1<span></span>
</td>
<td class="nump">1<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember', window );">Global Structured Finance [Member] | Consumer Asset Backed [Member] | Loss And Loss Adjustment Expense Reserves Member [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities', window );">Carrying Value of VIE Liabilities</a></td>
<td class="nump">17<span></span>
</td>
<td class="nump">11<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember', window );">Global Structured Finance [Member] | Corporate Asset Backed [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount', window );">Maximum Exposure to Loss</a></td>
<td class="nump">870<span></span>
</td>
<td class="nump">937<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember', window );">Global Structured Finance [Member] | Corporate Asset Backed [Member] | Investments [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets', window );">Carrying Value of VIE Assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember', window );">Global Structured Finance [Member] | Corporate Asset Backed [Member] | Premiums Receivable [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets', window );">Carrying Value of VIE Assets</a></td>
<td class="nump">6<span></span>
</td>
<td class="nump">6<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember', window );">Global Structured Finance [Member] | Corporate Asset Backed [Member] | Insurance Loss Recoverable [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets', window );">Carrying Value of VIE Assets</a></td>
<td class="nump">531<span></span>
</td>
<td class="nump">673<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember', window );">Global Structured Finance [Member] | Corporate Asset Backed [Member] | Unearned Premium Revenue [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities', window );">Carrying Value of VIE Liabilities</a></td>
<td class="nump">7<span></span>
</td>
<td class="nump">7<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalStructuredFinanceMember', window );">Global Structured Finance [Member] | Corporate Asset Backed [Member] | Loss And Loss Adjustment Expense Reserves Member [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities', window );">Carrying Value of VIE Liabilities</a></td>
<td class="nump">2<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalPublicFinanceMember', window );">Global Public Finance [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount', window );">Maximum Exposure to Loss</a></td>
<td class="nump">1,723<span></span>
</td>
<td class="nump">1,926<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalPublicFinanceMember', window );">Global Public Finance [Member] | Investments [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets', window );">Carrying Value of VIE Assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalPublicFinanceMember', window );">Global Public Finance [Member] | Premiums Receivable [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets', window );">Carrying Value of VIE Assets</a></td>
<td class="nump">8<span></span>
</td>
<td class="nump">8<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalPublicFinanceMember', window );">Global Public Finance [Member] | Insurance Loss Recoverable [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets', window );">Carrying Value of VIE Assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalPublicFinanceMember', window );">Global Public Finance [Member] | Unearned Premium Revenue [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities', window );">Carrying Value of VIE Liabilities</a></td>
<td class="nump">8<span></span>
</td>
<td class="nump">9<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsByNatureAxis=mbi_GlobalPublicFinanceMember', window );">Global Public Finance [Member] | Loss And Loss Adjustment Expense Reserves Member [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities', window );">Carrying Value of VIE Liabilities</a></td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The reporting entity's maximum amount of exposure to loss as a result of its involvement with the Variable Interest Entity (VIE).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 6<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=118582676&amp;loc=d3e5747-111685<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -Subparagraph b<br> -URI http://asc.fasb.org/extlink&amp;oid=118582676&amp;loc=d3e5728-111685<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_VariableInterestEntityLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_VariableInterestEntityLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount of the assets in the reporting entity's statement of financial position that relate to the reporting entity's variable interest in the Variable Interest Entity (VIE), where the reporting entity is not the VIE's primary beneficiary.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -Subparagraph a<br> -URI http://asc.fasb.org/extlink&amp;oid=118582676&amp;loc=d3e5728-111685<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount of the liabilities in the reporting entity's statement of financial position that relate to the reporting entity's variable interest in the Variable Interest Entity (VIE), where the reporting entity is not the VIE's primary beneficiary.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -Subparagraph a<br> -URI http://asc.fasb.org/extlink&amp;oid=118582676&amp;loc=d3e5728-111685<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BalanceSheetLocationAxis=us-gaap_InvestmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BalanceSheetLocationAxis=us-gaap_InvestmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BalanceSheetLocationAxis=us-gaap_PremiumsReceivableMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BalanceSheetLocationAxis=us-gaap_PremiumsReceivableMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BalanceSheetLocationAxis=mbi_InsuranceLossRecoverableMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BalanceSheetLocationAxis=mbi_InsuranceLossRecoverableMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BalanceSheetLocationAxis=mbi_UnearnedPremiumRevenueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BalanceSheetLocationAxis=mbi_UnearnedPremiumRevenueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6865244416">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Commitments and Contingencies (Tables)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
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<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">21 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other&#160;assets </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other&#160;liabilities </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.3 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
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<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Discount rate used for operating leases </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.5</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">%</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">31 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure for lessee's operating leases. Includes, but is not limited to, description of lessee's operating lease, existence and terms of renewal or purchase options and escalation clauses, restrictions imposed by lease, such as those concerning dividends, additional debt, and further leasing, rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions.</p></div>
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6662316784">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Recent Accounting Pronouncements<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock', window );">Recent Accounting Pronouncements</a></td>
<td class="text"><div id="toc893688_11" style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 3: Recent Accounting Pronouncements </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Recently Adopted Accounting Standards </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;">Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2016-13) </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">In June of 2016, the Financial Accounting Standards Board (&#8220;FASB&#8221;) issued Accounting Standards Update (&#8220;ASU&#8221;) <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2016-13,</div> &#8220;Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.&#8221; ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2016-13</div> requires financing receivables and other financial assets measured at amortized cost to be presented at the net amount expected to be collected by recording an allowance for credit losses with changes in the allowance recorded as credit loss expense or a reversal of credit loss expense based on management&#8217;s current estimate of expected credit losses each period. ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2016-13</div> does not apply to credit losses on financial guarantee insurance contracts within the scope of Accounting Standards Codification Topic 944, &#8220;Financial Services-Insurance.&#8221; ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2016-13</div> also makes targeted amendments to the current impairment model for AFS debt securities, which include requiring the recognition of an allowance rather than a direct write-down of the investment&#8217;s cost basis. An allowance on an AFS investment may be reversed in the event that the credit quality of the issuer improves. The new guidance also replaces the model for purchased credit impaired debt securities and requires the establishment of an allowance for credit losses at acquisition of such securities by grossing up the purchase price when recording the initial amortized cost. ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2016-13</div> is effective for interim and annual periods beginning January&#160;1, 2020 with early adoption permitted beginning January&#160;1, 2019. ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2016-13</div> is applied on a modified retrospective basis except that prospective application is applied to AFS debt securities with other-than-temporary impairments (&#8220;OTTI&#8221;) recognized before the date of adoption. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">The Company adopted ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2016-13</div> in its entirety as of January&#160;1, 2020. For financial assets held by the Company and measured at amortized cost, which primarily include HTM debt securities, premiums receivable, accrued investment income and reinsurance recoverables, the Company&#8217;s aggregate cumulative-effect adjustment, net of tax, related to allowances for credit losses as of the date of adoption was a $42&#160;million reduction in retained earnings. In addition, the Company updated its models and implemented or modified processes and controls necessary for the proper identification, measurement and recording of expected credit losses on financial assets within the scope of ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2016-13. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;">Fair Value Measurement (Topic 820): Disclosure Framework&#8212;Changes to the Disclosure Requirements for Fair Value Measurement (ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2018-13) </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">In August of 2018, the FASB issued ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2018-13,</div> &#8220;Fair Value Measurement (Topic 820): Disclosure Framework&#8212;Changes to the Disclosure Requirements for Fair Value Measurement.&#8221; ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2018-13</div> modifies the disclosure requirements on fair value measurements. ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2018-13</div> was effective for interim and annual periods beginning January&#160;1, 2020 with early adoption permitted to remove or modify disclosures upon issuance of the standard and delay adoption of the additional disclosures until the effective date. Since the amendments of ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2018-13</div> only impact disclosure requirements, the adoption of ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2018-13</div> did not impact the Company&#8217;s consolidated financial statements. The Company adopted the amendments of ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2018-13</div> in its entirety as of January&#160;1, 2020. The adoption of ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2018-13</div> only impacted the fair value disclosures within the Company&#8217;s consolidated financial statements and did not impact amounts reported on the Company&#8217;s balance sheet, statement of operations, statement of comprehensive income or statement of cash flows.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;">Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2019-12) </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">As previously disclosed in the Company&#8217;s Annual Report on Form <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">10-K</div> for the year ended December&#160;31, 2019, in the fourth quarter of 2019, the Company adopted ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2019-12,</div> &#8220;Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes&#8221; as of January&#160;1, 2019. As a result of adopting ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2019-12,</div> the Company revised its previously reported amounts for the first quarter of 2019. For the three months ended March&#160;31, 2019, the Company previously reported an income tax benefit and a net loss of $2&#160;million and $17&#160;million, respectively, which were revised to an income tax provision and a net loss of $2&#160;million and $21&#160;million, respectively. In addition, for the three months ended March&#160;31, 2019, the Company previously reported a net loss per basic and diluted common share of $0.20 which was revised to $0.24 net loss per basic and diluted common share. There was no impact to the Company&#8217;s consolidated shareholders&#8217; equity.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company has not adopted any other new accounting pronouncements that had a material impact on its consolidated financial statements. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Recent Accounting Developments </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 6pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;">Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting (ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2020-04) </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">In March of 2020, the FASB issued ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2020-04,</div> &#8220;Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.&#8221; ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2020-04</div> provides optional expedients and exceptions for applying GAAP to contract modifications and hedging relationships, subject to meeting certain criteria that reference London Interbank Offered Rate (&#8220;LIBOR&#8221;) and another rate that is expected to be discontinued. ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2020-04</div> is effective as of March&#160;12, 2020 through December&#160;31, 2022. The Company is evaluating the impact of adopting ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2020-04. </div></div> <span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -URI http://asc.fasb.org/topic&amp;trid=2122394<br></p></div>
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6694139152">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Investments<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
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<tr><th class="th"><div>Mar. 31, 2020</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MarketableSecuritiesTextBlock', window );">Investments</a></td>
<td class="text"><div id="toc893688_15" style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 7: Investments </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments, excluding those elected under the fair value option, include debt and equity securities classified as either AFS or HTM. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following tables present the amortized cost, allowance for credit losses, corresponding gross unrealized gains and losses and fair value for AFS and HTM investments in the Company&#8217;s consolidated investment portfolio as of March&#160;31, 2020: </div></div>
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<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Allowance<br/> for Credit<br/> Losses</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Gross<br/> Unrealized<br/> Gains</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Gross<br/> Unrealized<br/> Losses</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair<br/> Value</div></div> </td>
<td style="white-space: nowrap; vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; font-weight: normal; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">AFS Investments</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Fixed-maturity investments:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">U.S. Treasury and government agency</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">758</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">101</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">859</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">State and municipal bonds</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">168</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">23</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">191</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Foreign governments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">10</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(1</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">9</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Corporate obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,114</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">90</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(33</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,171</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Mortgage-backed securities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Residential mortgage-backed agency</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">266</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">8</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">274</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Residential mortgage-backed <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-agency </div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">27</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(7</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">21</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Commercial mortgage-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">20</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(1</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">19</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Asset-backed securities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Collateralized debt obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">131</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(19</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">112</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other asset-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">277</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(2</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">275</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total AFS investments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2,771</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">223</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(63</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2,931</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; font-weight: normal; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">HTM Investments</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Assets of consolidated VIEs:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Corporate obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">575</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(46</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">43</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">572</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total HTM investments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">575</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(46</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">43</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">572</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px; background: none;"/> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following tables present the amortized cost, fair value, corresponding gross unrealized gains and losses and OTTI for AFS and HTM investments in the Company&#8217;s consolidated investment portfolio as of December&#160;31, 2019: </div></div>
<table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:60%;">&#160;</td>
<td style="width:5%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:5%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:5%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:5%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:5%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="19" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">December&#160;31, 2019</div></div> </td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Amortized</div></div> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Cost</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
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<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
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<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair</div></div> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Value</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Other-Than-</div></div> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Temporary</div></div> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Impairments<div style="font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;">(1)</div></div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; font-weight: normal; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">AFS Investments</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Fixed-maturity investments:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">U.S. Treasury and government agency</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">838</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">46</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(2</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">882</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">State and municipal bonds</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">178</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">22</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">200</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Foreign governments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">8</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">9</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Corporate obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,140</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">52</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(1</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,191</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Mortgage-backed securities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Residential mortgage-backed agency</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">317</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">3</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">320</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Residential mortgage-backed <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-agency </div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">23</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(5</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">19</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Commercial mortgage-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">20</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">20</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Asset-backed securities:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Collateralized debt obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">139</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(2</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">137</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other asset-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">321</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(1</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">321</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total AFS investments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2,984</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">126</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(11</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">3,099</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; font-weight: normal; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">HTM Investments</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Assets of consolidated VIEs:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Corporate obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">890</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">892</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total HTM investments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">890</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">892</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="text-align: center;"> <div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> </div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Represents unrealized gains or losses on OTTI securities recognized in AOCI, which includes the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-credit</div> component of impairments, as well as all subsequent changes in fair value of such impaired securities reported in AOCI.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div>  <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">HTM investments declined due to the early redemption of assets and liabilities within a structured finance VIE that was deconsolidated during the first quarter of 2020. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents the distribution by contractual maturity of AFS and HTM fixed-maturity securities at amortized cost, net of allowance for credit losses, and fair value as of March&#160;31, 2020. Contractual maturity may differ from expected maturity as borrowers may have the right to call or prepay obligations. </div></div>
<table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:70%;">&#160;</td>
<td style="width:4%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:4%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:4%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:4%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">AFS Securities</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">HTM Securities</div></div> </td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Consolidated VIEs</div></div> </td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Net<br/> Amortized<br/> Cost</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair&#160;Value</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Net<br/> Amortized<br/> Cost</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair&#160;Value</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Due in one year or less</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">476</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">476</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Due after one year through five years</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">500</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">506</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Due after five years through ten years</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">345</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">357</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Due after ten years</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">729</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">891</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">529</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">572</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Mortgage-backed and asset-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">721</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">701</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total fixed-maturity investments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2,771</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2,931</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">529</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">572</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Deposited and Pledged Securities </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The fair value of securities on deposit with various regulatory authorities as of March&#160;31, 2020 and December&#160;31, 2019 was $11&#160;million. These deposits are required to comply with state insurance laws. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Pursuant to the Company&#8217;s tax sharing agreement, securities held by MBIA Inc. in the Tax Escrow Account are included as &#8220;Investments pledged as collateral, at fair value&#8221; on the Company&#8217;s consolidated balance sheets. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investment agreement obligations require the Company to pledge securities as collateral. Securities pledged in connection with investment agreements may not be repledged by the investment agreement counterparty. As of March&#160;31, 2020 and December&#160;31, 2019, the fair value of securities pledged as collateral for these investment agreements approximated $299&#160;million and $313&#160;million, respectively. The Company&#8217;s collateral as of March&#160;31, 2020 consisted principally of U.S. Treasury and government agency and corporate obligations, and was primarily held with major U.S. banks. Additionally, the Company pledged cash as collateral under investment agreements in the amount of $8&#160;million as of March&#160;31, 2020. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Refer to &#8220;Note 8: Derivative Instruments&#8221; for information about securities posted to derivative counterparties. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Impaired Investments </div></div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The following table presents the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-credit</div> related gross unrealized losses related to AFS investments as of March&#160;31, 2020:</div>
<table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:59%;">&#160;</td>
<td style="width:3%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:3%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:3%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:3%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:3%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:3%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="23" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">March&#160;31, 2020</div></div> </td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Less&#160;than&#160;12&#160;Months</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">12&#160;Months&#160;or&#160;Longer</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Total</div></div> </td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unrealized</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unrealized</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unrealized</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Value</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Losses</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Value</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Losses</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Value</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Losses</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; font-weight: normal; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">AFS Investments</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Fixed-maturity investments:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">U.S. Treasury and government agency</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">4</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">4</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">State and municipal bonds</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">31</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">31</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Foreign governments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(1</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(1</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Corporate obligations</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">482</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(31</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">6</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(2</div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">488</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(33</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Mortgage-backed securities:</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Residential mortgage-backed <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-agency </div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">9</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(1</div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">9</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(6</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">18</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(7</div> </td>
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<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Commercial mortgage-backed</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">9</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(1</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">9</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(1</div> </td>
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<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Asset-backed securities:</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Collateralized debt obligations</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">49</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(4</div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">64</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(15</div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">113</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(19</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other asset-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">170</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(2</div> </td>
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<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">170</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(2</div> </td>
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<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
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<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
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<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
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<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
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<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total AFS investments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">761</div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(40</div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">79</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(23</div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">840</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(63</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents the gross unrealized losses related to AFS investments as of December&#160;31, 2019: </div></div>
<table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:60%;">&#160;</td>
<td style="width:3%;">&#160;</td>
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<td>&#160;</td>
<td style="width:3%;">&#160;</td>
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<td>&#160;</td>
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<td>&#160;</td>
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<td>&#160;</td>
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<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="23" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">December&#160;31, 2019</div></div> </td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Less than 12<br/> Months</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">12 Months or<br/> Longer</div></div> </td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Total</div></div> </td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align:bottom;">&#160;</td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unrealized</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unrealized</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unrealized</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Value</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Losses</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Value</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Losses</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Value</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Losses</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; font-weight: normal; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">AFS Investments</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Fixed-maturity investments:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">U.S. Treasury and government agency</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">148</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(1</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">79</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(1</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">227</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(2</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">State and municipal bonds</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">77</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(2</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">121</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(2</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 3em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other asset-backed</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">48</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(1</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">7</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">55</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(1</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total AFS investments</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">371</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(3</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">206</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(8</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">577</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(11</div> </td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div>  <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Gross unrealized losses on AFS investments increased as of March&#160;31, 2020 compared with December&#160;31, 2019 primarily due to widening credit spreads, partially offset by lower interest rates. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">With the weighting applied on the fair value of each security relative to the total fair value, the weighted average contractual maturity of securities in an unrealized loss position as of March&#160;31, 2020 and December&#160;31, 2019 was 8 and 10 years, respectively. As of March&#160;31, 2020 and December&#160;31, 2019, there were 42 and 63 securities, respectively, that were in an unrealized loss position for a continuous twelve-month period or longer, of which, fair values of 41 and 16 securities, respectively, were below book value by more than 5%. </div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents the distribution of securities in an unrealized loss position for a continuous twelve-month period or longer where fair value was below book value by more than 5% as of March&#160;31, 2020: </div></div>
<table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:75%;">&#160;</td>
<td style="width:6%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:6%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:6%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="11" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">AFS Securities</div></div> </td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Percentage of Fair Value Below Book Value</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Number&#160;of<br/> Securities</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Book Value<br/> (in&#160;millions)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair&#160;Value<br/> (in&#160;millions)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&gt; 5% to 15%</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">8</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">21</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">20</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&gt; 15% to 25%</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">18</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">48</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">38</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&gt; 25% to 50%</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">13</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">33</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">21</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">&gt; 50%</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">41</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">102</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">79</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company concluded that it does not have the intent to sell securities in an unrealized loss position and it is more likely than not, that it would not have to sell these securities before recovery of their cost basis. In making this conclusion, the Company examined the cash flow projections for its investment portfolios, the potential sources and uses of cash in its businesses, and the cash resources available to its business other than sales of securities. It also considered the existence of any risk management or other plans as of March&#160;31, 2020 that would require the sale of impaired securities. 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Loan level data is obtained and analyzed in a model that produces prepayment, default, and severity vectors. The model uses macro inputs, including housing price assumptions and interest rates. The vector outputs are used as inputs to a third-party cash flow model, which considers deal waterfall dynamics and structural features, to generate cash flows for an RMBS investment. The expected cash flows of the security are then discounted at the interest rate used to recognize interest income of the security to arrive at a present value amount. 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Additionally, these factors include an assessment of various issuer-related credit metrics including market capitalization, earnings, cash flow, capitalization, interest coverage, leverage, liquidity and management. The Company&#8217;s analysis is augmented by comparing market prices for similar securities of other issuers in the same sector, as well as any recent corporate or government actions that may impact the ultimate return of principal. If the Company determines that a principal default is projected, a recovery analysis is performed using the above data. 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The Company&#8217;s considerations include, but are not limited to, (a)&#160;changes in the financial conditions of the security&#8217;s underlying collateral, (b)&#160;whether the issuer is current on contractually obligated interest and principal payments, (c)&#160;changes in the financial condition, credit rating and near-term prospects of the issuer, (d)&#160;level of excess cash flows generated from the underlying collateral supporting the principal and interest payments of the security. Estimates of collectability require the use of significant management judgment and include the probability and timing of issuer&#8217;s default and loss severity estimates. 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The following table provides information about securities held by the Company as of March&#160;31, 2020 that were in an unrealized loss position and insured by a financial guarantor, along with the amount of insurance loss reserves corresponding to the par amount owned by the Company: </div></div>
<table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:68%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:56%;">&#160;</td>
<td style="width:13%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:13%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:13%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair&#160;Value</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Unrealized<br/> Loss</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"> <div style="font-family: Arial; font-weight: bold; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Insurance&#160;Loss<br/> <div style="font-weight: normal; font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Reserve</div></div><div style="font-weight: normal; font-style: normal; font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;">(2)</div></div> </td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Mortgage-backed:</div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"> <div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">MBIA<div style="font-size: 7.4pt; vertical-align: top; line-height: 5.476pt;;display:inline;">(1)</div></div> </td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">9</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(6)</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"> <div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">22</div> </td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="text-align: center;"> <div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; margin-left: 16%; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> </div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px; table-layout: fixed;">
<tr style="page-break-inside: avoid;">
<td style="width: 16%; text-align: left;">&#160;</td>
<td style="width: 3%; vertical-align: top;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Includes investments insured by MBIA Corp. and National.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="margin-top: 6pt; margin-bottom: 0px;"/>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px; table-layout: fixed;">
<tr style="page-break-inside: avoid;">
<td style="width: 16%; text-align: left;">&#160;</td>
<td style="width: 3%; vertical-align: top;">(2)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Insurance loss reserve estimates are based on the proportion of par value owned to the total amount of par value insured.</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div><div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Allowance for Credit Losses Rollforward </div></div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company did not establish an allowance for credit losses for AFS securities as of March&#160;31, 2020 or purchase any credit-deteriorated assets for the three months ended March&#160;31, 2020. </div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents the rollforward of allowance for credit losses on HTM investments for the three months ended March&#160;31, 2020: </div></div>
<table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:50%;">&#160;</td>
<td style="width:6%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:6%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:6%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
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<td rowspan="2" style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div><div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div></td>
<td rowspan="2" style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="15" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Three Months Ended March&#160;31, 2020</div></div></td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td></tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Balance<br/>as of</div></div><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">January&#160;1,<br/>2020<div style="font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;">1</div></div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Current&#160;period<br/>provision for<br/>expected<br/>credit losses</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Initial<br/>allowance<br/>recognized&#160;for<br/>PCD assets</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Write-Offs </div></div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Recoveries</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Balance<br/>as of</div></div><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">March&#160;31,<br/>2020</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; font-weight: normal; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">HTM Investments</div></div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
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<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div></td>
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<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
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<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align: bottom; font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-weight: normal; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Assets of consolidated VIEs:</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Corporate obligations</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">37</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">9</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">46</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td></tr>
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<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
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<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
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<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total Allowance on HTM investments</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">37</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">9</div></td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
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<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">46</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td></tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
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<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
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<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
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<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
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<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td></tr></table><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px; background: none;"/><div style="text-align: center;"><div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div>
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<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">Represents transition adjustment upon adoption of ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2016-13. </div></td></tr></table><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Credit Loss Rollforward for AFS </div></div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">The portion of certain unrealized losses on fixed-maturity securities that does not represent credit losses is recognized in AOCI. For these impairments, the net amount recognized in earnings represents the difference between the amortized cost of the security and the net present value of its projected future discounted cash flows prior to impairment. Any remaining difference between the fair value and amortized cost is recognized in AOCI. The following table presents the amount of credit loss impairments recognized in earnings on fixed-maturity securities held by MBIA as of the dates indicated, for which a portion of the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-credit</div> related losses was recognized in AOCI, and the corresponding changes in such amounts. The additional credit loss impairments on securities previously impaired for the three months ended March&#160;31, 2019 was primarily related to an impaired security for which a loss was recognized as the difference between the amortized cost and net present value of projected cash flows. The OTTI for the three months ended March&#160;31, 2019 resulted from updated liquidity concerns and other adverse financial conditions of the issuer.</div>
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<tr style="color: white; line-height: 0pt; visibility: hidden;">
<td style="width: 84%; font-family: Arial; padding: 0px;"/>
<td style="width: 14%; font-family: Arial; padding: 0px;"/>
<td style="font-family: Arial; padding: 0px;"/>
<td style="white-space: nowrap; font-family: Arial;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td style="font-family: Arial; padding: 0px;"/></tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"><div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions </div></div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"><div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Three&#160;Months&#160;Ended </div></div></div></td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td></tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"><div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Credit Losses Recognized in Earnings Related to Other-Than-Temporary Impairments </div></div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"><div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">March&#160;31, 2019 </div></div></div></td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td></tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"><div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Beginning balance </div></div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">37 </div></div></td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td></tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"><div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Additions for credit loss impairments recognized in the current period on securities previously impaired </div></div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">28 </div></div></td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td></tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td></tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"><div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Ending balance </div></div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">65 </div></div></td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td></tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td></tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td colspan="4" style="padding: 0px; vertical-align: top; font-size: 10pt;"><div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"/></td>
<td style="font-family: Arial;">&#160;</td></tr></table><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Sales of <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Available-for-Sale</div> Investments </div></div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Gross realized gains and losses are recorded within &#8220;Net gains (losses) on financial instruments at fair value and foreign exchange&#8221; on the Company&#8217;s consolidated statements of operations. The proceeds and the gross realized gains and losses from sales of fixed-maturity securities held as AFS for the three months ended March&#160;31, 2020 and 2019 are as follows: </div></div>
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<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:86%;">&#160;</td>
<td style="width:4%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:4%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td></tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Three&#160;Months&#160;Ended<br/>March&#160;31,</div></div></td></tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Proceeds from sales</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">279</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">683</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Gross realized gains</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">11</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">5</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Gross realized losses</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(8</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(1</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr></table><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/> <div style="text-align: left; font-family: Arial; font-size: 10pt; font-style: normal; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Equity Investments </div></div></div></div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Unrealized gains and losses recognized on equity investments held as of the end of each period for the three months ended March&#160;31, 2020 and 2019 are as follows: </div></div>
<table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:86%;">&#160;</td>
<td style="width:5%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:5%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td></tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Three&#160;Months&#160;Ended<br/>March&#160;31,</div></div></td></tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Net gains and (losses) recognized during the period on equity securities</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(13</div></td>
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">5</div></td>
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<tr style="page-break-inside:avoid;font-size:10pt;">
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<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
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<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Net gains and (losses) recognized during the period on equity securities sold during the period</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td></tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
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<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Unrealized gains and (losses) recognized during the period on equity securities still held at the reporting date</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(13</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">4</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td></tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
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<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6652350704">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Earnings Per Share<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareTextBlock', window );">Earnings Per Share</a></td>
<td class="text"><div id="toc893688_19" style="text-align: left; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 18pt; margin-bottom: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Note 11: Earnings Per Share </div></div></div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0px;">Earnings per share is calculated using the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">two-class</div> method in which earnings are allocated to common stock and participating securities based on their rights to receive nonforfeitable dividends or dividend equivalents. The Company grants restricted stock to certain employees and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-employee</div> directors in accordance with the Company&#8217;s long-term incentive programs, which entitle the participants to receive nonforfeitable dividends or dividend equivalents during the vesting period on the same basis as those dividends are paid to common shareholders. These unvested stock awards represent participating securities. During periods of net income, the calculation of earnings per share exclude the income attributable to participating securities in the numerator and the dilutive impact of these securities from the denominator. During periods of net loss, no effect is given to participating securities in the numerator and the denominator excludes the dilutive impact of these securities since they do not share in the losses of the Company.</div> <div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 12pt; margin-bottom: 0px;">Basic earnings per share excludes dilution and is computed by dividing net income (loss) available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share reflects the dilutive effect of all unvested restricted stock outstanding during the period that could potentially result in the issuance of common stock. The dilution from unvested restricted stock is calculated by applying the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">two-class</div> method and using the treasury stock method. The treasury stock method assumes the proceeds from the unrecognized compensation expense from unvested restricted stock will be used to purchase shares of the Company&#8217;s common stock at the average market price during the period. If the potentially dilutive securities disclosed in the table below become vested, the transaction would be net share settled resulting in a significantly lower impact to the outstanding share balance in comparison to the total amount of the potentially dilutive securities. During periods of net loss, unvested restricted stock is excluded from the calculation because they would have an antidilutive affect. Therefore, in periods of net loss, the calculation of basic and diluted earnings per share would result in the same value.</div><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents the computation of basic and diluted earnings per share for the three months ended March&#160;31, 2020 and 2019: </div></div>
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<td style="width: 7%; font-family: Arial; padding: 0px;"/>
<td style="font-family: Arial; padding: 0px;"/>
<td style="white-space: nowrap; font-family: Arial;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td style="font-family: Arial; padding: 0px;"/>
<td style="width: 7%; font-family: Arial; padding: 0px;"/>
<td style="font-family: Arial; padding: 0px;"/>
<td style="white-space: nowrap; font-family: Arial;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td style="font-family: Arial; padding: 0px;"/> </tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="7" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Three&#160;Months&#160;Ended&#160;March&#160;31, </div></div></div> </td> </tr>
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<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"> <div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions except per share amounts </div></div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;2020&#160;&#160;&#160;&#160;</div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"> <div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;2019&#160;&#160;&#160;&#160;</div></div></div> </td>
<td style="text-align: center; padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Basic earnings per share: </div></div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net income (loss) available to common shareholders </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(333</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(21</div></div> </td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td> </tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">72.1 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">85.6 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
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<td style="font-family: Arial; font-size: 10pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"> <div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">72.1 </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
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<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td> </tr>
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<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
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<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
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<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="vertical-align: bottom; font-size: 6pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="10" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Carrying Value of Assets </div></div></div> </td>
<td style="padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td style="padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Carrying&#160;Value&#160;of&#160;Liabilities </div></div></div> </td>
<td style="padding-bottom: 0.5pt; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid;">
<td style="text-align: left; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"> <div style="text-align: left; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: inline-block; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions </div></div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Maximum<br/> Exposure<br/> to Loss </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Premiums<br/> Receivable </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Insurance&#160;Loss<br/> Recoverable </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Unearned<br/> Premium<br/> Revenue </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Loss&#160;and&#160;Loss<br/> Adjustment<br/> Expense<br/> Reserves </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Insurance: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Global structured finance: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Mortgage-backed residential </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">2,122 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">12 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">17 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">119 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">16 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">474 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Mortgage-backed commercial </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">21 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Consumer asset-backed </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">363 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">1 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">1 </div></div> </td>
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<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">1 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">17 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Corporate asset-backed </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">870 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
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<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">6 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
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<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">531 </div></div> </td>
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<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">7 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
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<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">2 </div></div> </td>
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<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Total global structured finance </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">3,376 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">12 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">24 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">651 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">24 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">493 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Global public finance </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">1,723 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">8 </div></div> </td>
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<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Total insurance </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">5,099 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">12 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">32 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">651 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">32 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">493 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
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<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td> </tr> </table> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;">&#160;</div> <div style="clear: both; max-height: 0px;"/> <div style="clear: both; max-height: 0px; background: none;"/>
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<td style="width: 82%; font-family: Arial; padding: 0px;"/>
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<tr style="font-size: 6pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; font-size: 6pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="22" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">December&#160;31, 2019 </div></div></div> </td>
<td style="padding-bottom: 0.5pt; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; font-size: 6pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt; padding-bottom: 0.5pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="10" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Carrying Value of Assets </div></div></div> </td>
<td style="padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td style="padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Carrying&#160;Value&#160;of&#160;Liabilities </div></div></div> </td>
<td style="padding-bottom: 0.5pt; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Loss&#160;and&#160;Loss </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Maximum </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Unearned </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Adjustment </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Exposure </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Premiums </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Insurance&#160;Loss </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Premium </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Expense </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid;">
<td style="text-align: left; vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"> <div style="text-align: left; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: inline-block; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions </div></div></div> </td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">to Loss </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Receivable </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Recoverable </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Revenue </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 6pt;"> <div style="text-align: center; font-family: Arial; font-size: 6pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Reserves </div></div></div> </td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Insurance: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Global structured finance: </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Mortgage-backed residential </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">2,253 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">15 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">19 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">107 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">16 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">436 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Mortgage-backed commercial </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">26 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Consumer asset-backed </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">384 </div></div> </td>
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<td style="vertical-align: top; font-family: Arial;">&#160;</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">1 </div></div> </td>
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<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">1 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">1 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">11 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Corporate asset-backed </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">937 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
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<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">6 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">673 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">7 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
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<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
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<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Total global structured finance </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">3,600 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">15 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">26 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">781 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">24 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">447 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Global public finance </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">1,926 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">8 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">9 </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div> </td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td> </tr>
<tr style="font-size: 6pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 6pt;"> <div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">Total insurance </div></div> </td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 6pt;"> <div style="font-family: Arial; font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;">5,526 </div></div> </td>
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<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(8</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Insured swaps</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">15.0&#160;Years</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">64</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,256</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">374</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,694</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(2</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total notional</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">64</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,256</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">374</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">24</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,718</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td></tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;">&#160;</td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total fair value</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(1</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(1</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(8</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(10</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td></tr></table><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px; background: none;"/>
<table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:50%;">&#160;</td>
<td style="width:2%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:2%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:2%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:2%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:2%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:2%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:2%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:2%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td></tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">$ in millions</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="31" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">As of December&#160;31, 2019</div></div></td></tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="27" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Notional Value</div></div></td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td></tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Credit Derivatives Sold</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Weighted<br/>Average<br/>Remaining<br/>Expected<br/>Maturity</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">AAA</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">AA</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">A</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">BBB</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Below<br/>Investment<br/>Grade</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Total<br/>Notional</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair<br/>Value<br/>Asset<br/>(Liability)</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Insured credit default swaps</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1.0&#160;Years</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">32</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">32</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(7</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Insured swaps</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">14.6&#160;Years</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">66</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,284</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">445</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,795</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(2</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total notional</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">66</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,284</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">445</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">32</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,827</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td></tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;">&#160;</td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total fair value</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(1</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(1</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(7</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(9</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td></tr></table><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock', window );">Total Fair Value Of Company's Derivative Assets And Liabilities By Instrument And Balance Sheet Location, Before Counterparty Netting</a></td>
<td class="text">
<table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:41%;">&#160;</td>
<td style="width:3%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:3%;">&#160;</td>
<td>&#160;</td>
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<td>&#160;</td>
<td style="width:3%;">&#160;</td>
<td>&#160;</td>
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<td>&#160;</td>
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<td>&#160;</td>
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<td>&#160;</td>
<td style="width:3%;">&#160;</td>
<td>&#160;</td>
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<td>&#160;</td></tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Derivative Assets<div style="font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;">(1)</div></div></div></td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Derivative Liabilities<div style="font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;">(1)</div></div></div></td></tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Derivative Instruments</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Notional<br/>Amount<br/>Outstanding</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Balance&#160;Sheet&#160;Location</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair&#160;Value</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Balance&#160;Sheet&#160;Location</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair&#160;Value</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Not designated as hedging instruments:</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Insured credit default swaps</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">24</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other&#160;assets</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Derivative&#160;liabilities</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(8</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Insured swaps</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,694</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other assets</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Derivative liabilities</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(2</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Interest rate swaps</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">439</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other assets</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Derivative liabilities</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(190</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Interest rate swaps-embedded</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">227</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Medium-term</div>&#160;notes</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Medium-term notes</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(10</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Currency <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">swaps-VIE </div></div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">57</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">&#160;assets-VIE </div></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">18</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Derivative<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">&#160;liabilities-VIE </div></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">All other</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">49</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other assets</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Derivative liabilities</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(37</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-designated</div> derivatives</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2,490</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">19</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(247</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td></tr></table><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px; background: none;"/><div style="text-align: center;"><div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">In accordance with the accounting guidance for derivative instruments and hedging activities, the balance sheet location of the Company&#8217;s embedded derivative instruments is determined by the location of the related host contract.</td></tr></table><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/>
<table border="0" cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:separate;border-spacing:0;width:100%;margin-bottom:0px;margin-top:12pt;margin-left:auto;margin-right:auto">
<tr style="visibility:hidden;line-height:0pt;color:white;">
<td style="width:42%;">&#160;</td>
<td style="width:3%;">&#160;</td>
<td>&#160;</td>
<td style="white-space:nowrap;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td>&#160;</td>
<td style="width:3%;">&#160;</td>
<td>&#160;</td>
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<td>&#160;</td>
<td style="width:3%;">&#160;</td>
<td>&#160;</td>
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<td>&#160;</td>
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<td>&#160;</td>
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<td>&#160;</td>
<td style="width:3%;">&#160;</td>
<td>&#160;</td>
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<td>&#160;</td></tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">In millions</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">&#160;</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Derivative Assets<div style="font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;">(1)</div></div></div></td>
<td style="padding-bottom: 0.5pt;">&#160;</td>
<td colspan="7" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Derivative Liabilities<div style="font-size: 5.92pt; vertical-align: top; line-height: 4.3808pt;;display:inline;">(1)</div></div></div></td></tr>
<tr style="page-break-inside:avoid;font-size:8pt;">
<td style="border-bottom:1pt solid #000000;white-space:nowrap;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: left; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Derivative Instruments</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt;">&#160;</td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Notional<br/>Amount<br/>Outstanding</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Balance&#160;Sheet&#160;Location</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair&#160;Value</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Balance Sheet&#160;Location</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td colspan="3" style="border-bottom:1pt solid #000000;vertical-align:bottom;"><div style="font-family: Arial; font-weight: normal; text-align: center; font-size: 8pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;">Fair&#160;Value</div></div></td>
<td style="vertical-align: bottom; font-weight: normal; text-align: center; padding-right: 2pt; margin-bottom: 0pt; margin-top: 0pt; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Not designated as hedging instruments:</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Insured credit default swaps</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">32</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other&#160;assets</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Derivative&#160;liabilities</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(7</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Insured swaps</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1,795</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other assets</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Derivative liabilities</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(2</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Interest rate swaps</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">441</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other assets</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">1</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Derivative liabilities</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(132</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Interest rate swaps-embedded</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">232</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Medium-term</div>&#160;notes</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Medium-term notes</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(15</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Currency <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">swaps-VIE </div></div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">58</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">assets-VIE </div></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">8</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Derivative<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">&#160;liabilities-VIE </div></div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td></tr>
<tr style="background-color:#cceeff;page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 2em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">All other</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">49</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Other assets</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">-</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:left"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Derivative liabilities</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(34</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 0.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:1px solid #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:1px solid #000000;">&#160;</td></tr>
<tr style="page-break-inside:avoid;font-size:10pt;">
<td style="vertical-align:top;padding:0;"><div style="font-family: Arial; margin-left: 1em; text-align: left; text-indent: -1em; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">Total <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-designated</div> derivatives</div></td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">2,607</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">9</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;">&#160;</div></td>
<td style="vertical-align:bottom;padding-right:2pt;margin-bottom:0pt;margin-top:0pt;">&#160;</td>
<td style="vertical-align:top;">&#160;</td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">$</td>
<td style="vertical-align:bottom;text-align:right"><div style="font-family: Arial; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; line-height: normal;">(190</div></td>
<td style="vertical-align:bottom;font-family:Arial;font-size:10pt;margin-bottom:0pt;margin-top:0pt;white-space:nowrap;">)</td></tr>
<tr style="font-size:0pt;page-break-inside:avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-right: 2pt; padding-bottom: 1.5px;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="border-bottom:3px double #000000;vertical-align:bottom;">&#160;</td>
<td style="padding-right:2pt;vertical-align:bottom;border-bottom:3px double #000000;">&#160;</td></tr></table><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px; background: none;"/><div style="text-align: center;"><div style="width: 10.53%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 0.5px; border-bottom-style: solid;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div>
<table border="0" cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 3%; vertical-align: top; white-space: nowrap;">(1)&#160;-</td>
<td style="text-align: left; font-family: Arial; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;">In accordance with the accounting guidance for derivative instruments and hedging activities, the balance sheet location of the Company&#8217;s embedded derivative instruments is determined by the location of the related host contract.</td></tr></table><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock', window );">Effect Of Derivative Instruments On Consolidated Statements Of Operations</a></td>
<td class="text">
<table border="0" cellpadding="0" cellspacing="0" style="margin: 12pt auto 0px; width: 100%; font-size: 10pt; border-collapse: separate; border-spacing: 0;">
<tr style="font-size: 0px;">
<td style="width: 24%; font-family: Arial; padding: 0px;"/>
<td style="width: 3%; font-family: Arial; padding: 0px;"/>
<td style="width: 50%; font-family: Arial; padding: 0px;"/>
<td style="width: 3%; font-family: Arial; padding: 0px;"/>
<td style="font-family: Arial; padding: 0px;"/>
<td style="font-family: Arial; padding: 0px;"/>
<td style="width: 4%; font-family: Arial; padding: 0px;"/>
<td style="width: 3%; font-family: Arial; padding: 0px;"/>
<td style="font-family: Arial; padding: 0px;"/>
<td style="font-family: Arial; padding: 0px;"/>
<td style="width: 4%; font-family: Arial; padding: 0px;"/></tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"><div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions </div></div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"><div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"><div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/></td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"><div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/></td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td></tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; white-space: nowrap; font-size: 8pt; padding-bottom: 0.5pt;"><div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Derivatives Not Designated as </div></div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 8pt; padding-bottom: 0.5pt;"><div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"><div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Three&#160;Months&#160;Ended&#160;March&#160;31, </div></div></div></td>
<td style="padding-bottom: 0.5pt; font-family: Arial;">&#160;</td></tr>
<tr style="font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap; font-size: 8pt;"><div style="text-align: left; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Hedging Instruments </div></div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"><div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Location of Gain (Loss) Recognized in Income on Derivative </div></div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"><div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2020 </div></div></div></td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td>
<td style="vertical-align: bottom; padding-bottom: 0.5pt; font-family: Arial;">&#160;</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); font-size: 8pt;"><div style="text-align: center; font-family: Arial; font-size: 8pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: Arial; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2019 </div></div></div></td>
<td style="padding-right: 2pt; font-weight: normal; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="font-weight:bold;display:inline;">&#160;</div></td></tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"><div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Insured credit default swaps </div></div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt;"><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Unrealized gains (losses) on insured derivatives </div></div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1</div></div></td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14 </div></div></td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td></tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"><div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Interest rate swaps </div></div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt;"><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net gains (losses) on financial instruments at fair value and foreign exchange </div></div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(56</div></div></td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(20</div></div></td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td></tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top;"><div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;">Currency <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">swaps-VIE </div></div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom;"><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;">Net gains (losses) on financial instruments at fair value and foreign <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">exchange-VIE </div></div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10 </div></div></td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3</div></div></td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td></tr>
<tr style="font-size: 10pt; page-break-inside: avoid;">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"><div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">All other </div></div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt;"><div style="text-align: left; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net gains (losses) on financial instruments at fair value and foreign exchange </div></div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3</div></div></td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div></td>
<td style="padding-right: 2pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; font-family: Arial;">&#160;</td></tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 0.5px; font-family: Arial;">&#160;</td></tr>
<tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="padding: 0px; vertical-align: top; font-size: 10pt;"><div style="text-align: left; text-indent: -1em; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total </div></div></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; font-size: 10pt;"><div style="text-align: right; font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"/></td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(50</div></div></td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: top; font-family: Arial;">&#160;</td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">$</td>
<td style="text-align: right; vertical-align: bottom; font-size: 10pt;"><div style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: Arial; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(9</div></div></td>
<td style="font-family: Arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;">)</td></tr>
<tr style="font-size: 0pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="vertical-align: bottom; border-bottom: 3px double rgb(0, 0, 0); font-family: Arial;">&#160;</td>
<td style="padding-right: 2pt; vertical-align: bottom; padding-bottom: 1.5px; font-family: Arial;">&#160;</td></tr></table><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><div style="clear: both; max-height: 0px;"/><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of credit derivatives which includes information by sellers of credit derivatives, about each credit derivative, or each group of similar credit derivatives, including (a) the nature of the credit derivative - its term, how it arose, the events or circumstances that would require the seller to perform under the credit derivative, and the current status of the payment/performance risk of the credit derivative; (b) the maximum potential amount of future payments (undiscounted) the seller could be required to make under the credit derivative; (c) the current fair value of the credit derivative; and (d) the nature of any recourse provisions under the credit derivative, and any assets held either as collateral or by third parties. A credit derivative is a derivative instrument (1) in which one or more of its underlyings are related to the credit risk of a specified entity (or a group of entities) or an index based on the credit risk of a group of entities and (2) that exposes the seller to potential loss from credit-risk-related events specified in the contract. Examples of credit derivatives within the scope of this paragraph include, but are not limited to, credit default swaps, credit spread options, and credit index products; also includes a hybrid instrument that has an embedded credit derivative (for example, but not limited to, a credit-linked note).</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4E<br> -URI http://asc.fasb.org/extlink&amp;oid=109980867&amp;loc=SL5624181-113959<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4A<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=109980867&amp;loc=SL5618551-113959<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4C<br> -URI http://asc.fasb.org/extlink&amp;oid=109980867&amp;loc=SL5624171-113959<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4B<br> -URI http://asc.fasb.org/extlink&amp;oid=109980867&amp;loc=SL5624163-113959<br></p></div>
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6867963152">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Derivative Instruments (Credit Derivatives Sold) (Detail) - Insurance Operations [Member] - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
<td class="nump">$ 1,718<span></span>
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<td class="nump">$ 1,827<span></span>
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</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue', window );">Total fair value of credit derivatives</a></td>
<td class="num">$ (10)<span></span>
</td>
<td class="num">$ (9)<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember', window );">Credit Default Swap [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_WeightedAverageRemainingMaturityCreditDerivativesInYears', window );">Weighted average remaining expected maturity</a></td>
<td class="text">9 months 18 days<span></span>
</td>
<td class="text">1 year<span></span>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
<td class="nump">$ 24<span></span>
</td>
<td class="nump">$ 32<span></span>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue', window );">Total fair value of credit derivatives</a></td>
<td class="num">$ (8)<span></span>
</td>
<td class="num">$ (7)<span></span>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember', window );">Insured Swaps [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_WeightedAverageRemainingMaturityCreditDerivativesInYears', window );">Weighted average remaining expected maturity</a></td>
<td class="text">15 years<span></span>
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<td class="text">14 years 7 months 6 days<span></span>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
<td class="nump">$ 1,694<span></span>
</td>
<td class="nump">$ 1,795<span></span>
</td>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue', window );">Total fair value of credit derivatives</a></td>
<td class="num">(2)<span></span>
</td>
<td class="num">(2)<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingAaaMember', window );">Credit Rating Aaa [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue', window );">Total fair value of credit derivatives</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingAaaMember', window );">Credit Rating Aaa [Member] | Credit Default Swap [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingAaaMember', window );">Credit Rating Aaa [Member] | Insured Swaps [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingAaMember', window );">Credit Rating Aa [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
<td class="nump">64<span></span>
</td>
<td class="nump">66<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue', window );">Total fair value of credit derivatives</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingAaMember', window );">Credit Rating Aa [Member] | Credit Default Swap [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingAaMember', window );">Credit Rating Aa [Member] | Insured Swaps [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
<td class="nump">64<span></span>
</td>
<td class="nump">66<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingAMember', window );">Credit Rating A [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
<td class="nump">1,256<span></span>
</td>
<td class="nump">1,284<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue', window );">Total fair value of credit derivatives</a></td>
<td class="num">(1)<span></span>
</td>
<td class="num">(1)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingAMember', window );">Credit Rating A [Member] | Credit Default Swap [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingAMember', window );">Credit Rating A [Member] | Insured Swaps [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
<td class="nump">1,256<span></span>
</td>
<td class="nump">1,284<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingBbbMember', window );">Credit Rating Bbb [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
<td class="nump">374<span></span>
</td>
<td class="nump">445<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue', window );">Total fair value of credit derivatives</a></td>
<td class="num">(1)<span></span>
</td>
<td class="num">(1)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingBbbMember', window );">Credit Rating Bbb [Member] | Credit Default Swap [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingBbbMember', window );">Credit Rating Bbb [Member] | Insured Swaps [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
<td class="nump">374<span></span>
</td>
<td class="nump">445<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingBelowInvestmentGradeMember', window );">Credit Rating Below Investment Grade [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
<td class="nump">24<span></span>
</td>
<td class="nump">32<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue', window );">Total fair value of credit derivatives</a></td>
<td class="num">(8)<span></span>
</td>
<td class="num">(7)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingBelowInvestmentGradeMember', window );">Credit Rating Below Investment Grade [Member] | Credit Default Swap [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
<td class="nump">24<span></span>
</td>
<td class="nump">32<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExternalCreditRatingByGroupingAxis=mbi_CreditRatingBelowInvestmentGradeMember', window );">Credit Rating Below Investment Grade [Member] | Insured Swaps [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNotionalAmount', window );">Derivative notional amount</a></td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mbi_WeightedAverageRemainingMaturityCreditDerivativesInYears">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted Average Remaining Maturity Credit Derivatives In Years</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mbi_WeightedAverageRemainingMaturityCreditDerivativesInYears</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mbi_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of credit risk derivative liability.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4K<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=109980867&amp;loc=SL5708775-113959<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeNotionalAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Nominal or face amount used to calculate payment on derivative.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1B<br> -URI http://asc.fasb.org/extlink&amp;oid=109980867&amp;loc=SL5580258-113959<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=109980867&amp;loc=SL5579245-113959<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeNotionalAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementBusinessSegmentsAxis=mbi_InsuranceOperationsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CreditDerivativesByContractTypeAxis=us-gaap_CreditDefaultSwapMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CreditDerivativesByContractTypeAxis=us-gaap_CreditDefaultSwapMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CreditDerivativesByContractTypeAxis=mbi_InsuredSwapsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CreditDerivativesByContractTypeAxis=mbi_InsuredSwapsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6690068336">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Income Taxes (Income Taxes And Related Effective Tax Rates) (Detail) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
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<tr>
<th class="th"><div>Mar. 31, 2020</div></th>
<th class="th"><div>Mar. 31, 2019</div></th>
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<td class="text">&#160;<span></span>
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<td class="num">$ (19)<span></span>
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<td class="nump">$ 0<span></span>
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<td class="nump">$ 2<span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure - Income Taxes (Income Taxes And Related Effective Tax Rates) [Abstract]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to income tax contingencies. Includes, but not limited to, domestic tax contingency, foreign tax contingency, state and local tax contingency, and other contingencies.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.</p></div>
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6812580864">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>Earnings Per Share (Computation Of Basic And Diluted Earnings Per Share) (Detail) - USD ($)<br> $ / shares in Units, $ in Millions</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2020</div></th>
<th class="th"><div>Mar. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareBasicAbstract', window );"><strong>Basic earnings per share:</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic', window );">Net income (loss) available to common shareholders</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">$ (333)<span></span>
</td>
<td class="num">$ (21)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic', window );">Basic weighted average shares</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">72,089,016<span></span>
</td>
<td class="nump">85,554,236<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareBasic', window );">Net income (loss) per basic common share</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">$ (4.62)<span></span>
</td>
<td class="num">$ (0.24)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareDilutedAbstract', window );"><strong>Diluted earnings per share:</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted', window );">Net income (loss) available to common shareholders</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">$ (333)<span></span>
</td>
<td class="num">$ (21)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding', window );">Diluted weighted average shares</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">72,089,016<span></span>
</td>
<td class="nump">85,554,236<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareDiluted', window );">Net income (loss) per diluted common share</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">$ (4.62)<span></span>
</td>
<td class="num">$ (0.24)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment', window );">Potentially dilutive securities excluded from the calculation of diluted EPS because of antidilutive affect</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">4,900,000<span></span>
</td>
<td class="nump">4,500,000<span></span>
</td>
</tr>
<tr><td colspan="3"></td></tr>
<tr><td colspan="3"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">Includes 0.9 million of participating securities that met the service condition and were eligible to receive nonforfeitable dividends or dividend equivalents for each of the three months ended March 31, 2020 and 2019, respectively.</td>
</tr></table></td></tr>
</table>
<div style="display: none;">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(19))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637232&amp;loc=SL114874131-224263<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=117326831&amp;loc=d3e1337-109256<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 55<br> -Paragraph 52<br> -URI http://asc.fasb.org/extlink&amp;oid=117327953&amp;loc=d3e4984-109258<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(21))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22694-107794<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=117326831&amp;loc=d3e1252-109256<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(23))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637391&amp;loc=SL114874048-224260<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 60B<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=117326831&amp;loc=SL5780133-109256<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 55<br> -Paragraph 52<br> -URI http://asc.fasb.org/extlink&amp;oid=117327953&amp;loc=d3e4984-109258<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=117326831&amp;loc=d3e1252-109256<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(23))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637391&amp;loc=SL114874048-224260<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22694-107794<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=117326831&amp;loc=d3e1337-109256<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(21))<br> -URI http://asc.fasb.org/extlink&amp;oid=116634182&amp;loc=SL114868664-224227<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 60B<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=117326831&amp;loc=SL5780133-109256<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(19))<br> -URI http://asc.fasb.org/extlink&amp;oid=116637232&amp;loc=SL114874131-224263<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareDiluted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
</table>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareDilutedAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22694-107794<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=117326831&amp;loc=d3e1377-109256<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities, and addition from assumption of issuance of common shares for dilutive potential common shares; of income (loss) available to common shareholders.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 16<br> -URI http://asc.fasb.org/extlink&amp;oid=117326831&amp;loc=d3e1505-109256<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=117326831&amp;loc=d3e1377-109256<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The sum of dilutive potential common shares or units used in the calculation of the diluted per-share or per-unit computation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 16<br> -URI http://asc.fasb.org/extlink&amp;oid=117326831&amp;loc=d3e1505-109256<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=117326831&amp;loc=d3e1448-109256<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfSharesOutstandingBasic</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6879544592">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Fair Value Of Financial Instruments (Changes In Level 3 Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Detail) - Fair Value Inputs Level 3 [Member] - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2020</div></th>
<th class="th"><div>Mar. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Beginning balance, fair value assets</a></td>
<td class="nump">$ 649<span></span>
</td>
<td class="nump">$ 637<span></span>
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</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss', window );">Unrealized gains/(losses) included in earnings, assets</a></td>
<td class="num">(8)<span></span>
</td>
<td class="nump">42<span></span>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss', window );">Unrealized gains/(losses) included in OCI, assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases', window );">Purchases, assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues', window );">Issuances, assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements', window );">Settlements, assets</a></td>
<td class="num">(3)<span></span>
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<td class="num">(10)<span></span>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales', window );">Sales, assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3', window );">Transfers into level 3, assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3', window );">Transfers out of level 3, assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Ending balance, fair value assets</a></td>
<td class="nump">638<span></span>
</td>
<td class="nump">669<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease', window );">Change in unrealized gains/(losses) for the period included in earnings for assets still held, assets</a></td>
<td class="num">(8)<span></span>
</td>
<td class="nump">42<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetRecurringBasisStillHeldUnrealizedGainLossOci', window );">Change in unrealized gains/(losses) for the period included in OCI for Liabilities still held</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue', window );">Beginning balance, fair value liabilities</a></td>
<td class="nump">500<span></span>
</td>
<td class="nump">513<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss', window );">Unrealized gains/(losses included in earnings, liabilities</a></td>
<td class="num">(19)<span></span>
</td>
<td class="nump">36<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome', window );">Unrealized gains/(losses) included in OCI, liabilities</a></td>
<td class="num">(48)<span></span>
</td>
<td class="num">(11)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases', window );">Purchases, liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues', window );">Issuances, liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">5<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements', window );">Settlements, liabilities</a></td>
<td class="num">(9)<span></span>
</td>
<td class="num">(11)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales', window );">Sales, liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3', window );">Transfers into Level 3, liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3', window );">Transfers out of Level 3, liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue', window );">Ending balance, fair value liabilities</a></td>
<td class="nump">424<span></span>
</td>
<td class="nump">532<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease', window );">Change in unrealized gains/(losses) for the period included in earnings for liabilities still held, liabilities</a></td>
<td class="num">(22)<span></span>
</td>
<td class="nump">26<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueLiabilityRecurringBasisStillHeldUnrealizedGainLossOci', window );">Change in Unrealized (Gains)/ Losses for the Period Included in OCI for Liabilities still held</a></td>
<td class="num">(46)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_ResidentialPortfolioSegmentMember', window );">Residential Prime Financing Receivable [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Beginning balance, fair value assets</a></td>
<td class="nump">136<span></span>
</td>
<td class="nump">172<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss', window );">Unrealized gains/(losses) included in earnings, assets</a></td>
<td class="num">(35)<span></span>
</td>
<td class="nump">42<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss', window );">Unrealized gains/(losses) included in OCI, assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases', window );">Purchases, assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues', window );">Issuances, assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements', window );">Settlements, assets</a></td>
<td class="num">(3)<span></span>
</td>
<td class="num">(8)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales', window );">Sales, assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3', window );">Transfers into level 3, assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3', window );">Transfers out of level 3, assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Ending balance, fair value assets</a></td>
<td class="nump">98<span></span>
</td>
<td class="nump">206<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease', window );">Change in unrealized gains/(losses) for the period included in earnings for assets still held, assets</a></td>
<td class="num">(35)<span></span>
</td>
<td class="nump">42<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetRecurringBasisStillHeldUnrealizedGainLossOci', window );">Change in unrealized gains/(losses) for the period included in OCI for Liabilities still held</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=mbi_LoanRepurchaseCommitmentsMember', window );">Loan Repurchase Commitments [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Beginning balance, fair value assets</a></td>
<td class="nump">486<span></span>
</td>
<td class="nump">418<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss', window );">Unrealized gains/(losses) included in earnings, assets</a></td>
<td class="nump">20<span></span>
</td>
<td class="nump">2<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss', window );">Unrealized gains/(losses) included in OCI, assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases', window );">Purchases, assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues', window );">Issuances, assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements', window );">Settlements, assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales', window );">Sales, assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3', window );">Transfers into level 3, assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3', window );">Transfers out of level 3, assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Ending balance, fair value assets</a></td>
<td class="nump">506<span></span>
</td>
<td class="nump">420<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease', window );">Change in unrealized gains/(losses) for the period included in earnings for assets still held, assets</a></td>
<td class="nump">20<span></span>
</td>
<td class="nump">2<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetRecurringBasisStillHeldUnrealizedGainLossOci', window );">Change in unrealized gains/(losses) for the period included in OCI for Liabilities still held</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=mbi_CorporateObligationMember', window );">Corporate Obligations [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Beginning balance, fair value assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss', window );">Unrealized gains/(losses) included in earnings, assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss', window );">Unrealized gains/(losses) included in OCI, assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases', window );">Purchases, assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues', window );">Issuances, assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements', window );">Settlements, assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales', window );">Sales, assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3', window );">Transfers into level 3, assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3', window );">Transfers out of level 3, assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Ending balance, fair value assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease', window );">Change in unrealized gains/(losses) for the period included in earnings for assets still held, assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember', window );">Commercial Mortgage Backed Securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Beginning balance, fair value assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">7<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss', window );">Unrealized gains/(losses) included in earnings, assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss', window );">Unrealized gains/(losses) included in OCI, assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases', window );">Purchases, assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues', window );">Issuances, assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements', window );">Settlements, assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales', window );">Sales, assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3', window );">Transfers into level 3, assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3', window );">Transfers out of level 3, assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Ending balance, fair value assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">6<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease', window );">Change in unrealized gains/(losses) for the period included in earnings for assets still held, assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=us-gaap_CollateralizedDebtObligationsMember', window );">Collateralized Debt Obligations [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Beginning balance, fair value assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss', window );">Unrealized gains/(losses) included in earnings, assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss', window );">Unrealized gains/(losses) included in OCI, assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases', window );">Purchases, assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues', window );">Issuances, assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements', window );">Settlements, assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales', window );">Sales, assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3', window );">Transfers into level 3, assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3', window );">Transfers out of level 3, assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Ending balance, fair value assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease', window );">Change in unrealized gains/(losses) for the period included in earnings for assets still held, assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=mbi_OtherAssetBackedMember', window );">Other Asset Backed [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Beginning balance, fair value assets</a></td>
<td class="nump">1<span></span>
</td>
<td class="nump">3<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss', window );">Unrealized gains/(losses) included in earnings, assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss', window );">Unrealized gains/(losses) included in OCI, assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases', window );">Purchases, assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues', window );">Issuances, assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements', window );">Settlements, assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="num">(1)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales', window );">Sales, assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3', window );">Transfers into level 3, assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3', window );">Transfers out of level 3, assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Ending balance, fair value assets</a></td>
<td class="nump">1<span></span>
</td>
<td class="nump">2<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease', window );">Change in unrealized gains/(losses) for the period included in earnings for assets still held, assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetRecurringBasisStillHeldUnrealizedGainLossOci', window );">Change in unrealized gains/(losses) for the period included in OCI for Liabilities still held</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=us-gaap_MediumTermNotesMember', window );">Medium Term Notes [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue', window );">Beginning balance, fair value liabilities</a></td>
<td class="nump">108<span></span>
</td>
<td class="nump">102<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss', window );">Unrealized gains/(losses included in earnings, liabilities</a></td>
<td class="nump">2<span></span>
</td>
<td class="nump">8<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome', window );">Unrealized gains/(losses) included in OCI, liabilities</a></td>
<td class="num">(12)<span></span>
</td>
<td class="num">(4)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases', window );">Purchases, liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues', window );">Issuances, liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements', window );">Settlements, liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales', window );">Sales, liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3', window );">Transfers into Level 3, liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3', window );">Transfers out of Level 3, liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue', window );">Ending balance, fair value liabilities</a></td>
<td class="nump">98<span></span>
</td>
<td class="nump">106<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease', window );">Change in unrealized gains/(losses) for the period included in earnings for liabilities still held, liabilities</a></td>
<td class="nump">2<span></span>
</td>
<td class="nump">7<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueLiabilityRecurringBasisStillHeldUnrealizedGainLossOci', window );">Change in Unrealized (Gains)/ Losses for the Period Included in OCI for Liabilities still held</a></td>
<td class="num">(12)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=mbi_CreditDerivativesMember', window );">Credit Derivatives [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue', window );">Beginning balance, fair value liabilities</a></td>
<td class="nump">7<span></span>
</td>
<td class="nump">33<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss', window );">Unrealized gains/(losses included in earnings, liabilities</a></td>
<td class="nump">1<span></span>
</td>
<td class="num">(14)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome', window );">Unrealized gains/(losses) included in OCI, liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases', window );">Purchases, liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues', window );">Issuances, liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements', window );">Settlements, liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales', window );">Sales, liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3', window );">Transfers into Level 3, liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3', window );">Transfers out of Level 3, liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue', window );">Ending balance, fair value liabilities</a></td>
<td class="nump">8<span></span>
</td>
<td class="nump">19<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease', window );">Change in unrealized gains/(losses) for the period included in earnings for liabilities still held, liabilities</a></td>
<td class="nump">1<span></span>
</td>
<td class="num">(14)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueLiabilityRecurringBasisStillHeldUnrealizedGainLossOci', window );">Change in Unrealized (Gains)/ Losses for the Period Included in OCI for Liabilities still held</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=mbi_OtherDerivativesLiabilitiesMember', window );">Other Derivatives Liabilities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue', window );">Beginning balance, fair value liabilities</a></td>
<td class="nump">34<span></span>
</td>
<td class="nump">7<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss', window );">Unrealized gains/(losses included in earnings, liabilities</a></td>
<td class="nump">3<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome', window );">Unrealized gains/(losses) included in OCI, liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases', window );">Purchases, liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues', window );">Issuances, liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements', window );">Settlements, liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales', window );">Sales, liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3', window );">Transfers into Level 3, liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3', window );">Transfers out of Level 3, liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue', window );">Ending balance, fair value liabilities</a></td>
<td class="nump">37<span></span>
</td>
<td class="nump">7<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease', window );">Change in unrealized gains/(losses) for the period included in earnings for liabilities still held, liabilities</a></td>
<td class="nump">3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueLiabilityRecurringBasisStillHeldUnrealizedGainLossOci', window );">Change in Unrealized (Gains)/ Losses for the Period Included in OCI for Liabilities still held</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=mbi_VariableInterestEntityNotesMember', window );">Variable Interest Entity Notes [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue', window );">Beginning balance, fair value liabilities</a></td>
<td class="nump">347<span></span>
</td>
<td class="nump">366<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss', window );">Unrealized gains/(losses included in earnings, liabilities</a></td>
<td class="num">(25)<span></span>
</td>
<td class="nump">41<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome', window );">Unrealized gains/(losses) included in OCI, liabilities</a></td>
<td class="num">(36)<span></span>
</td>
<td class="num">(7)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases', window );">Purchases, liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues', window );">Issuances, liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">5<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements', window );">Settlements, liabilities</a></td>
<td class="num">(5)<span></span>
</td>
<td class="num">(8)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales', window );">Sales, liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3', window );">Transfers into Level 3, liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3', window );">Transfers out of Level 3, liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue', window );">Ending balance, fair value liabilities</a></td>
<td class="nump">281<span></span>
</td>
<td class="nump">397<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease', window );">Change in unrealized gains/(losses) for the period included in earnings for liabilities still held, liabilities</a></td>
<td class="num">(28)<span></span>
</td>
<td class="nump">32<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueLiabilityRecurringBasisStillHeldUnrealizedGainLossOci', window );">Change in Unrealized (Gains)/ Losses for the Period Included in OCI for Liabilities still held</a></td>
<td class="num">(34)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=mbi_CurrencyDerivativesMember', window );">Currency Derivatives [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Beginning balance, fair value assets</a></td>
<td class="nump">8<span></span>
</td>
<td class="nump">17<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss', window );">Unrealized gains/(losses) included in earnings, assets</a></td>
<td class="nump">10<span></span>
</td>
<td class="num">(3)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss', window );">Unrealized gains/(losses) included in OCI, assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases', window );">Purchases, assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues', window );">Issuances, assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements', window );">Settlements, assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales', window );">Sales, assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3', window );">Transfers into level 3, assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3', window );">Transfers out of level 3, assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Ending balance, fair value assets</a></td>
<td class="nump">18<span></span>
</td>
<td class="nump">14<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease', window );">Change in unrealized gains/(losses) for the period included in earnings for assets still held, assets</a></td>
<td class="nump">10<span></span>
</td>
<td class="num">(3)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetRecurringBasisStillHeldUnrealizedGainLossOci', window );">Change in unrealized gains/(losses) for the period included in OCI for Liabilities still held</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=us-gaap_OtherAssetsMember', window );">Other Assets [Member] | Variable Interest Entity Primary Beneficiary [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Beginning balance, fair value assets</a></td>
<td class="nump">18<span></span>
</td>
<td class="nump">14<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss', window );">Unrealized gains/(losses) included in earnings, assets</a></td>
<td class="num">(3)<span></span>
</td>
<td class="nump">1<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss', window );">Unrealized gains/(losses) included in OCI, assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases', window );">Purchases, assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues', window );">Issuances, assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements', window );">Settlements, assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales', window );">Sales, assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3', window );">Transfers into level 3, assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3', window );">Transfers out of level 3, assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Ending balance, fair value assets</a></td>
<td class="nump">15<span></span>
</td>
<td class="nump">15<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease', window );">Change in unrealized gains/(losses) for the period included in earnings for assets still held, assets</a></td>
<td class="num">(3)<span></span>
</td>
<td class="nump">1<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetRecurringBasisStillHeldUnrealizedGainLossOci', window );">Change in unrealized gains/(losses) for the period included in OCI for Liabilities still held</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=mbi_OtherPayableMember', window );">Other Payable [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesAndLoansReceivableLineItems', window );"><strong>Accounts Notes And Loans Receivable [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue', window );">Beginning balance, fair value liabilities</a></td>
<td class="nump">4<span></span>
</td>
<td class="nump">5<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss', window );">Unrealized gains/(losses included in earnings, liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">1<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome', window );">Unrealized gains/(losses) included in OCI, liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases', window );">Purchases, liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues', window );">Issuances, liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements', window );">Settlements, liabilities</a></td>
<td class="num">(4)<span></span>
</td>
<td class="num">(3)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales', window );">Sales, liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3', window );">Transfers into Level 3, liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3', window );">Transfers out of Level 3, liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue', window );">Ending balance, fair value liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">3<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease', window );">Change in unrealized gains/(losses) for the period included in earnings for liabilities still held, liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">$ 1<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueLiabilityRecurringBasisStillHeldUnrealizedGainLossOci', window );">Change in Unrealized (Gains)/ Losses for the Period Included in OCI for Liabilities still held</a></td>
<td class="nump">$ 0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsNotesAndLoansReceivableLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsNotesAndLoansReceivableLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueAssetRecurringBasisStillHeldUnrealizedGainLossOci">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of unrealized gain (loss) recognized in other comprehensive income (OCI) from asset measured at fair value on recurring basis using unobservable input (level 3) and still held.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueAssetRecurringBasisStillHeldUnrealizedGainLossOci</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of unrealized gain (loss) recognized in income from asset measured at fair value on recurring basis using unobservable input (level 3) and still held.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of unrealized gain (loss) recognized in income from liability measured at fair value on recurring basis using unobservable input (level 3) and still held.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueLiabilityRecurringBasisStillHeldUnrealizedGainLossOci">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of unrealized gain (loss) recognized in other comprehensive income (OCI) from liability measured at fair value on recurring basis using unobservable input (level 3) and still held.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueLiabilityRecurringBasisStillHeldUnrealizedGainLossOci</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of transfers of financial instrument classified as a liability into level 3 of the fair value hierarchy.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of transfers of financial instrument classified as a liability out of level 3 of the fair value hierarchy.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of gain (loss) recognized in other comprehensive income (OCI) from asset measured at fair value on recurring basis using unobservable input (level 3).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1a)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of issuances of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of purchases of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of sale of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of settlement of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of transfer of financial instrument classified as an asset into level 3 of the fair value hierarchy.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of transfers of financial instrument classified as an asset out of level 3 of the fair value hierarchy.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of gain (loss) recognized in other comprehensive income (OCI) from liability measured at fair value on recurring basis using unobservable input (level 3).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1a)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of issuances of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of purchases of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of sales of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of settlements of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_ResidentialPortfolioSegmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=mbi_LoanRepurchaseCommitmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=mbi_LoanRepurchaseCommitmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=mbi_CorporateObligationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=mbi_CorporateObligationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=us-gaap_CollateralizedDebtObligationsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=us-gaap_CollateralizedDebtObligationsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=mbi_OtherAssetBackedMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=mbi_OtherAssetBackedMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=us-gaap_MediumTermNotesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=us-gaap_MediumTermNotesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=mbi_CreditDerivativesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=mbi_CreditDerivativesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=mbi_OtherDerivativesLiabilitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=mbi_OtherDerivativesLiabilitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=mbi_VariableInterestEntityNotesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=mbi_VariableInterestEntityNotesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=mbi_CurrencyDerivativesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=mbi_CurrencyDerivativesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=us-gaap_OtherAssetsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=us-gaap_OtherAssetsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentAxis=mbi_OtherPayableMember">
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentAxis=mbi_OtherPayableMember</td>
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<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6654502880">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Fair Value Of Financial Instruments (Narrative) (Detail) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2020</div></th>
<th class="th"><div>Mar. 31, 2019</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ApproximatePercentageOfLevel3AssetsAtFairValueInTotalAssetsMeasuredAtFairValue', window );">Percentage of level 3 assets at fair value in total assets measured at fair value value</a></td>
<td class="nump">16.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">15.00%<span></span>
</td>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mbi_ApproximatePercentageOfLevel3LiabilitiesAtFairValueInTotalLiabilitiesMeasuredAtFairValue', window );">Percentage of level 3 liabilities at fair value in total liabilities measured at fair value</a></td>
<td class="nump">67.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">72.00%<span></span>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax', window );">Cumulative changes in instrument-specific credit risk of liabilities elected under the fair value option</a></td>
<td class="nump">$ 91<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">$ (2)<span></span>
</td>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedGainLossFinancialLiabilityFairValueOptionAttributableToParentMember', window );">Instrument-specific credit risk of liabilities measured at fair value, net [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax', window );">Cumulative changes in instrument-specific credit risk of liabilities elected under the fair value option</a></td>
<td class="num">(59)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">$ (107)<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionReclassificationAdjustmentFromAociForDerecognitionAfterTax', window );">Loss on instrument-specific credit risk recognized in earnings</a></td>
<td class="nump">$ 2<span></span>
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<td class="nump">$ 4<span></span>
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<td class="text">&#160;<span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Approximate percentage of level 3 assets at fair value in total assets measured at fair value.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Approximate percentage of level 3 liabilities at fair value in total liabilities measured at fair value.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=d3e637-108580<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14A<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669686-108580<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=d3e681-108580<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td>duration</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after tax, of reclassification adjustment from accumulated other comprehensive income (loss) for unrealized gain (loss) from increase (decrease) in instrument-specific credit risk, realized upon derecognition of financial liability measured under fair value option.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (d)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=75031198&amp;loc=d3e14172-108612<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (d)(4)<br> -URI http://asc.fasb.org/extlink&amp;oid=75031198&amp;loc=d3e14172-108612<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=d3e637-108580<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 10A<br> -Subparagraph (l)<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL7669646-108580<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 17A<br> -URI http://asc.fasb.org/extlink&amp;oid=118930883&amp;loc=SL34724391-108580<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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